Bosa Loans

In line with our mission to steadfastly provide responsive and innovative financial solutions to our members, in order to meet their financial needs and desires, we pride of a wide range of products and services and relentlessly aspire to meet and exceed our members’ demands.

Types of loans:

1. Development Loan

Do you wish to fund an investment or purchase a property? This is a perfect option for you. Our Development loan product is a pocket friendly, all-purpose facility product designed to help members make improvements to or altogether fund their investments

Features

  • Granted at maximum rate of 3 times the members deposits
  • Maximum repayment period is 48 months
  • Interest rate is 1% per month on reducing balance
  • Loans disbursed every day of the month.
  • Processing fees of 1% of loan. Maximum charge is Kshs 5,000/-
  • Member can TOP UP all SACCO loans after repaying for 6 months at 0% commission
  • Shares boost of 50% of member deposits is available for customers with ability to repay big loan but have less deposits

How to Apply:

To apply for development loan, you need to fill the loan application, ensure part 6 is signed and stamped by employer. Attach required documents (2 latest payslips and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO FOSA offices or send via EMS.

Members whom payslips are available on GHRIS platform can NOW apply online up to Kshs. 500,000.00

Apply

2. Emergency Loan

A crisis need not be stressful. Our members can easily access Emergency loans without breaking a sweat. This product is designed to cater for unexpected emergencies. We endeavor to disburse these loans within the shortest time possible as we understand that some needs present themselves when least expected or hoped for. Try our Emergency loan and experience the ease and convenience of accessing funds.

Features

  • Granted at maximum rate of 3 times the members savings
  • Maximum loan amount is Kshs 100,000/-
  • Maximum repayment period is 12 months
  • Interest rate is 1% per month on reducing balance amortized
  • Processing fee of Kshs 1,500/-
  • Loans disbursed within 2 hours.
  • Member can TOP UP all SACCO loans after repaying for 6 months at 0% commission
  • Shares boost of 50% of member deposits is available for customers with ability to repay big loan but have less deposits
  • Available online

How to Apply:

To apply for Emergency loan, you need to fill the loan application, ensure part 6 is signed and stamped by employer. Attach required documents (2 latest payslips and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO FOSA offices or send via EMS.

Members whom payslips are available on GHRIS platform can NOW apply online up to Kshs. 100,000.00

To apply online; just Dial *346# on the M-SACCO platform and follow instructions including in-putting the mobile numbers of 2 guarantors. Guarantors will get SMS messages and will be required to login to M-Sacco and confirm that they have guaranteed the loan before the emergency loan can be fully processed, after verifying the GHRIS payslip.

Members are encouraged to register for M-sacco and get their ATM cards so that they can get their emergency loans even after the FOSA is closed

Click the apply button below NOW and get an Emergency loan within 2 hours.

Apply

3. School Fees Loan

Education should no longer be stressful. School fees loan is a short-term product designed to enable our members’ access funds to meet the school fees obligations for themselves and their dependants. This product is processed daily and members do not need to produce fee structure or letter from an institution to access these funds.

Features

  • Granted at maximum rate of 3 times the members savings
  • No maximum loan amount.
  • Maximum repayment period is 12 months
  • Interest rate is 1% per month on reducing balance amortized
  • Loans disbursed within 2 hours
  • Processing fee is Kshs 1,500/-
  • Can TOP UP all SACCO loans after paying for 6 months at 0% commission
  • Member can TOP UP all SACCO loans after repaying for 6 months at 0% commission
  • Shares boost of 50% of member deposits is available for customers with ability to repay big loan but have less deposits
  • Available online

How to Apply:

To apply for School Fees loan, you need to fill the loan application, ensure part 6 is signed and stamped by employer. Attach required documents (2 latest payslips and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO FOSA offices or send via EMS.

Members whom payslips are available on GHRIS platform can NOW apply online

To apply online; just Dial *346# on the M-SACCO platform and follow instructions including in-putting the mobile numbers of 2 guarantors. Guarantors will get SMS messages and will be required to login to M-Sacco and confirm that they have guaranteed the loan before the emergency loan can be fully processed, after verifying the GHRIS payslip.

Members are encouraged to register for M-sacco and get their ATM cards so that they can get their School fees online loans even after the FOSA is closed

Click apply button below and apply for school fees loan

Apply

4. Karibu Loan

You want to settle in quickly and sooner embark on your journey to financial freedom after joining our SACCO? Here is the solution for you.  Karibu loan as the name suggests welcomes you to the SACCO. The product is designed to help new members who have little savings access cash for self-development without having to wait for the traditional 6 months. Try Karibu loan and see you dreams take a new twist.  

Features

  • Member can get a loan in 2 months after joining Sacco
  • Maximum amount is 4 times the members savings
  • Maximum repayment period is 72 months
  • Processing fees of 1% of loan. Maximum charge is Kshs 7,000/-
  • Interest rate is 1.25 % per month on reducing balance
  • Maximum shares boost amount is Kshs 120,000/-
  • Loans disbursed daily
  • Can TOP UP all SACCO loans after paying for 6 months at 0% commission
  • Member can TOP UP all SACCO loans after repaying for 6 months at 0% commission
  • Shares boost of 50% of member deposits is available for customers with ability to repay big loan but have less deposits

How to Apply:

To apply for Karibu loan, you need to fill the loan application, ensure part 6 is signed and stamped by employer. Attach required documents (2 latest payslips and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO FOSA offices or send via EMS.

As a requirement to take Karibu loan, you need to pass your salary through FOSA.

Apply

5. Jisaidie Top-up Loan

At times 4 (x4) your savings, Jisaidie loan is one of our products set to change your investment paradigm. This facility is designed to cater for the needs of members who with long-term project and investments needs.

Features

  • Granted at maximum rate of 4 times the members savings
  • Maximum repayment period is 60 months
  • Interest rate is 1.15 % per month on reducing balance
  • Processing fees of 1% of loan. Maximum charge is Kshs 5,000/-
  • Loans disbursed every day of the month
  • Can Top up of all Sacco Loans after repaying for 6 months at 0 % charge
  • Shares boost of 50% of member deposits is available for customers with ability to repay big loan but have less deposits
  • Can buy off loans from other financial institutions

How to Apply:

To apply for Jisaidie loan, you need to fill the loan application, ensure part 6 is signed and stamped by employer. Attach required documents (2 latest payslips and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO FOSA offices or send via EMS.

Apply

6. Jisaidie 72 Top-up Loan

This facility is designed to cater for the needs of members who have long-term project and investments. The facility particularly favors members who salaries pass through FOSA.

Features

  • Granted at maximum rate of 4 times the members savings
  • Maximum repayment period is 72 months
  • Member Salary must be passing through FOSA
  • Interest rate is 1.15 % per month on reducing balance
  • Processing fees of 1% of loan. Maximum charge is Kshs 5,000/-
  • Loans disbursed every day of the month.
  • Can TOP UP all SACCO loans after repaying for 6 months at 0 % charge
  • Shares boost of 50% of member deposits is available for customers with ability to repay big loan but have less deposits
  • Can buy off loans from other financial institutions

How to Apply:

To apply for Jisaidie 72  Top Up loan, you need to fill the loan application, ensure part 6 is signed and stamped by employer. Attach required documents (2 latest payslips and copy of ID), avail adequate guarantors. Deliver the documents physically to SACCO FOSA offices or send via EMS.

Apply

7.Inuka Loan

  • Granted at maximum rate of 4 times the members deposits.
  • Maximum repayment period is 84 months.
  • Salary must be passing through FOSA.
  • Processing fees of 1% of loan. Maximum charge is Kshs 10,000/-.
  • Loans disbursed every day of the month.
  • Loan disbursed through FOSA Savings account.
  • Can Top up ALL SACCO loans after paying for 6 months and buy out Bank loans.
  • Shares boost available for customers with ability to repay big loan but have less deposits.

(Maximum shares boost is 50% of member’s deposits).

NB: The INUKA loan is available on-line up to Kshs 1,000,000/-. To apply dial *357#

Apply

8. Bima Advance

  • Granted at a maximum rate of 3 times the members deposits.
  • Maximum repayment period is 10 months.
  • Processing fee: Kshs 1,500/-.
  • No minimum premiums to be financed.
  • Maximum loan size to be based on member ability to repay in 10 instalments, based on the insurance premium quotation.
  • Loan disbursed through FOSA account and immediately transferred to a holding account for onward transmission to the Insurance company.

 

9 . Shamba Loan

  • The Society to finance 80% of the purchase price while the member to pay 20%.
  • Member to provide evidence of payment of the 20% made to the Harambee Investment Cooperative Society Ltd (HICS).
  • The maximum loan limit is Kshs. 2,000,000/=. (Kshs Two million only)
  • Loan multiplier: maximum of 4 times member’s BOSA deposits
  • The loan is guaranteed by the title deed of the land being purchased, members deposits and / or guarantors.
  • The loan shall be paid directly to the Harambee Investment Co-operative Society Limited or any identified vendor as per the agreement of purchase.
  • A Loan Commitment Form shall be signed by three parties i.e., the borrower, the Harambee Investment Co-operative Society Ltd / Vendor and Harambee Sacco Society signatories.
  • Valuation of the land where necessary shall be done by the Harambee SACCO appointed valuers.
  • Title deed shall bear the member’s name(s), but the member will sign transfer forms and provide other necessary documents just in case of default, the SACCO will be able to dispose the property.
  • The Title deed and the signed transfer forms will be kept in safe custody by the SACCO. The Title deed will be released to the member after full repayment of the loan.
  • The costs of valuation, Title deed registration, stamp duty, legal fees and any other incidental costs shall be borne by the member.
  • There will be no loan top-up facility for this loan product.
  • Loan repayment shall be on check-off, standing order or direct debit orders.
  • A processing fee of 1% will be charged up to a maximum of Kshs10,000/-.
  • Repayment Period: Maximum repayment period is 48 months.

 

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  • Employment & Labour Law
  • Property Conveyancing
  • Environmental Law
  • Corporate Law
  • Insurance
  • Intellectual Property
  • Litigation
  • Employment & Labour Law
  • Property Conveyancing
  • Environmental Law
  • Corporate Law
  • Insurance
  • Intellectual Property
  • Litigation
  • Employment & Labour Law
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