BOSA LOANS


BOSA LOANS

General eligibility requirements

    1. 3 times share deposits multiplier.
    2. 1/3 Rule policy maintained.
    3. Eligible guarantors.

TARATIBU LOAN
NORMAL LOAN
ALMASI LOAN
MAKAO LOAN
SCHOOL FEES LOAN
EMERGENCY LOAN

Provide members with working capital funds and affording them more manageable installments repayment.

Features:

  1. Interest rate is 13% p.a (Constant repayment).
  2. Maximum amount of Ksh 10,000,000.
  3. Maximum repayment period of 60 months.
  4. At least 6 Guarantors (Loan above Ksh 2,000,000, 10 guarantors).

 

 

This is designed to help members in their investment and development plans .

Features;

  1. Interest rate on loan is 12% p.a on reducing balance.
  2. Maximum amount of Ksh 10,000,000.
  3. Maximum repayment period of 48 months.
  4. At least 6 Guarantors (Loan above Ksh 2,000,000, 10 guarantors).

 

This product is specifically for retiree members and is self-guarantee. The loan applied shall be less than the share deposits

Features

  1. Interest rate on loan is 9% per annum on reducing basis.
  2. Maximum amount of Ksh 7,000,000.
  3. No guarantors.
  4. Maximum repayment period is 72 months

 

This is designed to help members in their investment and development plans .

Features;

  1. Interest rate on loan is 12% p.a on reducing balance.
  2. Maximum amount of Ksh 2,000,000.
  3. Maximum repayment period of 48 months.
  4. At least 6 Guarantors (Loan above Ksh 2,000,000, 10 guarantors).

 

 

This loan is designed to help members meet school fee needs.

Features;

  1. Quick processing and disbursement.
  2. Interest rate on loan is 13% on reducing balance.
  3. No Maximum amount.
  4. Maximum repayment period of 12 months.

 

This is designed to help members meet emergency cases.

Features;

  1. Quick processing and disbursement.
  2. Interest rate on loan is 12% on reducing balance.
  3. Maximum amount of Ksh 300,000.
  4. Maximum repayment period of 12 months.

 

KARIBU LOAN
SUPER LOAN

Provide members with working capital funds and affording them more manageable installments repayment.

Features:

  1. Must have been a member of the SACCO for at least 3 month.
  2. BOSA Product 1/3 rule applies.
  3. Interest rate is 12%.
  4. Repayment period is 6 months.

 

Features;

  1. Loan repayment period up to Ninety Six (96) months.
  2. Can be used to bridge Taratibu, Normal, Emergency and Education loans.
  3. Can be used to buy loans from other financial institutions.
  4. A one off charge of 3% of loans being bridged or bought will be charged.
  5. Can be secured through guarantors and/or collateral.
  6. The interest rate shall be 14% per annum on straight line basis or as may be determined from time to time.
  7. Salary must be channeled through FOSA.
  8. Loan will be given up to three times a member’s deposits.
  9. The maximum loan granted shall be Kshs 10,000,000.