BOSA Products

Group Products

Eligibility: Registered groups with active SACCO members. Requirements: Income-generating activity, regular deposits, and consistent contributions for six months. Loan Amount: Up to three times the group savings (maximum Kshs. 1 million). Repayment Period: Up to 50 months. Interest Rate: 1.25% per month. Security: Tangible collateral or group member guarantees.
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Fadhili Loan

Repayment Period: 72 months Multiplier: 3 times of deposits Security: Non-withdrawable deposits, Salary, Guarantors, and other acceptable forms of securities. Processing Period: Within one month, subject to the availability of funds. Minimum Monthly Deposit Contribution: KES 6,000 Interest Rate: 1.42% per month on reducing balance.
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Insurance Premium Financing

Eligibility: Open to members only. Purpose: For annual insurance premiums (motor, fire, life, etc.). Interest Rates: 12% p.a. (if SACCO is an agent) or 14% p.a. (for others). Repayment Period: 12 months.
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Emergency Loan

a) Medical Bills and Expenses-code 5110 Eligibility 3 times member’s deposit Qualified guarantors 1% interest rate per month Same day processing when all the qualifications are met. Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75% b) Maternity Bills and Expenses-code 5120 Eligibility 3 times member’s deposit Qualified guarantors […]
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School Fee Loan

Eligibility Qualified Guarantors 1.16% interest rate per month Repayment one calendar year Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75% same day processing
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College Loan

Eligibility Qualified Guarantors 1.16% interest rate per month Repayment 12 months for college fees. Processing fee 0.5% for loans up to Ksh.1M subject to a minimum of Ksh.500/=,above 1M 0.75% same day processing
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