Salary Loans

Special Loans 01 January 2020

Salary loans are available to all Members who process a regular income from their employers. It is ideal for individuals who earn a regular salary income through their employment contracts. Salary loans can be used for paying schools fees, settling medical bills, purchasing household items, among other uses.

Features

Top-ups available upon request
Monthly loan repayment with duration of up to 60 months (84 months Negotiable)
Insurance cover against death and permanent disability
Competitive interest rates charged
Security for loans above 2 Million may be required based on employer terms. Security options include:

Land Titles
Sacco Deposits
Guarantors
Certified fixed deposits
Movable assets acceptable as security by the Sacco.

BENEFITS

Check off facility available to goverment/county employess, TSC and where the sacco has an agrreement with the employer:- Kiriwasaco, Kirinyaga University
Reducing Balance Interest rate
No hidden Charges
Fast Processing
Flexible repayment
Clear Terms and Conditions
Your salary is the security

Requirements

You need to be a Sacco member (Open an account if not yet a member).
A duly completed loans application form
Original ID Card as well as a copy
Two Payslips with the current a must or a letter from employer with employment terms
Loan Documents needed to complete the application
Shares and Deposits atleast 10% or per the salary loan policy being applied

Loans Available

Salary 1-2 Month(s) advance - Salary must pass through Bingwa
Salary Advance repayment upto 36 months - Salary must pass through Bingwa period can extend to 60 months
CheckOff Salary advance with 84 months repayment extendable on request
Special Salary advance for those with check off facilty and salary passes through Bingwa

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Special Loans