Jumbo Loan
- The Loan will be granted up to a maximum of Kshs. 800,000.00 repayable at an interest rate of 13.5% per annum for 42 months.
- Appraisal fee of 1% of the Loan will be recovered on approval of the Loan together with insurance fee of 1% of the Loan granted.
- Repayment will be through check-off or salary passing through FOSA.
- Minimum of 6 guarantors is required.
Salary Advance Loan
- The Loan shall be granted to a maximum of Kshs. 50,000 repayable within a month at an interest rate of 6% per month.
- Appraisal fee of 1% will be recovered on approval of the Loan together with insurance fee of 1% of the Loan granted.
- One guarantor is required.
- Repayment will be through monthly salary passing through FOSA account in the Sacco.
FOSA Twiga Loan
- Repayment will be through check-off or salary passing through FOSA.
- Loan must be fully guaranteed by 6 guarantors.
- Maximum Loan amount is KES.1,200,000.
- The interest rate is at 13.5% per annum up to a maximum of 48 months.
- The Loan applicant on approval, must open a Twiga Savings Account and undertake to save a minimum of Kshs.1,000 or 0.5% of the Loan amount approved, whichever is higher.
- Appraisal Fee of 1% of the Loan will be recovered on approval together with insurance fee of 1% of the Loan granted.
Tausi Loan
- The Loan will be granted six times Tausi Savings up to a maximum of Kshs. 1,000,000.00 repayable in 36 months at an interest rate of 13.5% per annum on flat rate.
- Appraisal fee of 1% of the Loan will be recovered on approval together with an insurance fee of 1% of the Loan granted.
- Repayment will be through check-off or salary passing through the Sacco FOSA Account.
- A member must have a Tausi savings Account saving a minimum of Kshs. 500 per month.
- Minimum of six guarantors is required.
Mustard Asset Loan
- Maximum Loan amount is Ksh.2,500,000.00 repayable in a period of 60 Months.
- Interest rate of the Loan is at 14.5% per annum.
- Minimum monthly savings will be at Kshs. 500.
- Minimum of six guarantors is required.
- The Loan purpose should either be Asset or Land purchase.
BIMA Loan
- Repayment period is 11 months
- Minimum of three guarantors is required.
- Insurance fee of 1% recoverable upfront.
- Interest rate will be 6% per annum on reducing balance.
Premium Loan
- Maximum Loan amount is Kshs. 500,000.00 repayable in 36 months at an interest of 14.5% per annun.
- Appraisal fee of 1% of the Loan will be recovered on approval together with an insurance Fee of 1% of the Loan granted.
- Repayment will be through check-off or salary passing through the Sacco FOSA account.
- Minimum of six guarantors is required.
Mobile Advance Loan
- A Member is eligible for mobile advance after paying up the Share Capital as per Member ca.
- Maximum limit is KES.100,000.
- Interest rate is at 6% for amounts less than KES. 50,000 and 7.5% for amounts more than KES. 50,001
- No guarantors required.
- The Member account must not be dormant (Must have made deposit contribution in the last 3 months)
- A member will be eligible for up to a maximum of 10% of the total member Deposits.
- Mobile advance amount graduation is done on prompt repayment of the loan.
- A member can be able to top up their Mobile Advance within the eligible limit.
- The loan should be repaid within 30 days.
MakeOver Loan
- Maximum Loan amount is Kshs. 300,000 repayable in 12 months at an interest rate of 14.5% per annun.
- Appraisal Fee of 1% of the Loan will be recovered on approval together with an insurance fee of 1% of the Loan granted.
- Repayment is through check-off or Salary passing through the Sacco FOSA account.
- Minimum of three guarantors is required.
