Loans Products


This product is tailored to Sacco members who wish to access bigger development loans up to 4 times the Sacco deposits.
Members can only have one development loan running at a time.
The Loan includes:-

  • Ceiling of amount borrowed capped at 4 times the member’s deposits.
  • Interest rate 1.125 % per month reducing balance.
  • Disbursement is on a 1st come 1st served basis.
  • Repayment up to maximum of 60 Months

Designed to meet the urgent daily needs of members. The amount borrowed is up to 2 times a members’ deposit, but capped to a maximum of Kes 1,000,000 repayable within 12 months at 1% p.m. The loan shall be disbursed within 4-7 days.

Take advantage of your properties with title deeds to secure a loan 100% of the Mortgage value.
The terms and conditions for the product are as follows:-

  • The loan product shall be secured by Assets owned by the borrower.
  • The loan shall be advanced to a maximum of 100% of the Mortgage value.
  • The Interest rate for the loan is 14 % p.a. reducing balance or as shall be determined by the board.
  • The maximum loan repayment period shall be 96 months or as shall be determined by the Board from time to time.
  • A loan processing fee of 0.5% one-off shall be charged. The fee can be paid upfront or loaded to the loan.
  • In addition to the Asset securing the loan, the borrower shall execute a chattels mortgage with the Sacco lawyers.
  • The Asset shall be valued by reputable Valuer from the Sacco’s List of appointed Valuers before application of the loan.
  • The Asset shall be charged through reputable legal services providers from the Sacco’s List of appointed legal services providers.
  • All charges associated with perfection of the Securities for the Loan shall be borne by the borrower and the process shall be executed by the Sacco lawyers.
  • The Assets shall be insured with a reputable Insurance company through TIBA Insurance Agency throughout the period of the loan.

Are you looking forward to acquiring an asset? The Sacco is keen to support doctors seeking to acquire assets without the need to tie up any other properties as collateral. The SACCO remains the custodian of the asset documents of title for the duration of the loan. The member has to however show proof of payment of one third of the value of the asset.

The terms and conditions for the product are as follows:-

  • Ceiling of amount borrowed capped at two third of the value of the asset.
  • Interest rate 14% per annum reducing balance.
  • Repayment up to maximum of 60 Months.
  • Sales agreement
  • Evidence of the 1/3rd payment to the seller and buyer
  • Copy of National ID for both seller and buyer
  • Copy of KRA PIN Certificate for both seller and buyer
  • Current Asset Valuation from our prequalified list of valuers and particulars of the asset
  • Original Asset ownership documents e.g. Log Book, Title deed
  • Any other documents as may be required

This loan product is designed to cater for insurance premium financing to active members who wish to take up one or several insurance covers for themselves or their family but is limited by the availability of cash. Interest rate is at 1.17% per month reducing balance, repayable in 10 Months.

Specifically designed for members who have School Fees needs. This loan amount is offered based on the fees structure and member account status. Repayment is within 24 months at 1% per month. Members shall be allowed to top up existing school fees loans.

Customized to provide a financial cushion for intern doctors (Intern Medical Officers, Intern Dentists and Intern Pharmacists) upon their posting while they wait for their first salary.

The borrower undertakes to provide 3 guarantors as part of security for this loan. One guarantor shall be an active member of KMA SACCO, while the other two shall be either active members or fellow interns applying for the same facility.

The Loan includes:-

  • Maximum amount of Kes. 100,000
  • Interest rate 1.34% per month amortized
  • Disbursement is on a 1st come 1st served basis.
  • Repayment up to maximum of 9 Months

Necessary documents required

  • Posting letter from the Ministry
  • Arrival letter dully signed by the Superintendent
  • Copy of your ID
  • Copy of your KRA PIN
  • Two passport size photos

This loan is for purchase of fully built residential property ready for occupation in an urban area.

The terms and conditions for the product are as follows:-

  • The Maximum loan amount is pegged at 5 times the member’s deposits.
  • Repayment period is up to a maximum of 20 years.
  • The age of the member/applicant plus the repayment period should not exceed 65 years.
  • Financing is at 100% of the mortgage value of the property.
  • The interest rate shall be set by the Board from time to time, currently 13.0% p.a.
  • Borrowers also have an option of including transaction costs up to a maximum of 5% of the loan amount to cater for the legal fees, stamp duty and Insurance charges.
  • A first ranking charge over the financed property through the Sacco Lawyers.
  • Arrangement fee of 0.5% will be charged on the amount advanced.
  • Other Charges for all legal, valuation and stamp duty costs associated with purchase of this property will be borne by the member.
  • Optional financing of transaction cost to a maximum of 5% of the loan amount to cater for legal fees, stamp duty and insurance.
  • The property shall be insured comprehensively though TIBA insurance agency throughout the repayment period at the cost of the borrower.

Documentation required to process applications:

  • Reference letter from Employer confirming that the member is permanent and pensionable.
  • Copy of ID /Passport.
  • Demonstrated ability to repay the loan
  • Latest 6 months salary account bank statements.
  • Copies of Certified pay slips for the immediate past 3 months.
  • Sale agreement.
  • Duly filled Home Loan application form.
  • Formal valuation report of the property from the panel of Registered Valuers at borrower’s cost.
  • For lease hold properties, the remaining lease period should be at least 50 years.
  • Credit Life Assurance, mortgage value ceded to Sacco through TIBA Insurance Agencies.
  • Insurance over the subject property covering all risks (fire, tornado, earthquake), its full value ceded to KMA RNWDT Sacco through TIBA Insurance Agencies and renewed annually.
  • The ability to pay to be based on individual’s consistent long term income subject to the two thirds rule in the certified payslip.
  • In case this is the only loan the member has in the Sacco, forced savings should apply as per policy.
  • The Board to consider the applications on a case by case basis.


This product provides financing to members to equip their homes with furniture/fixtures/furnishing and other gadgets. The maximum amount is capped at Kes. 1,000,000 fully secured at the rate of 14.0 % p.a repayable in 24 months.

Who can Apply

  • Members with a home loan product.
  • Clinics, Hospitals and Offices that need furnishing.

This loan enables members with existing development loan to borrow a top up loan to the maximum they qualify i.e. 3 times member’s Sacco deposits to continue with their developments and revamp their business practice. The interest rate is at 1% per month repayable up to 36 months.

The dividend advance is a product designed for members who wish to access their dividend in advance before the year ends. Members can only access up to 50% of the previous year’s earned dividends.

  • Must be an active Sacco Member Saving Regularly.
  • Members loan account must be well serviced and not in default.
  • No partial withdrawals or loan offset within the year.

Dividend advance is recovered as a one-off settlement when the dividends are declared and approved in an Annual General Meeting(AGM)

10% interest recovered once when dividend are declared and approved in an annual general meeting.

Members are required to fill in a loan application form online and send to us for processing.
Payment can either be through cheque or transfer to member’s bank Account.

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