FOSA LOAN PRODUCTS
- This is for those members earning their salaries or pensions in FOSA.
- Repayable between 15 to 20 months
- The period is for 24 months
- Maximum loan amount to be 200,000 kshs
- This is an emergency loan serviced through FOSA.
- Repayment between 5 to 12 months.
- Loan processed the same day.
- Maximum amount Sh. 200,000.
- This advance is given to salary earners before or after earning their salaries.
- Recovered only once
- 1 month advance of 10%.
- For those servicing the Instant Advance
- This is a mobile loan accessed by members who are registered M-Sacco users and are actively contributing monthly deposits.
- Minimum loan amount is 2,000
- Dial *346# to apply for the loan.
- Intended for new members who channel their salary through FOSA and contribute monthly deposits through FOSA standing orders from salaries.
- Repayable within 48 months.
- Loan meant for development purposes for salary earners.
- Loans processed within a month. Repayable within 48 months.
This is a 3 months advance to FOSA salary earners with guarantors offered as security.
- Strictly for ECD teachers.
- Minimum repayment period is 15 months and maximum is 36 months.
- Strictly for Retirees earning their pensions through FOSA.
- Low and attractive interest rates
- The repayment period 36 months.