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BOSA

BOSA (11)

Premium loan

Product Description

  • This is a product loan. It was created to satisfy our members need for extra loan after taking up a Development loan and still need more funds for a project.
  • Loan is available upto 5 (Five) time the savings
  • Payable in 36 Months.
  • Interest rate – 14% p.a. on reducing balance.
  • Guarantors required.
  • Maximum you can apply for is 10 Million.
  • Terms and conditions apply

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Refinancing loan

Product Description

  • This is a Top-Up facility for members onDevelopment Loans and Premium Loans.
  • No Charge on outstanding loan balance.
  • To facilitate Top-Up, member must have paid the current Development Loan for a period of 2 years OR Paid two-thirds of the current Development Loan.
  • Loan requirement as per Development Loans and Premium Loans.
  • This also helps one to consolidate all loans including bank loans.

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Education loan

Product Description...

  • Loan issued three times your savings
  • Payable in 12 months
  • Interest rate – 1% p.m. on reducing balance
  • No Guarantors required if savings equal to amount applied for.
  • Max loan is Kshs 1 Million

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Development loan

Product Description...

  • Loan issued three times your savings
  • Payable in 60 months
  • Interest rate – 1% on reducing balance
  • Self-Guarantee up to Maximum Savings
  • Guarantors required – not less than three guarantors
  • Max loan is Kshs 10 Million
  • Loan Application dully filled.

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Medical loan

Product Description

  • This is a Project Loan ~ the loan was introduced to assist member take up medical cover for their extended dependants under the Medical cover for Safaricom Ltd thus loan amount is subject to the premium amount.
  • Payable in 12 months
  • Interest rate – 1% on reducing balance
  • Guarantors required – not less than three guarantors

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School fee Loan

Product Description

  • Loan issued three times your savings
  • Payable within a calendar year i.e. all loans must clear by December
  • Interest rate – 1% on reducing balance
  • Guarantors required – not less than three guarantors.
  • Max loan is Kshs 1 Million.
  • School fees loan applies to Primary and secondary school.Documentary evidence must be attached to loan i.e Fees Structure, Admission letters.

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Phone/Tablet Device Loan

Product Description...

  •  This is a Loan in kind whereby the member applies for a phone/tablet from any Safaricom Retail Shop.
  • Member must obtain a qutation/proforma invoice. Payable in 12 Months. Interest rate – 1% on reducing balance.
  • No Guarantors required if savings equal to amount applied for.

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Car loan

Buy or take a loan against your car  

Product Description

  • Loan limit from 300,000.00 to  3,000,000.00
  • Multiplication factor 3 times the deposit
  • Interest rate 1% per month on reducing balance
  • Age limit of vehicle should not be more than 9 years - 1st registered 2005 and after
  • SACCO Financing up to 80% of valuation of the car
  • Must have SACCO comprehensive Insurance Cover
  • Original Logbook will be security for the loan
  • Maximum Loan Repayment period - 48 Months
  • The Car should for Private use and not PSV.
  • Car can be purchased locally or imported

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Super Premium Loan

Product Description

  • Loan is available upto 3 (Three) time the savings.
  • Payable in 72 Months..
  • Self-Guarantee upto maximum savings.
  • Interest rate – 14% p.a. on reducing balance.
  • Guarantors required.
  • Maximum you can apply for is 10 Million.

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Our Vision and Mission

To be the financial services partner of choice

 

We transform our members’ lives through provision of affordable, innovative and accessible financial services

Our Location

We have two offices in Nairobi:

Main Office, Westlands Safaricom Care Centre (SCC) First Floor.

JCC Office, Mombasa Road, Sarin Park (JCC) Ground Floor

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