Salary Advance

Access loans up to three times your salary with a maximum repayment period of up to five months. Also enjoy favourable interest rates on this product.

For one to apply for any loan product, the following shall be mandatory requirements:-

  • Two latest original payslips
  • A copy of your national Identity Card or passport
  • A copy of your KRA Personal Identification Number
  • Appropriate supporting documents
  • Bank statements where applicable

About this product

  • Loan amount: determined by ability to repay.
  • Granted to savings account holder in FOSA section who have operated the account satisfactorily for at least one month, and salary is received through the SACCO. 
  • Security: check off
  • Duration: maximum of 5 months’ subject to approval
  • Interest rate: 5.5% per month.