Development Loan

  • žRepayment in 36 Months,
  • žUp to 3 times of savings,
  • žAt least 3 guarantors needed,
  • žInterest 1% per Month on reducing balance,

 

School Fees Loan

  • žInterest on 1% per month on reducing balance,
  • žSubmission of fee structure,
  • žMaximum repayment period 12 Months,

 

Emergency Loan

Emergency Loan

  • žUp to a maximum 3 times of deposits,
  • žRepayment period of maximum 12 months,
  • žIn case of hospitalization, fire or accident,
  • žžAt least 3 guarantors needed,

Instant Loan

  • žžSelf guaranteed
  • žMaximum kshs. 60,000
  • žMaximum repayment of 3 months(kshs. 20,000 & below) & 4 months( above kshs.20,000)
  • žInterest of 5% per month on reducing balance

Deposits

  • These are the monthly deposits
  • A minimum of Kshs. 1000 per month
  • Refundable upon withdrawal of membership
  • They earn returns(interest) annually
  • They are the once considered when taking a loan

DIRECT DEPOSIT PROCEDURE

Direct deposit is done by members when the deduction through check-off system is not possible. This applies when repaying loan for monthly contribution or increasing one’s contribution or other payments.

Those not working in Safepak Company can use this method for all Sacco payments. These steps are:-

  1. Get the account details of Safepak Sacco Bank Account below.
  2. Take or send someone to deposit the money to the bank.
  3. Bring the bank slip to the treasurer for documentation and recording of transactions. You can make a copy of your own for reference.
  4. The treasurer will then stamp the copy and retain the bank slip in the file and issue a stamped receipt.

NB: No official is allowed to accept cash for Sacco transactions.

Loans

Safepak Sacco loan products are designed to meet your specific needs at every step of your professional and personal journey. The following loans are available:Types of loans

  1. Development Loan
  • žRepayment in 36 Months
  • žUp to 3 times of savings
  • žAt least 3 guarantors needed

INTEREST RATE 1% REDUCING BALANCE,REPAYMENT PERIOD OF 36 MONTHS

  1. Emergency Loan
  • žUp to a maximum 3 times of deposits
  • žRepayment period of maximum 12 months
  • žIn case of hospitalization, fire or accident
  • žžAt least 3 guarantors needed

INTEREST RATE 1% REDUCING BALANCE,REPAYMENT PERIOD OF 12 MONTHS

  1. Instant Loan
  • žžSelf guaranteed
  • žMaximum kshs. 60,000
  • žMaximum repayment of 3 months(kshs. 20,000 & below) & 4 months( above kshs.20,000)
  • žInterest of 5% per month on reducing balance

INTEREST RATE 3% REDUCING BALANCE,REPAYMENT PERIOD OF 12 MONTHS

 

  1. School Fees Loan
  • žInterest on 1% per month on reducing balance
  • žSubmission of fee structure.
  • žMaximum repayment period 12 Months.

INTEREST RATE 1% REDUCING BALANCE, REPAYMENT PERIOD OF 12 MONTHS CALENDER YEAR.

 

žžUp to a maximum 3 times of deposits

ž

  1. Bima Loan
  • žVehicle cover
  • žAfya bora
  • žBurglary

Up to the amount of premium

ALL   LOANS ARE ISSUED WITHIN 2 TIMES MEMBERS SAVINGS.

Loan Calculator

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Loan application Form 45.58 KB

Shares

  • Every members should have a minimum of 250 shares @ Kshs.20  i.e.  Kshs.5,000.
  • They earn a higher return (dividends) than the normal deposits.
  • They are non refundable upon withdrawal of membership but transferable to another member.
  • They are not considered when taking a loan.

Safepak sacco

To be a Credible Sacco, providing the best  financial services.

We are Credible

To be a Credible Sacco, providing the best  financial services.