A short-term loan is a loan that is offered for a short repayment cycle. What time period is meant by “short-term” can vary greatly from lender to lender and based on the loan’s purpose.
Short-term lending has improved the way you handle financial emergencies today.
Emergency Loan
- The loan is processed within a day
Maximum repayment period is 12 months
The loan must be fully guaranteed by non-withdrawable deposits
Medical Insurance Loan
Member salary MUST be channeled through FOSA account
The Society administers the scheme on behalf of the members
No guarantors required
Loan repayment period of up to 10 months
Utility Loan
A facility meant to help Sacco members buy household items, electronics, furniture, insurance premium subscriptions, Gym subscriptions among other items. The Society makes payments directly to merchants and members will have up to 12 months to repay.
- The loan is processed within a day
Repayment period of up to 12 months
