Take advantage of our short-term loans to sort your emergency needs, school fees,or medical cover/expenses.
Emergency Loan
This product is designed to cater for emergencies that occur when least expected.
- Loan limit of Ksh.500,000
- Multiplier of X3 member deposits
- Processed within 6 hours of application
- Interest rate is 1% per month on reducing balance
- Maximum repayment period of up to 12 months
- Secured by guarantors or own deposits ,Money market funds or NSE Listed shares
Medical Insurance Loan
The facility caters for medical insurance subscriptions for our members at negotiated rates through partnerships with reputable insurance companies.
A member may also subscribe to a supplementary cover on top of their existing insurance cover.
- Loan limit of Ksh.200,000
- No deposits multiplier consideration
- Interest rate is 1% per month on reducing balance
- Maximum repayment period of up to 10 months
- Member salary MUST be channeled through FOSA account
- The Society administers the scheme on behalf of the members
- No guarantors required
Utility Loan
The facility caters to the purchase of household items e.g. Furniture, TVs, cookers, and Washing machines at affordable prices through partnerships.
Members can also acquire quality mobile gadgets, cameras, laptops tablets, etc.
Your car insurance premium, gym subscription, and holiday packages are also catered for by our utility loan.
- Loan limit of Ksh.300,000
- Multiplier of X3 member deposits
- Interest rate is 1% per month on reducing balance
- Maximum repayment period of up to 12 months
- Secured by own deposits, guarantors, Money market funds, NSE Listed shares, logbook
- A member may have a maximum of two running facilities at a time
