Loans & Advances - Magadi Sacco Society Ltd

 BOSA LOANS

BOSA Loans are issued to members based on their deposits. A member can get loans up to 3 times of their deposits.


LOAN PRODUCTS

DEVELOPMENT LOAN


 
The Development Loan is a long term loan that is granted based on member’s deposits. One can get up to 3 times their deposits with repayment period of up to 60 months.

FEATURES:

  • Repayment period of up to 60 monthly instalments
  • Loan amount up to 3 times member’s deposits
  • Interest as low as 12% p.a

QUALIFICATION:

  • Applicant must have been a member for at least 6 months
  • At least 3 guarantors
  • Ability to repay

SAMBAMBA LOAN



 
The Sambamba Loan is a refinancing loan for members with running Development loans. The loan is granted based on member’s deposits. One can get up to 3 times their deposits with repayment period of up to 60 months.

FEATURES:

  • Repayment period of up to 60 monthly installments
  • Loan amount up to 3 times member’s deposits
  • Interest as low as 12% p.a

QUALIFICATION:

  • Applicant must have been a member for at least 6 months
  • At least 3 guarantors
  • Ability to repay

EMERGENCY LOANS



 
The Emergency loan is a quick-save loan product to help you settle urgent medical bills, legal fees and meet funeral expenses for a loved one repayable in 12 months. The loan is granted based on member’s deposits. One can get up to 3 times their deposits with repayment period of up to 12 months.

FEATURES:

  • Repayment period of up to 12 monthly installments
  • Loan amount up to 3 times member’s deposits
  • Interest as low as 12% p.a

QUALIFICATION:

  • Applicant must have been a member for at least 6 months
  • At least 3 guarantors
  • Ability to repay

SCHOOL FEES LOAN



 
Personal and family academic development is an investment and empowerment that can no longer be wished away in today’s society. We offer the solution by giving you a loan repayable to a maximum of 12 months.
FEATURES:

  • Repayment period of up to 12 monthly installments
  • Loan amount up to 3 times member’s deposits
  • Interest as low as 12% p.a

QUALIFICATION:

  • Applicant must have been a member for at least 6 months
  • At least 3 guarantors
  • Ability to repay

LOAN CALCULATOR

Loan Calculator Mortgage Calculator
Mortgage CalculatorLoan Calculator
Ksh
years
%



blue_swirls

Download Membership Form!

Join us today and invest with the best


savings

FOSA ADVANCES

FOSA advances are quick advances issued to members with easy monthly installments of up to 12 months. Below are the various types of advances issued at FOSA:

JIJENGE ADVANCE

Jijenge Advance is issued to members who do not have existing Jijenge or Top-Up advances. The advance is repayable in 6 monthly installments and up to 12 monthly installments during promotion periods.

TOP-UP ADVANCE

Top-Up advance is an advance issued to members with existing Jijenge or Top-Up advances.

JIENJOY


Jienjoy Advances , also dubbed WalK-In Walk-Out, is a quick advance recovered within one month and up to 2 months during promotional periods.


blue_swirls


savings

REQUIREMENTS FOR JOINING

bosa_saving1


blue_swirls
Download Membership Form!

Join us today and invest with the best