Credit Products

Kenya Police Sacco offers Back Office Service Activity (BOSA) a wide range of products. This is where members personal accounts are maintained. Currently each member has minimum of 200 Shares valued at KES 100. Monthly deposits are pegged at 10% of Basic salary. All our loans are dispersed through POFOSA. Products at the BOSA include:-

Mega Loan

  1. Repayment period is 72 months.
  2. 3 times members deposits.
  3. Interest rate is 15% on reducing balance.
  4. Salary must pass through POFOSA.
  5. Minimum deposit contribution of KES 300,000.
  6. Monthly deposit contribution of 12% of basic salary.

Super Loan

  1. Repayment period is 60 months.
  2. 3 times members deposits.
  3. Interest rate is 14.4% on reducing balance.

Normal Loan

  1. Repayment period is 48 months.
  2. 3 times members deposits.
  3. Interest rate is 13.5% reducing balance.

Refinancing Loan

  1. Repayment period is 48 months
  2. 3 times members deposits
  3. Interest rate is 13.5% reducing balance.

Emergency Loan

  1. Repayment period is 12 months.
  2. 3 times members deposits.
  3. Interest rate is 13.5% reducing balance.

School Fees Loan

  1. Repayment period is 12 months.
  2. 3 times members deposits.
  3. Interest rate is 13.5% reducing balance.

Muslim Loan

Available to Muslim members.

  1. 2 times members’ deposits.
  2. Repayment period is 48 Months
  3. No interest is charged on the loan.
  4. One off commission of 2.5% of the applied amount is charged.
  5. The member who applies for this loan is not eligible to get dividends

Muslim Emergency Loan

Available to Muslim members

  1. 2 times members deposits
  2. Repayment period is 12 Months
  3. No interest is charged on the loan.
  4. One off commission of 2.5% of the applied amount is charged.
  5. The member who applies for this loan is not eligible to get dividends.

Asset Financing Loan

The Sacco has partnered with various providers to help members purchase water tanks, solar panels and  household electronic appliances.

  1. Repayment period is 24 months.
  2. 3 times members deposits
  3. Interest rate is 13.5% reducing balance

Salary Advance

Salary advances are available to members whose salary is processed through the POFOSA. There are 3 salary advance products and the include

FOSA Advance

This product is repayable in 3 months duration and at interest rate of 2% per month

FOSA Flex

Is a product repayable in 6 months and at an interest rate of 3% per month

FOSA Golden

This is a newly introduced product, it is repayable within 9 months at an interest of 4% on reducing balance

Instant Cash (I-Cash)

A maximum of KES 10,000 is available to all members who have deposits of KES 10,000 and above. The amount is repayable in one month and an interest of 5% is charged at disbursement.

Dividend Advance

This advance is available to all members who received dividends the previous year. They can access up to 50% of their dividends. The SACCO charges 10% on the amount advanced.

Get started applying for a loan

Download Our Loan Request Form below

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