Kenya National Police DT SACCO offers Back Office Service Activity (BOSA) a wide range of products. This is where members personal accounts are maintained. Monthly deposits are pegged at 12% of Basic salary. All our loans are dispersed through POFOSA. Products at the BOSA include:-
Jumbo Loan
- 108 Months repayment period.
- 5 times member deposits.
- Interest 15.6% p.a. on reducing balance.
Bima Loan
- 12 Months repayment period.
- 5 times member deposits.
- Interest 10% p.a. on reducing balance.
Premier Loan
- 96 Months repayment period.
- 5 times member deposits.
- Interest 15% p.a. on reducing balance.
Super Loan
- 72 Months repayment period.
- 5 times member deposits.
- Interest 14% p.a. on reducing balance.
Mega Loan
- 84 Months repayment period.
- 5 times member deposits.
- Interest 14% p.a. on reducing balance.
Normal Loan
- 48 Months repayment period.
- 5 times member deposits.
- Interest 12% p.a. on reducing balance.
Refinancing Loan
- 60 Months repayment period.
- 5 times member deposits.
- Interest 12% p.a. on reducing balance.
Emergency Loan
- 24 Months repayment period.
- 5 times member deposits.
- Interest 12% p.a. on reducing balance.
School Fees Loan
- 12 Months repayment period.
- 5 times member deposits.
- Interest 12% p.a. on reducing balance.
Muslim Loan
Available to Muslim members.
- 60 Months repayment period.
- 4 times member deposits.
- No interest is charged on the loan.
- One off commission of 7% of the applied amount is charged.
- The member who applies for this loan is not eligible to get dividends.
Muslim Emergency Loan
Available to Muslim members
- 24 Months repayment period.
- 4 times member deposits.
- No interest is charged on the loan.
- One off commission of 7% of the applied amount is charged.
- 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.
- 24 Months repayment period.
- 5 times member deposits.
- Interest 12% p.a. on 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
M-Sasa
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 3.5% on reducing balance
FOSA Ultra
· Available to members channelling their salary through POFOSA
· 12 months repayment period
· 4% per month
Q-Cash
- Maximum amount of KES 40,000
- Payable in 2 equal instalments
- Interest of 5% charged at disbursement.
- Maximum repayment period of 60 days
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.
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