Ukulima Co-operative House.
Haile Selassie Avenue

 

cally Call Us
 020 – 2785000
maily Email Us
info@ukulimasacco.coop

 

 

 

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Appraisal of Bosa loans is based on 3 times multiplier on ones deposits. Deposits are contributed through check off, Mobile Banking, Cash or Standing Orders. Available loan products are as below;

SUPER LOAN

  • Loan is granted for investment and development purposes.
  • Repayable within 84 Months.
  • Amortized Loan Repayments - Equal Monthly Repayment Installment which consists of Principal and Interest.
  • Interest - Monthly amortization at 1.2%.
  • One off processing fee of 0.5% on approved loan amount.

JITEGEMEE LOAN

  • Loan is granted for investment and development purposes.
  • Repayable within 72 Months.
  • Amortized Loan Repayments - Equal Monthly Repayment Installment which consists of Principal and Interest.
  • Interest - Monthly amortization at 1.15%.
  • One off processing fee of 0.5% on approved loan amount.

DEVELOPMENT(NORMAL)LOAN

  • Loan is granted for investment and development purposes.
  • Repayable within 48 Months.
  • Amortized Loan Repayments - Equal Monthly Repayment Installment which consists of Principal and Interest.
  • Interest - Monthly amortization at 1.0%.
  • One off processing fee of 0.5% on approved loan amount.

SCHOOL FEES LOAN


This product is mainly to assist members pay School/College or University fees. No supporting document from the school, college or university is required.

  • Repayable within 12 months.
  • Amortized Loan Repayments - Equal Monthly Repayment Installment which consists of Principal and Interest.
  • Interest - Monthly amortization at 1.0%.
  • One off processing fee of 0.5% on approved loan amount.

EMERGENCY LOAN

  • Loan granted to meet members’ emergency needs within the shortest time possible.
  • Repayable within 12 Months.
  • Amortized Loan Repayments - Equal Monthly Repayment Installment which consists of Principal and Interest.
  • Interest - Monthly amortization at 1.0%.
  • One off processing fee of 0.5% on approved loan amount.

ADDITIONAL LOAN

  • Loan is targeted at enabling borrowers to bridge financing gaps with respect to their uncompleted developmental projects.
  • Repayable within 30 Months.
  • Amortized Loan Repayments - Equal Monthly Repayment Installment which consists of Principal and Interest.
  • Interest - Monthly amortization at 1.2%.
  • One off processing fee of 0.5% on approved loan amount.

LA RIBA ADVANCE LOAN

This is a zero interest loan targeted to members who are obliged to be Shariah Compliant.
Repayable within 36 Months.

  • Maximum loan upto 2 times deposits.
  • Equal monthly repayment installment.
  • Upfront Administration Fee of 15% of the amount approved is recovered upon disbursement.
  • Borrower qualify for dividend and interest on their shares and deposit savings like all other members.
  • Accessible to all members subject to eligibility.
  • One off processing fee of 0.5% on approved loan amount.

CHIPUKIZI LOAN

  • Loan product is suited for new members particularly newly employed staff in public service.
  • Members from the public sector can however access the loan irrespective of membership period provided it is ones first loan in the Society.
  • At least one month’s check-off remittance or two months’ salary though Fosa for one to qualify for the loan.
  • Part of the loan funds are deducted and retained to the member’s deposit account to ensure deposit balance of at-least one third of the loan amount.
  • Repayable within 48 Months.
  • Maximum Loan amount of Kshs 500,000/-
  • Amortized Loan Repayments - Equal Monthly Repayment Installment which consists of Principal and Interest.
  • Interest - Monthly amortization at 1.0%.
  • One off processing fee of 0.5% on approved loan amount.

 

OTHER SERVICES APPLICABLE TO ALL LOANS

Loan Top-up Service (Daraja Loan)

  • This refers to any new loan meant to clear any other outstanding loan balance(s).
  • Commission of 5% is charged on the amount cleared.

Deposit Boosting Service (Hisa Loan)

  • Granted to boost Bosa deposits for purposes of accessing any loan.
  • Granted to a maximum of 100% of a member’s deposits but not exceeding Kshs 750,000/=;
  • Commission of 15% is charged on the deposits amount purchased.
  • One off recovery upon loan disbursement.

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We have large range of financial solutions that will meet your needs.

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Find Us

Ukulima Co-operative House, Haile Selassie

Avenue Off Parliament Road, Red Cross Lane

P.O. Box 44071 – 00100, NAIROBI

Call Us

020 – 2785000
+254 0720 - 179 - 991 or
+254 0735 - 886 - 565

 

Email Us

info@ukulimasacco.coop

© 2021 UKULIMA SACCO