Principal Loan
A member of Kanisa Sacco is eligible to access this facility. The maximum loan amount a member can obtain is pegged to his/her current deposits; up to a maximum of Kes.4,000,000/=. This loan is ideal for a member who wishes to carry out a certain project such as boosting a business’s working capital, furnishing a home, etc.
Loan Details
- The current maximum limit is KShs. 4 Million or three times the member’s deposits;
- Interest rate is 1% per month on reducing balance;
- Repayable within a maximum period of 48 months.
- To Qualify, a member must be in good standing i.e., he/she makes monthly contributions, not have another Principal Loan running, and have availed sufficient collateral over the loan.
Benefits of Principal Loan
Flexible Loan Amounts
We tailor loans to your needs, offering a Principal Loan up to KShs. 3 million or thrice your deposits, ensuring goal attainment.
Competitive Interest Rate
We prioritize your financial well-being with the Principal Loan's low 1% monthly interest rate, enabling cost-effective project financing for faster goals.
Flexible Repayment Terms
We offer flexible repayments, spanning up to 48 months, easing financial stress by spreading out your repayments hence your financial freedom.
Are You Interested in Applying for a Loan?
Please fill out the form below and let us contact you to apply. All fields marked with * are mandatory.
