Loan Products
At Dhamini SACCO, we promotes thrift, by providing credit services at very competitive interest rates with the aim of contribute to our members financial strength and their general wellbeing
Development Loan
This is a loan granted for the purchase of assets
Features
- The repayment period is 48 months
- Interest is at 12% p.a on the reduced balance
- Granted up to a maximum of Ksh 15,000,000/=
- The repayment period is 48 months
- Interest is at 12% p.a on the reduced balance
- Granted up to a maximum of Ksh 15,000,000/=
Mobile Loan
This is issued via mobile app to registered members with free deposits.
Features
- The repayment period is 1 month
- Interest charged is 5% p.m
- Granted up to a maximum of Ksh 30,000/=
- Members to take withintheir free deposits
- The repayment period is 1 month
- Interest charged is 5% p.m
- Granted up to a maximum of Ksh 30,000/=
- Members to take withintheir free deposits
Emergency Loan
This is a loan granted for emergencies such as medical, court fines, death and other unforeseen circumstances
Features
- Repayment period is 12 months
- Interest is at 12% p.a on reducing balance method
- Maximum amount is Ksh 100,000/=
- Repayment period is 12 months
- Interest is at 12% p.a on reducing balance method
- Maximum amount is Ksh 100,000/=
School Fees Loan
This is a loan given for schools/college fees needs
Features
- Repayment period is 24 months
- Interest is at 12% p.a on reducing balance
- Maximum amount is Ksh 200,000/=
- Repayment period is 24 months
- Interest is at 12% p.a on reducing balance
- Maximum amount is Ksh 200,000/=
Product Loan
This is a loan granted for purchases of personal/home products through the Sacco.
Features
- Repayment period is 24 months
- Interest is 12% p.a on a reducing balance
- Maximum amount is Ksh 200, 000/=
- Repayment period is 24 months
- Interest is 12% p.a on a reducing balance
- Maximum amount is Ksh 200, 000/=
Anniversary Loan
Features
- Repayment period is 18 months
- Interest is 12% p.a on reducing balance
- Maximum amount is Ksh 200, 000/=
- Repayment period is 18 months
- Interest is 12% p.a on reducing balance
- Maximum amount is Ksh 200, 000/=
Jenga Loan
This is a loan granted to members with plots and would like to develop them
Features
- The repayment period is 120 months.
- The interest rate is 13% p.a on reducing balance.
- Collateral is a land title deed.
- Maximum amounts is Ksh 15,000,000
- The repayment period is 120 months.
- The interest rate is 13% p.a on reducing balance.
- Collateral is a land title deed.
- Maximum amounts is Ksh 15,000,000
Biashara Boost Loan
This is a loan granted for boosting of business / biashara to the next level.
Features
- Maximum amount is Ksh. 500,000/=
- The interest rate is 12% p.a on reducing balance
- Maximum repayment period is 24 months.
- Maximum amount is Ksh. 500,000/=
- The interest rate is 12% p.a on reducing balance
- Maximum repayment period is 24 months.
Jitegemee Loan
This is a loan granted to members that is secured against free member deposits.
Features
- A maximum of 90% of a member's deposits as security
- Flexible repayment period of 30 months
- Interest rate is 10% p.a on reducing balance.
- A maximum of 90% of a member's deposits as security
- Flexible repayment period of 30 months
- Interest rate is 10% p.a on reducing balance.
Holiday Loan
This is a loan granted to members based on 50% of their previous year's dividends/interests on deposits.
Features
- Applicable between September and March
- Interest rate is at 12% p.a.
- Repayment is done against the member's dividend. / interest on member deposits.
- Applicable between September and March
- Interest rate is at 12% p.a.
- Repayment is done against the member's dividend. / interest on member deposits.
Instant Loan
This is a mobile loan that provides a flexible repayment period of up to 3 months
Features
- A maximum of 90% of the member's free deposit
- Flexible repayment period of 3 months
- Interest rate is 5% p.a straight line.
- A maximum of 90% of the member's free deposit
- Flexible repayment period of 3 months
- Interest rate is 5% p.a straight line.
Asset Finance Loan
This is a Loan granted for asset or personal investments with the use of collateral
Features
- The repayment period is 72 months with a title deed as collateral.
- The repayment period is 48 months with a Vehicle Log Book as collateral with 50% of the vehicle value being used as collateral. The maximum age of the car is 8 year.
- The repayment period is 24 months with a Motorcycle Log Book as collateral with 50% of the motorcycle value being used as collateral. It should have been purchased through the Sacco.
- Motor Vehicle/ Cycle used as collateral must have Comprehensive Insurance and fitted with a tracker through the Sacco..
- The repayment period is 72 months with a title deed as collateral.
- The repayment period is 48 months with a Vehicle Log Book as collateral with 50% of the vehicle value being used as collateral. The maximum age of the car is 8 year.
- The repayment period is 24 months with a Motorcycle Log Book as collateral with 50% of the motorcycle value being used as collateral. It should have been purchased through the Sacco.
- Motor Vehicle/ Cycle used as collateral must have Comprehensive Insurance and fitted with a tracker through the Sacco..