BOSA Loans

Development / Normal Loans
  • This product is open to all members.
  • A member can take maximum loan of 3 times deposits held.
  • Repayment period: 48 months.
  • Interest rate: 1% p.m on loan reducing balance.
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Premium loan

  • The Premium loan is open to all members.
  • A member can take a loan of up to 3 times deposits held.
  • Repayment Period: 60 Months.
  • Interest rate: 1% p.m on loan reducing balance.
  • It also attracts 1.5% premium interest recovered up-front
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Re-Finance Loan

  • This loan is open to all members wishing to refinance their existing loans.
  • Repayment period is 48 months.
  • Interest rate: 1% p.m on loan reducing balance.
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Education / School Fees Loan
  • This loan is meant for secondary, college or university fees.
  • A member can take a loan of up to 3 times deposits held.
  • Repayment period: 20 months.
  • Interest rate: 1% p.m on loan reducing balance.
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Emergency Loan

  • This loan is meant for unforeseen circumstances like burials, natural calamities, court orders, etc.
  • A member should have serviced all other loans.
  • Repayment period is capped at 12 months.
  • Interest rate: 1% p.m on loan reducing balance.
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Introductory Loan

  • This loan is available to new salaried members
  • A new member is eligible to a maximum loan of Kshs.200,000 where a third (1/3) is taken to member’s deposits.
  • Interest rate: 1% p.m on loan reducing balance.
  • Repayment period: 48 months.
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Sky Loan
  • This product is open to all members.
  • Annual dividends and interests are used to repay the loan.
  • A member can take maximum loan of 3 times deposits held.
  • Repayment period: 72 months.
  • Interest rate: 1% p.m on loan reducing balance.
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Sky Poa Loan

  • A member earns dividends & interests
  • Must have minimum BOSA deposits of Kshs.300,000
  • A member can take maximum loan of 3 times deposits held.
  • Repayment period: 72 months.
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Other BOSA Loans

–> Karibu Loan (12 mths)
–> Ideal Loan (84 mths)
–> Superior Loan (96 mths)
–> Take-Off Loan (84 mths)

Overview

BOSA LOANSDuration
Development/Normal Loans48 months
Premium loan60 months
Re-Finance Loan48 months
Education/School Fees Loan20 months
Emergency Loan12 months
Introductory Loan48 months
Sky Loan72 months
Sky Poa Loan72 months
Karibu Loan12 months
Ideal Loan84 months
Superior Loan96 months
Take-Off Loan84 months