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 LOANS Duration
Development/Normal Loans 48 months
Premium loan 60 months
Re-Finance Loan 48 months
Education/School Fees Loan 20 months
Emergency Loan 12 months
Introductory Loan 48 months
Sky Loan 72 months
Sky Poa Loan 72 months
Karibu Loan 12 months
Ideal Loan 84 months
Superior Loan 96 months
Take-Off Loan 84 months