List of Stima Sacco Loan Products in Kenya

This article provides a list of stima sacco loan products and other relevant details about the sacco operations. Many Kenyans prefer Saccos because they provide lower interest rates, lower insurance fees, and numerous discounts.

This Sacco offers excellent deposit returns, the ability to grow financial reserves quickly, and investment alternatives. Stima Sacco offers a variety of loans that can be tailored to your specific needs.

List of Stima Sacco Loan Products

Long Term Personal Loan Products

The loanee finances this loan over a longer period of time. They are frequently larger sums.

Normal Loan 1 and 2

They are as follows:

  • Interest rate: 12% for all
  • Repayment: 48-60 months

Super Loan

  • Maximum loan amount: 3 and 2 times your member’s alpha deposits
  • Interest rate: 14%
  • Repayment: 60 months
  • Maximum loan amount: 4 times your Stima Sacco Savings account alpha deposits

Mwagaza Loan 1 & 2

  • Interest rates: 14% and 18% respectively
  • Maximum loan amount: Kshs. 3 million
  • Minimum deposit contribution: 10,000 per month
  • Repayment: 48 and 60 months respectively

Premium Loan

  • Interest rate: 14%
  • Repayment: 72 months
  • Minimum deposit amount: Kshs 1 million

Vuka Loan

  • Interest Rate: 16%
  • Repayment: 72 months
  • Maximum loan amount: Kshs. 5 million
  • Minimum deposit contribution: Kshs 7,500

Flex 1 and 2

  • Interest rate: 15%
  • Repayment: 15 months
  • Maximum loan amount: 4 times member’s alpha deposit