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

Read, Mwalimu Sacco Loans Types Requirements & Interest Rates

Short Term Personal Loan Products

These are loans that have lower repayment periods. The highest has 12 months. The amount is also slightly lower.

Prime Advance Loan

  • Interest rate: 18%
  • Maximum loan amount: Kshs. 200,000
  • Repayment: 12 months

Emergency School Fees Loan

  • Interest rate: 12%
  • Maximum loan amount: 3 times member’s alpha deposit
  • Repayment: 12 months

Msingi Bora School Fees Loan

  • Interest rate: 10%
  • Maximum loan amount: 75% of Msingi Bora deposits
  • Repayment: 12 months

Salary Advance Loan

  • Interest rate: 5% per month
  • Maximum loan amount: 100,000
  • Repayment: I month

Business and Group Loan Products

If you wish to start, expand, or grow a business, the loans in this area are for you. These are loans that your large or small chama can take out. This form of loan can be utilized for building, agriculture projects, and a variety of other purposes.

Working capital loans, Asset financing, school loans, LPO loans, Investor loans, Stima Sacco plot financing loans, Makazi Poa loans, and Mpawa loans are a few examples.

Requirements for Stima Sacco Loans

  • Appraisal Requirements.
  • History of previous borrowing.
  • A borrower must meet the set eligibility criteria.

Stima Sacco branches

For any inquiries, complaints or any other unclear issue. You can visit any of the Stima Sacco Branches at Head Office Nairobi, Mombasa, Kisumu Branch, Nakuru Branch, Olkaria Branch, Eldoret Branch, Kawi Centre (South B), Nairobi CBD and Embu.

Contacts: 0703024000/001