COSMO-PESA LOAN
1. Access the Loan on M-cosmo App or *882#
2. Receive money on M-pesa Wallet.
3. One must be a member for a period not less than three months
4. One can access a maximum of KShs.10, 000 subject to your deposits
5. The loan is payable within 30 days.
6. Interest 10% per month
WEZESHA LOAN
1) Loan given strictly within 2/3 of the salary.
2) Deducted through checkoff only.
3) Repayment period within 120 months.
4) Loan given to TSC, County and National Government Employees who are on permanent & pensionable terms only.
5) Payslip is the only security for this loan.
PREMIUM LOAN
1. Eligible for salaried members
2. Maximum deposit holdings five times subject to 2/3 rule.
3. Repayment period maximum 120 months.
RENT SOLUTION LOAN
1) Targets landlords who have the ability to repay the loan
2) Repayment period maximum 48 months
ARDHI LOAN
1. Repayment Period is 10 years for salaried members and 7 years for all cash members.
2. Member must have saved with the Sacco for not less than 3 months.
COSMO HOME LOAN
1) Repayment period is 15 years for salaried members and 10 years for all cash members.
2) Member to avail one year bank statement to assess their liquidity.
3) Security of the loan will be the house and the land occupied.
FOSA LOAN
1. 5 times member deposits subject to 2/3 rule.
2. Repayment period within 48 months.
3. Salary must pass through Fosa.
DEVELOPMENT LOAN
1) 5 times member deposits subject to 2/3 rule.
2) Repayment period within 72 months.
JIJENGE LOAN
1. 5 times member deposits.
2. Salary must pass through Fosa.
3. Other sources of income must pass through Fosa.
4. Repayment period within 48 months.
REFINANCING LOAN
1. Within the remaining period of repayment of the major loan.
2. Multiplying factor is as per the major loan less the loan balance.
EDUCATION LOAN
1) 5 times member deposits subject to 2/3 rule.
2) Repayment period within 18 months.
EMERGENCY LOAN
1. 5 times member deposits subject to 2/3 rule.
2. Repayment period within 12 months.
PENSIONER LOAN
1) 5 times member deposits.
2) Maximum repayment period within 120 months.
CHAMA LOAN
1. 5 times chama deposits
2. Repayment period within 60 months.
3. Collaterals can be used.
4. Minutes of the group be attached to the application.
BIASHARA LOAN
1) 4 times member deposits.
2) Collaterals can be used.
SALARY ADVANCE
1. Salary must pass through FOSA
2. Repayment period within 12 months.
SALARY-IN-ADVANCE
1) Salary must pass through FOSA.
2) Repayment period within 1 month.
PENSION ADVANCE
1. Pension salary must pass through FOSA.
2. Guaranteed by a member with sacco deposits.
FIXED DEPOSIT ADVANCE
1) Must have fixed deposit account.
2) Fixed deposit advance to a maximum of 300,000/=.
BUILDING FINANCING LOAN
1. Repayment period is 15 years for salaried members and 10 years for cash members.
2. Member to provide 1 year bank statement.
1. Access the Loan on M-cosmo App or *882#
2. Receive money on M-pesa Wallet.
3. One must be a member for a period not less than three months
4. One can access a maximum of KShs.10, 000 subject to your deposits
5. The loan is payable within 30 days.
6. Interest 10% per month
WEZESHA LOAN
1) Loan given strictly within 2/3 of the salary.
2) Deducted through checkoff only.
3) Repayment period within 120 months.
4) Loan given to TSC, County and National Government Employees who are on permanent & pensionable terms only.
5) Payslip is the only security for this loan.
PREMIUM LOAN
1. Eligible for salaried members
2. Maximum deposit holdings five times subject to 2/3 rule.
3. Repayment period maximum 120 months.
RENT SOLUTION LOAN
1) Targets landlords who have the ability to repay the loan
2) Repayment period maximum 48 months
ARDHI LOAN
1. Repayment Period is 10 years for salaried members and 7 years for all cash members.
2. Member must have saved with the Sacco for not less than 3 months.
COSMO HOME LOAN
1) Repayment period is 15 years for salaried members and 10 years for all cash members.
2) Member to avail one year bank statement to assess their liquidity.
3) Security of the loan will be the house and the land occupied.
FOSA LOAN
1. 5 times member deposits subject to 2/3 rule.
2. Repayment period within 48 months.
3. Salary must pass through Fosa.
DEVELOPMENT LOAN
1) 5 times member deposits subject to 2/3 rule.
2) Repayment period within 72 months.
JIJENGE LOAN
1. 5 times member deposits.
2. Salary must pass through Fosa.
3. Other sources of income must pass through Fosa.
4. Repayment period within 48 months.
REFINANCING LOAN
1. Within the remaining period of repayment of the major loan.
2. Multiplying factor is as per the major loan less the loan balance.
EDUCATION LOAN
1) 5 times member deposits subject to 2/3 rule.
2) Repayment period within 18 months.
EMERGENCY LOAN
1. 5 times member deposits subject to 2/3 rule.
2. Repayment period within 12 months.
PENSIONER LOAN
1) 5 times member deposits.
2) Maximum repayment period within 120 months.
CHAMA LOAN
1. 5 times chama deposits
2. Repayment period within 60 months.
3. Collaterals can be used.
4. Minutes of the group be attached to the application.
BIASHARA LOAN
1) 4 times member deposits.
2) Collaterals can be used.
SALARY ADVANCE
1. Salary must pass through FOSA
2. Repayment period within 12 months.
SALARY-IN-ADVANCE
1) Salary must pass through FOSA.
2) Repayment period within 1 month.
PENSION ADVANCE
1. Pension salary must pass through FOSA.
2. Guaranteed by a member with sacco deposits.
FIXED DEPOSIT ADVANCE
1) Must have fixed deposit account.
2) Fixed deposit advance to a maximum of 300,000/=.
BUILDING FINANCING LOAN
1. Repayment period is 15 years for salaried members and 10 years for cash members.
2. Member to provide 1 year bank statement.
