Financial Confidence
We build your financial confidence through affordable credit and access to a range of affordable loan solutions.
Access flexible loan solutions designed to support your personal, family, housing, education, business, and other financial needs. Jachin Sacco provides a range of financing options to help members achieve their goals with confidence.
Loans Designed Around Your Financial Goals
Financial Solutions Built Around Your Needs.
We provide loan solutions designed to build your financial confidence through access affordable credit and access to a range of affordable loan products.
Access a range of loan products designed to support your personal, education, housing, agricultural, vehicle and other financial needs. With competitive interest rates and flexible repayment options, Jachin Sacco helps members move forward with confidence.
We Provide
Normal / Development Loan
The Normal/Development Loan is designed to help Jachin Sacco members finance personal, development, and other approved projects. Members can access financing of up to three times their total deposits, subject to the SACCO’s lending conditions and eligibility requirements.
Normal / Development Loan Features
- Maximum Loan Amount: Up to 3 times the member’s total deposits.
- Repayment Period: Up to 60 months.
- Interest Rate: 1% per month (12% per annum) on a reducing balance.
- Security: May be secured through guarantors, a title deed, or other acceptable collateral.
- Self-Guarantee: Terms and conditions for self-guaranteed loans apply.
- Eligibility: The member must meet the SACCO’s lending requirements, including the applicable membership period and repayment capacity.
We Provide
Shamba Loan
Turn your land and agricultural investment goals into reality with the Jachin Sacco Shamba Loan. This loan solution provides financing for eligible members seeking to acquire or develop land, with the property offered serving as security for the loan.
Shamba Loan Features
- Loan amount of up to 4 times the member’s deposits
- Repayment period of up to 96 months
- Minimum savings requirement of Kshs. 1,000,000
- Interest charged at 1% per month (12% per annum) on a reducing balance basis
- Original title deed must be surrendered for charging
- The charged property serves as collateral for the loan
- Valuation must be conducted by a valuer approved by Jachin Sacco
- All applicable legal, valuation, registration, and security-related costs are borne by the member
- Loan proceeds are disbursed as a lump sum directly to the seller
- Disbursement is made upon presentation of the duly charged title deed to Jachin Sacco for safe custody
We Provide
Nyumba Loan
Build, buy, or invest in your property with the support of Jachin Sacco’s Nyumba Loan. This loan solution is designed to help eligible members finance their housing and property needs, with loan amounts of up to four times their deposits and a repayment period of up to 96 months.
Nyumba Loan Features
- Loan amount of up to 4 times the member’s deposits
- Repayment period of up to 96 months
- Minimum savings requirement of KSh 1,000,000
- Interest charged at 1% per month (12% per annum) on a reducing balance basis
- The property offered serves as collateral, secured through the original title deed
- Loan proceeds are disbursed as a lump sum directly to the seller
- Property valuation and legal processes are handled through professionals approved by the Society
- The member bears all applicable valuation, legal, registration, and related security costs
We Provide
Car Loan
Make vehicle ownership more achievable with the Jachin Sacco Car Loan. This loan solution provides financing for eligible vehicle purchases, with the financed vehicle serving as security for the loan.
Car Loan Features
- Loan amount of up to 3 times the member’s deposits
- Financing amount must not exceed 60% of the vehicle’s value
- Repayment period of up to 60 months
- Interest charged at 1% per month (12% per annum) on a reducing balance
- The vehicle being financed serves as collateral
- The original log book must be surrendered to Jachin Sacco
- The vehicle must be comprehensively insured throughout the loan period
- The vehicle must not have been used locally
- All applicable legal, registration, and security perfection costs are borne by the member
We Provide
School Fees Loan
Make education expenses more manageable with the Jachin Sacco School Fees Loan. This loan solution provides financial support for approved education-related expenses, helping members meet school, college, university, and other learning costs.
School Fees Loan Features
- Loan amount of up to 50% of the member’s deposits, subject to review by the Board
- Repayment period of 12 months
- Interest charged at 1% per month (12% per annum) on a reducing balance basis
- Applicants must provide supporting documentation, such as a fees structure, proforma invoice, or demand note from the learning institution
- Loan approval remains subject to the Society’s eligibility assessment and discretion
We Provide
Emergency Loan
Get financial support when unexpected expenses arise. The Jachin Sacco Emergency Loan is designed to help members meet urgent financial needs while providing a short, manageable repayment period.
Emergency Loan Features
- Loan amount of up to 50% of the member’s deposits, subject to review by the Board
- Repayment period of 12 months
- Interest charged at 1% per month (12% per annum) on a reducing balance
- Loan approval remains subject to the Society’s assessment and discretion
- The Society reserves the right to approve or decline an application based on the applicable eligibility requirements
We Provide
Snap Loan
The Snap Loan is a short-term financing, loan solution, designed to provide eligible Jachin Sacco members with quick access to funds based on the dividends they earned in the previous calendar year.
Snap Loan Features
- Eligibility: Available to members who qualified for dividends in the previous calendar year.
- Maximum Loan Amount: Up to the amount of dividend earned in the previous calendar year.
- Savings Requirement: Members must be up to date with their monthly savings.
- Interest Rate: 3% per month at a fixed rate.
- Repayment Period: Repayable in 3 equal monthly instalments.
- Late Payment: An overdue instalment attracts a penalty of 10% per month.
- Default: In the event of default, the outstanding amount may be deducted from the member’s shares and subsequently reimbursed through the member’s dividend account.
We Provide
Self Guaranteed Loan
The Self-Guaranteed Loan allows eligible Jachin Sacco members to access financing using their own deposits as security. It provides members with a convenient borrowing option without the need for external guarantors, and subject to the SACCO’s lending policies and eligibility requirements.
Self Guaranteed Loan Features
- Maximum Loan Amount: Up to 90% of the member’s deposits.
- Interest Rate: 12% per annum.
- Repayment Period: Up to 60 months.
- Security: The loan is secured against the member’s deposits.
- Guarantors: External guarantors are not required, as the member’s deposits provide the security for the loan.
We Provide
Top Up / Refinance Loan
The Top-Up/Refinance Loan allows members with an existing Development Loan to access additional financing while refinancing their current loan facility. It is designed to provide continued access to funds while maintaining the existing loan repayment structure.
Top Up / Refinance Loan Features
- Loan Type: Available for Development Loans only.
- Interest Rate: 1% per month (12% per annum) on a reducing balance.
- Eligibility: The existing loan must have been repaid for at least 3 months, with all repayments for those 3 months being up to date.
- Repayment Period: The repayment period shall remain within the remaining term of the existing loan.
- Approval: The application is subject to Jachin Sacco’s applicable lending policies, eligibility requirements, and approval procedures.