Mhasibu Sacco Society Limited

Absa Towers, 8th Floor

+254 020 5141900

info@mhasibusacco.com

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Borrow from Us ?

Quick Loans

Rahisi Loan

Product Features
  • Maximum amount is KEs 1,000,000.
  • Repayment period of 24 months.
  • Interest rate at 10%
  • One off convenience charge of 1% at disbursement.
  • Maximum amount shall be within your free deposits.
Benefits
  • Quick processing.
  • High approval rates.
  • Short repayment period which translates to less interests.
  • Possible disbursement via M-Pesa account.
  • No processing interest.

Mobi Loan

Requirements

You need to be a Sacco member for six months and have met the loan eligibility criteria

Features
  • Members with KES. 50,000 and below will now be able to access up to KES 10,000 first borrowing and a graduation of KES. 5,000 as they grow their deposits.
  • Members with deposits of KES. 500,000 – 1,000,000 will now be able to graduate by KES. 20,000.
  • Members with deposits of KES. 1,000,000 and above will now be able to access 100,000 on their first borrowing and graduate by KES. 20,000.
  • The Mobi loan interest is still very low at 5% p.m.
  • The repayment period has now been increased to 6 months.

Short Term Loans

The Benefits
  • Quick processing
  • High approval rates
  • Short repayment period which translates to less interests.
  • Possible Disbursement via M-Pesa account
  • No processing fees
Mobi Loan

We understand members need for convenience and instant access any time everywhere through the web portal link

Features

  1. Maximum limit KES 250,000
  2. The Mobi loan interest 5% p.m.
  3. The repayment period 6 months.
  4. Loan offset charge on outstanding loan is 5%
  5. Members with KES. 50,000 and below will now be able to access up to KES 10,000 first borrowing and a graduation of KES. 5,000 as they grow their deposits.
  6. Members with deposits of KES. 500,000 – 1,000,000 will now be able to graduate by KES. 20,000.
  7. Members with deposits of KES. 1,000,000 and above will now be able to access 100,000 on their first borrowing and graduate by KES. 20,000.
Self-Guaranteed Loan

It’s now easy and convenient! Members applying will ONLY be required to submit the self-guaranteed loan application form and attach ONLY a Copy of their ID for processing
Features

  1. Interest rate at 11% p.a.
  2. Repayable within a period of 60 months
  3. Maximum loan shall be 95% of own deposit
  4. Loan is advanced within the members deposits.
  5. Member should not have guaranteed other members.
  6. If a member has guaranteed a loan, they will be required to have their loan guaranteed.
Rahisi Loan

The Rahisi loan product accessible instantly through the web portal link. It is easier and more secure!

Features

  1. Interest rate at 10%.
  2. Maximum repayment period of 24 months.
  3. Maximum amount increased to KES 1,000,000
  4. One off convenience charge of 1% at disbursement.
  5. Maximum amount shall be within your free deposits.
  6. Loan offset charge on outstanding loan is 5%
  7. Accessible to new members after 3 months of good standing
Swift Loan

We have a clear understanding that Emergencies are inevitable and School fees too can be burdensome on the family budget. We make it possible for you to swiftly overcome the hurdles.

The swift loan product is designed to assist members meet urgent financial obligations e.g school fees and medical bills and other unforeseen circumstances.

Features

  1. Interest rate at 10%
  2. Maximum repayment period of 24 months.
  3. Maximum amount KES 1,000,000
  4. One off convenience charge of 1% at disbursement.
  5. Maximum amount shall be within your free deposits.

Benefits

  1. Quick processing.
  2. Fast approval rate.
  3. Short repayment period which translates to less interest.
  4. Possible disbursement via the M-Pesa account.
  5. No processing fee.
Short Term Loan

Features

  • Interest rate at 11%.
  • Maximum repayment period of 12 months.
  • Loan must be fully secured

Benefits

  1. Quick processing.
  2. Fast approval rate.
  3. Short repayment period which translates to less interest.
  4.        No processing fee.
Home Care Loan

For all your appliances and home improvement needs.

If you love it lighten it up. Everyone needs a smart home and smart things is the easy way to turn your home smart. Do you need financing to equip your homes with quality appliances?

The Sacco has partnered with authorized suppliers to sell specified home appliances and equipment to Mhasibu Sacco members at a negotiated price.

Features

  1. The Sacco will finance purchases at 1% per month for a period of upto 1 year.
  2. Maximum amount is KES 100,000.
  3. The loan should be fully secured.
  4. Items include but not limited to home equipment and appliances.

 Benefits

  1. Items can be purchased and paid for a period of 12 months.

Looking for Extra Info?

Be part of the winning dream team today. Allow us to help you leap to your next level.

Mhasubu sacco products catalog

Long Term Loans

The Benefits
  • Competitive rates &  No processing fees
  • 1-month grace period on the 1st installment, if loan is issued after 15th of the month. Interest accrues from the date of disbursement.
  • Manageable repayment amounts & Longer repayment period
  • No penalties for early loan clearance & Maximum loan borrowing is 50 million.
Normal Loan

This is an all-purpose loan facility advanced to all Members for improvement, development or investment. Best for first time borrowers who are looking into paying a long-term loan within a shorter period.

Features

  1. Repayment period of 72 months.
  2. Interest rate of 12% p.a on reducing balance.
  3. Maximum entitlement is 4 times total deposits plus shares. (Current Offer is 5 times)
  4. Guarantors and acceptable collaterals required.
  5. You can offset other loans with the Sacco at 5%
  6. Terms and conditions on self- guarantee apply.

Benefits

  1. Competitive rates.
  2. No processing interest.
  3. Interest is on reducing balance
  4. 1-month grace period if loans issued after 15th of the month.
  5. Manageable repayment amounts.
  6. Longer repayment period.
  7. No penalties for early loan clearance.
Asset Loan

MOTOR VEHICLES FINANCING

As we grow, we continue to grow and diversify our product portfolio to meet your expectations. Members can now access Commercial vehicle financing under asset loan to make it possible for them to boost their finances. Mhasibu Motor Vehicle Finance allows you own a motor vehicle that you might not be able to otherwise afford.

Features

  1. Maximum entitlement is 4 times total deposits plus shares. (Current Offer is 5 times)
  2. Repayment period of 48 months.
  3. Interest rate at 13% a on reducing balance.
  4. Financing of up to 75% for used vehicles and 90% for new vehicles respectively.
  5. Motor vehicle should not be more than 10 years of age from Date of Manufacture.

Benefits

  1. The logbook can be used as collateral.
  2. Insurance can be acquired through the Sacco.

Our Partners

  1. CFAO (Toyota Kenya)
  2. Maridady Motors
  3. Taraji Motors
  4. Motorshop Dealers
Gold Loan

Are you looking for something golden? Look around us; we have it.

The Gold loan is a product intended to empower members to undertake development projects with long term benefits e.g. Business ventures and other investments.

Features

  1. Repayment period of 96 months.
  2. Interest rate of 14% p.a on reducing balance.
  3. The maximum entitlement is 4 times the total deposits plus shares. (Current Offer is 5 times)
  4. Guarantors and acceptable collaterals required.
  5. You can offset other loans with the Sacco at 5%
  6. Terms and conditions on self- guarantee apply

Benefits

  1. Manageable repayment amounts.
  2. Longer repayment period.
  3. Interest is on a reducing balance.
Plot Buying Loan

We’ll empower you acquire land for future development more conveniently.

Financing Land from MHCL (Mhasibu Housing Company Ltd.) and Other Vendors.

Land financing is available for members who want to use the title as security.

Features

  1. Must be a member of the Sacco for a minimum of 6 Months.
  2. Loan term is maximum of 60 months.
  3. Payments to be channelled directly to Mhasibu Housing/the other Vendor
  4. Financing is at 100%.
  5. Interest rate is at 12% p.a
  6. Asset financed up to 4 times members savings. (Current Offer is 5 times)
  7. The applicant will be required to submit title deed/Completion Certificate for land acquired through MHCL.
  8. The applicant must submit the original title deed and any other relevant documents for land acquired through other vendors.
  9. The member is required to initiate the release of the collateral upon clearance of the loan.
  10. All charges to be borne by the member.
Top Up Loan

Don’t let your projects stall because you have exhausted your financing and still have a running loan.
Top Up loan is tailored to satisfy members who need extra financing after taking up a Normal/Gold loan and there is still need for more project funds.

Features

  1. The maximum entitlement is 4 times the total deposits plus shares less any outstanding loans. (Current Offer is 5 times)
  2. Interest rate is 12% p.a reducing balance.
  3. Repayment period 60 months on reducing balance
  4. Guarantors and acceptable collaterals required.
  5. Terms and conditions on self-guarantee apply.
Morgage Loan
  1. Access up to 8 times your deposits plus share capital
  2. Financing is 100%
  3. Repayment period up to 15 years
  4. Financing is for ready units
  5. Security shall be the property
Equity Release

• This product is for members who wants to use complete houses as security for the loan
• Should have been a member for 2 years
• Maximum period of 12 years.
• Interest rate of 14% p.a.
• Multiplier of 8 times the deposits.
• Security shall be the complete house

Looking for Loan Collateral Info?

Acceptable loan collateral