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New M-Hasibu Pro App — download on Play Store & App Store
Products Instant Rahisi Loan up to KES 1M — apply via portal
Open Membership now open to all Kenyans and the Diaspora
USSD Bank on the go with *657#

Home / Products / FOSA / Salary Advance

Before Payday

Salary Advance

A short-term cash cushion until your next payday.

The Salary Advance is a short-term loan for members whose salaries are paid through their current account with the Sacco.

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Up toKES 200,000
Repay over3 months
Maximum amountUp to KES 200,000
Interest rate1.5% per month
Repayment periodUp to 3 months

Key features

  • Borrowing limit: access up to 50% of your net salary (the lowest of your last three months).
  • Salary history: your salary must have passed through the Sacco for at least 3 months.
  • Processing charge: 1% one-off, recovered upfront from the loan.
  • Loan entitlement: up to 10 times your deposits plus share capital.
  • Loan insurance: 0.5%.

Who can apply

Salary through the Sacco

Available to all members whose salaries are paid through their current account with the Sacco.

More in FOSA

FOSA AccountA zero-maintenance account for your daily transactions.
Salary Check-Off LoanLong-term financing of up to KES 5,000,000 for salaried members.
Business Loan (Biashara)Business financing for members whose income flows through the Sacco.
Lipa na MhasibuReceive customer payments straight into your FOSA account.
Bank anywhere. No paperwork.Join online, then manage everything from your phone or computer.
M-Hasibu Pro AppMembers PortalUSSD *657#
Need help choosing?Call 020 514 1900 or email info@mhasibusacco.com
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