Empowering Your Vision with Low-Interest Credit Solutions

Thinking about your financial future? Our Loan products get you one step closer to where you want to be

Discover Our Loan Products

At Bilal Sacco Society Limited, we understand that financial needs vary. That’s why we offer a range of loan products tailored to meet your specific requirements. Whether you’re looking to invest in your future, address urgent needs, or support your education, we have the right loan for you.
Minimum Criteria for Applicants

General Eligibility Checklist

Before submitting your loan application to the Credit Committee, please ensure you satisfy all the baseline criteria below:

Registered & Active Membership Status

You must be an officially registered and active member of Bilal Sacco Limited to qualify for any of our credit products.

Minimum Waiting Period (6 Months)

Applicants must have completed a minimum membership contribution period of six consecutive months as per the SACCO policy before being eligible to apply for loans.

Fully Paid Share Capital

You must have fully paid up your mandatory share capital, which consists of purchasing 250 shares at Kshs. 20 each (equivalent to Kshs. 5,000 payable within six months).

Regular & Uninterrupted Savings

Members must maintain regular, consistent monthly savings contributions of at least Kshs. 1,000 to remain compliant and eligible for credit

Good Credit History & No Arrears

You must demonstrate a clean financial record with a good credit history, meaning you have no outstanding loan arrears, active defaults, or unpaid balances within the Sacco.

Qualifying Savings Multiplier

The total loan amount applied for must be within your qualifying savings multiplier, meaning your eligible limit is calculated strictly based on your accumulated deposits.

Criteria for Applicants

Documentation to Attach

To facilitate fast, month-end verification and avoid application deferral, please attach the appropriate documents based on your loan type:

  • Income Verification: Certified proof of income such as your latest payslips or official bank statements.
  • Development Projects: A comprehensive project proposal or official supplier quotations.
  • Education Expenses: An official fee structure, invoice, or fee balance report from the school, alongside proof of student admission.
  • Emergency Cases: Relevant medical documents, bills, or evidence of the calamity.
Long-Term & Mid-Term Loans (1.5% Interest Tier)

Development, Emergency & Education Loans

This credit facility is strictly granted to help you invest in milestones that enhance your economic status and long-term repayment capacity.

Development Loan

Designed to help you build lasting assets and fund income-generating projects.

Interest Rate: 1.5% per month on a reducing balance.
Repayment Period: Up to 36 months.
Key Condition: Funds must be used strictly for the approved project, and disbursements may be phased based on progress.

Emergency Loans

Fast credit response for urgent life situations.

Interest Rate: 1.5% per month on a reducing balance.
Repayment Period: Up to 12 months.
Emergency Coverage: Specifically granted for sickness, funerals, or other sudden calamities.

Education Loans

Reliable credit financing for family school fees and academic expenses.

Interest Rate: 1.5% per month on a reducing balance.
Repayment Period: Up to 12 months.
Education Direct Pay: Where applicable, Sacco payments may be disbursed directly to the educational institution.
Required Documents: Fee structure, school invoice, and proof of student admission or enrollment must be provided.
Short-Term & Specialty Loans

INSTANT, phone, jisitiri, eid & christmas Loans

This credit facility is strictly granted to help you invest in milestones that enhance your economic status and long-term repayment capacity.

Instant Loans

Fast access to cash with minimal processing times.

Interest Rate: 5% per month on a reducing balance.
Repayment Period: Strictly 6 months

Phone Loans

Spread the cost of vital digital communication devices over time.
Interest Rate: 2% per month.
Repayment Period: Up to 12 months.
Condition: Restricted to the exact cost of the device, with payment made directly to the approved vendor.

Apply for the phone loan here

Jisitiri Loans – Emergency Relief for Members Facing Sudden Hardship.

A rapid relief cushion to support members facing sudden distress or basic needs hardships

Interest Rate: 2% per month.
Repayment Period: Max 3 months.

Festive Season Loan

Designed to ease your cash flow so you can meet and enjoy seasonal festive obligations.

Interest Rate: 2% per month.
Repayment Period: Up to 12 months

Ready to Apply for Your Loan?

Download and fill the loan application form below

Download Loan Application Form

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