Emergency loans are loans taken for quick responds to needs such as Medical bills ,School fees, damages ,death etc.
Are you a Kenyan looking for a Sacco that can hold your hand in times of emergency. You might require emergency loans in situations that require quick responses. In this post am going to highlight on the best emergency loan products provided by the leading saccos in kenya. If interested to join a sacco , this is an overview for you , choose the best for your needs.
This is the list of Saccos in Kenya that offer the best emergency loans in Kenya in the shortest time possible, reasonable amount and at a reasonable interest rates.
- Sheria Sacco Emergency loans
- Nyati Sacco Emergency loans
- 2NK Sacco Emergency loans
- Kenya Police Sacco Emergency loans
- Kimsitu Sacco Emergency loans
- Hazina Sacco Emergency loans
- Stima Sacco Emergency Loans
- Mwalimu Sacco Emergency loans
List of Top Sacco's With Best Emergency loans Products In Kenya.
Sheria Sacco Emergency Loans
Sheria Sacco gives emergency loans to its members in the shortest time possible up to ksh 12 million.
Interest rates charged is 1% pm on reducing balance with a maximum repayment period of 12 months.
The mode of recovery for the loan is Checkoff and standing order
The loan is fully granted by deposits. This loan can be toped up.
Nyati Sacco Emergency Loans
Nyati sacco provides emergency loans to its members within a period of 3 days.
Maximum repayment period is 12 months
Interest rate is 1.2% pm on reducing balance.
Maximum amount eligible is 3 times deposits
A minimum of 2 guarantors are required.
2NK Sacco Emergency Loans
2NK sacco provides emergency loans to its members up to ksh 200,000 with a long repayment period plan
The loan is secured by guarantee from qualified members.
Kenya Police Sacco Emergency Loans
Kenya Police Sacco gives its members emergency loans in times of quick response to emergencies such as Hospital bills , School Fees etc. The members can get up to 3 times members deposits with a repayment period of 12 months.
Interest rates charged is 13.5% on reducing balance.
The loan is processed within 8 hours
Interest rate is 1% per month on reducing balance
No document evidence is required.
The loan is also given to salaried members who have completed probation.
Interest rate charged is 1% per month flat rate
Repayment period is maximum 12 months
Repayment mode is through Checkoff and internal standing order.
The loans here are given up to 5 times member deposits with a 1/3 salary rule.
Interest rate is 1% pm on reducing balance
Loan is payable within 24 months
The loan is processed within the shortest time possible.
Hazina Sacco Emergency Loans
Hazina Sacco provides emergency loans to its members up to 4 times member's deposits with a maximum repayment period of 12 monthsInterest rate is 1% per month on reducing balance
No document evidence is required.
Stima Sacco Emergency Loans
Stima Sacco Provides emergency loans to its members with 3 months uninterrupted regular contributions.The loan is also given to salaried members who have completed probation.
Interest rate charged is 1% per month flat rate
Repayment period is maximum 12 months
Repayment mode is through Checkoff and internal standing order.
Mwalimu National Sacco Emergency Loans
The loans here are given up to 5 times member deposits with a 1/3 salary rule.Interest rate is 1% pm on reducing balance
Loan is payable within 24 months
The loan is processed within the shortest time possible.
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