FOSA Products
FOSA Loan
Maximum Repayment Period: 24 Months
Processing Period: Within 4 Hours
Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
Requirements: Latest Payslip, Duly filled and signed Loan application Form
Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
Multiplier: 10 times your Non-withdrawable Deposits.
NB: *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
FOSA Plus Loan
Repayment Period: 12 Months
Processing period: Within 4 Hours
Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
Documents: Latest Payslip, Duly filled and signed Loan Application Form
Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
Multiplier: 10 times your Non-withdrawable Deposits.
NB: *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
Progressive Loan
Repayment Period: 48 Months
Processing Period: Within 1 month
Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
Requirements: Latest Payslip, Duly filled and signed Loan application Form
Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
Multiplier: 10 times your Non-withdrawable Deposits.
NB: *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
Akiba Loan
Repayment Period: 24 Months
Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
Security: Non-withdrawable Deposits, Salary, Savings, Akiba Savings, Guarantors and Sacco acceptable tangible securities.
Processing Period: Within 4 Hours
Requirements: Latest Payslip, Duly filled and signed Loan application Form
Mutiplier: 2 times your Akiba Savings.
Empowerment Loan
Repayment Period: 72 Months
Processing Time: Within 1 Month
Qualifications: Ability to Repay Subject to 30% of net monthly salary from employer
Requirements: Latest Payslip, Duly filled and signed Loan application Form
Security: Non-withdrawable Deposits, Salary, Savings, Guarantors and Sacco acceptable tangible securities.
Multiplier: 10 times your Non-withdrawable Deposits.
NB: ***Salary Earners with a Maximum monthly gross Salary of KES 28,000. *** Salary should have been paid through FOSA for atleast 3 Consecutive months.
