Loans
Our Loan Products
Flexible Financing for You
Energy Sacco offers a range of loan products designed to meet diverse financial needs. From emergency loans to business expansion, we provide solutions that help you achieve your financial goals.
Normal Loans
Choose from our Normal Loan options tailored to suit your needs with repayment terms of 36, 48, 60, or 72 months. Interest rates are competitive at 1% for 36 and 48 months, and 1.2% for 60 and 72 months, calculated on a reducing balance method. Members qualify for up to four times their deposit, and the 1/3 basic rule applies to ensure manageable repayments.
Emergency Loans
Our Emergency Loan is designed to help members manage unforeseen situations with ease. Choose between a 12-month option at 1% interest or a 24-month option at 1.33% interest, both on a reducing balance. Supporting documents are required to ensure prompt processing and approval.
School Fees Loan
Our School Fees Loan is designed to help members cover educational expenses with ease. Repayable within 12 months, it features an interest rate of 0.83% per month on a reducing balance. Supporting documents are required during application to ensure smooth processing and approval.
Huduma Top-Up Loan
The Huduma Top-Up Loan is available to members with an existing Huduma loan who have repaid at least half of the original loan amount. This loan offers extended financial flexibility, featuring a repayment term of up to 72 months and a competitive interest rate of 1.5% per month. It's the perfect solution for members looking to access additional funds while managing their existing obligations seamlessly.
Refinancing Loan
Our Refinancing Loan is designed to provide additional financial support to members who already have an existing normal loan. This loan helps members accomplish the original purpose of their normal loan without interruptions. With a repayment period of 24 months and a competitive interest rate of 1.5% per month, this product ensures flexibility and convenience for our members. It’s the perfect solution for bridging financial gaps and achieving your goals with ease.
Huduma Loan
The Huduma Loan is tailored for members who wish to clear their outstanding normal loan after repaying at least half of the original loan amount. With an interest rate of 1.5% per month, this loan offers flexibility by allowing members to take home the difference between the outstanding loan balance and the approved loan amount. The repayment term extends up to 60 months, providing manageable and convenient repayment options.
Techno Loan
The Techno Loan is designed to help members acquire essential technical equipment, such as laptops, TVs, fridges, cookers, and motorcycles. With an affordable interest rate of 1.1% per month and a repayment period of up to 24 months, this loan provides a convenient way to access the tools and appliances you need to enhance your lifestyle or productivity.
Ji-inue Loan
The Ji-inue Loan is tailored for members looking to boost their businesses or complete unfinished projects. With an interest rate of 1.5% per month and a repayment period of up to 36 months, this loan provides the financial support you need to achieve your goals and elevate your business or project to the next level.
Bima Loan
The Bima Loan is designed to help members secure comprehensive motor vehicle or medical insurance through our partnership with CIC. With a maximum loan amount of Ksh. 150,000, an interest rate of 0.8% per month, and a repayment period of 12 months, this loan ensures peace of mind. The funds are paid directly to the insurance provider for your convenience.
Booster Loan
The Booster Loan helps members instantly increase their deposits to qualify for a desired loan amount immediately. With a maximum boost of Ksh. 100,000, an interest rate of 1.3% per month, and a repayment period of 36 months, this loan ensures quick access to financing. A 5% commission is deducted upfront for processing.
Corporate Loan
The Corporate Loan is tailored to meet the financial needs of corporate members and chamas. Members qualify for up to three times their deposit, with a maximum repayment period of 48 months and an interest rate of 1.6% per month. It’s the ideal solution for group and organizational financial growth.
Energy Insta Cash Loan
The Energy Insta Cash Loan provides quick and convenient access to funds directly through your registered mobile number with the Sacco. Members can borrow up to Ksh. 20,000 to cover urgent needs or short-term expenses. This loan features a one-time upfront interest rate of 10% for a 60-day repayment period, making it a hassle-free and affordable solution. With an easy application process, simply dial * 276*17# on your mobile phone and follow the prompts to access your loan instantly. Loan Code: 30, with intervals of 2 for added flexibility.
