Mega Loan. Repayment period is 72 months. 3 times members deposits. Interest rate is 15% on reducing balance. Salary must pass through POFOSA. Minimum deposit contribution of KES 300,000. Monthly deposit contribution of 12% of basic salary. Deposit the money to your POFOSA account through Paybill 169500, Account number 502-0XXXXX-00. For loan repayment dial *346# and select option 3 Loans, then option 1 Loan repayment and for deposits and UBF dial *346# and select option 4 BOSA transfer.

Today, we are going to share different types of Kenya Police Sacco Loans. It’s without a doubt that Kenya Police Sacco is one of the best Saccos in Kenya. The Sacco was started in 1972 with 690 members and the figure has since grown to 63k.

Kenya Police Sacco offers a wide range of loans and they are issued through POFOSA. Below are 6 types of Kenya Police Sacco loans that may be of great help to anyone who wants to save with them.

Types of Kenya Police Sacco Loans (2020 Update)

1. Mega Loan

The repayment period is normally 72 months and the loan is 3 times of what a member has deposited. Also, their interest rate is 15% on reducing balance and salary must be paid through POFOSA. The minimum deposit contribution is Ksh. 300,000 and 12% is the monthly deposit contribution of your basic salary.

2. Super Loan

The repayment period is normally 60 months and the loan is 3 times of what a member has deposited. Super loan interest rate is 14.4% on reducing balance.

3. Normal Loan

The repayment period is 48 months and the loan is 3 times of what a member has deposited. The interest rate is 13.5% on reducing balance.

4. Refinancing Loan

The repayment period is 48 months and the loan is 3 times of what a member has deposited. The interest rate is 13.5% on reducing balance.

5. Emergency Loan

The repayment period is 12 months and the loan is 3 times of what a member has deposited. The interest rate is 13.5% on reducing balance.

6. School Fees Loan

The repayment period is 12 months and the loan is 3 times of what a member has deposited. The interest rate is 13.5% on reducing balance.

Kenya Police Sacco Contacts

Tel: 0709 825 000

Email: info@policesacco.com

We hope that this post about 6 types of Kenya Police Sacco loans has been of great help to you.