EMERGENCY LOAN

Get a quick loan if you get an emergency

The Emergency/Instant Loan product from Sacco provides a financial lifeline to members during unforeseen situations or immediate financial needs. These loans are designed for quick processing and disbursement, ensuring you have the funds you need, when you need them.

Product Features

  • Quick processing and disbursement, typically within 24 hours.

  • No collateral required, as the loan is based on a member's savings.

  • The maximum loan amount is determined by a member's savings and ability to repay.

  • Competitive interest rates, making it an affordable emergency funding option.

  • Flexible repayment terms to ease the financial burden during emergencies.

  • The loan can be used for any kind of emergency, such as medical expenses, urgent repairs, or unexpected bills.

Requirements

  1. To qualify, one must be an active member with regular savings contributions.

  2. Members should have a good repayment history for previous loans, if any.

  3. Show proof of the emergency or urgent financial need.

  4. Proof of ability to repay the loan within the stipulated timeframe.

In times of financial stress, the Sacco Emergency/Instant Loan product is there to provide much-needed relief. With fast processing and competitive rates, members can get through their financial emergencies with minimal disruption.

Monthly EMI

Emegency Loan Calculator

Loan Amount

KES
300000

Loan Years

10
Years

Interest Rate

8
%

Monthly Interest KES3,639.83

Total Interest KES136,779.34

Total Amount Payable KES436,779.34

Amortization Schedule

Year
Principal (A)
Interest Paid (B)
Total Payment (A + B)
Balance
2025
KES20,416
KES23,262
KES43,680
KES3,468,914
2026
KES22,111
KES21,567
KES43,680
KES3,213,045
2027
KES23,944
KES19,733
KES43,680
KES2,935,939
2028
KES25,933
KES17,745
KES43,680
KES2,635,835
2029
KES28,086
KES15,594
KES43,680
KES2,310,819
2030
KES30,415
KES13,260
KES43,680
KES1,958,830
2031
KES32,940
KES10,738
KES43,680
KES1,577,625
2032
KES35,675
KES8,003
KES43,680
KES1,164,781
2033
KES38,638
KES5,042
KES43,680
KES717,668
2034
KES41,843
KES1,834
KES43,680
KES233,449

Amortization Chart

Created with Highcharts 10.1.0BalanceInterestPrincipal2025202620272028202920302031203220332034KES0KES10,000KES20,000KES30,000KES40,000KES50,000Highcharts.com