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
KES15,159
KES17,600
KES32,760
KES2,624,881
2026
KES21,674
KES22,004
KES43,680
KES3,278,936
2027
KES23,472
KES20,205
KES43,680
KES3,007,301
2028
KES25,421
KES18,257
KES43,680
KES2,713,119
2029
KES27,531
KES16,148
KES43,680
KES2,394,518
2030
KES29,815
KES13,861
KES43,680
KES2,049,476
2031
KES32,290
KES11,388
KES43,680
KES1,675,795
2032
KES34,971
KES8,707
KES43,680
KES1,271,098
2033
KES37,874
KES5,805
KES43,680
KES832,810
2034
KES41,018
KES2,659
KES43,680
KES358,147
2035
KES10,776
KES144
KES10,920
KES10,824

Amortization Chart

Created with Highcharts 10.1.0BalanceInterestPrincipal20252026202720282029203020312032203320342035KES0KES10,000KES20,000KES30,000KES40,000KES50,000Highcharts.com