FOSA Loans
This is a personal loan granted to employees whose salary is processed through Centenary Sacco FOSA account.
Salary Loans
This is a personal loan granted to employees whose salary is processed through Centenary Sacco FOSA account.
- Loan is eligible to sacco members whose salaries have been channeled through centenary sacco for atleast 1 month.
- Maximum loan granted is 9 times of 2/3 net pay.
- The maximum repayment period of 12 months
- Attach copies of original stamped payslips and must be endorsed by the employer.
Salary Advance
This is a short term loan granted to employees whose salary is processed through Centenary Sacco FOSA Account.
- Maximum advance granted is 3 times 2/3 net pay with a maximum repayment period of 6 months.
- Attach copies of original stamped payslips.
- This loan must be endorsed by the employer.
This is a short term loan granted to employees whose salary is processed through Centenary Sacco FOSA Account.
Jifunze Junior Loan
FOSA short term loan granted to Sacco members with active jifunze junior account to enable them finance education of their children.
- 80% school fees to be financed to Maximum amount 100,000
- Maximum payment period 12 months
- Jifunze account to be active for at least four month.
- Benefit – free bankers cheque
FOSA short term loan granted to Sacco members with active jifunze junior account to enable them finance education of their children.
Short term loan granted to employee whose salary is processed in centenary FOSA account.
Salary Overdraft
Short term loan granted to employee whose salary is processed in centenary FOSA account.
- Maximum overdraft granted is half the net pay in the FOSA account.
- Loan is advanced after 15th day of every month and is fully recovered upon receipt of that month pay.
Long term salary loan advanced to permanent and pensionable employees whose salary has been processed through the FOSA account in centenary Sacco for minimum 3 months.
Classic Loan
Long term salary loan advanced to permanent and pensionable employees whose salary has been processed through the FOSA account in centenary Sacco for minimum 3 months.
- Maximum loan granted is kshs 1,000,000
- Maximum repayment period is 60 months
- Loan security is guarantors, employment benefits and other accepted member assets.
Check of Loan
Long term salary loan advanced to permanent and pensionable employees with a direct check off from the employer
- Current payslip only.
- No guarantors
Long term salary loan advanced to permanent and pensionable employees with a direct check off from the employer