Ammar Sacco Society

Development Loan

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Development Loan

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Get your Business Loan Locally

Online and mobile banking provide convenient access to your accounts, allowing you to check balances, make transfers, pay bills

business Loan get your education loan locally

Get your Business Loan Locally

Business loans in India can be availed in the range of Rs.50,000 and up to Rs. 75 Lakhs. These loan applications usually get approved fairly quickly and sans any hassle during promise of secured lending solutions when it comes to business loans.

A BETTER WAY TO GET LOAN

How it Works

Online and mobile banking provide convenient access to your accounts, allowing you to check balances, make transfers, pay bills

Secure International

Banks set interest rates based on factors like the federal funds rate supply and demand for savings.

Low Transaction Fee

Online and mobile banking provide convenient access to your accounts.

Fast Payment Method

The Federal Deposit Insurance deposits in participating banks $250,000 depositor per.

Dedicated Support Team

While a savings account is for storing money and earning interest.

DEVELOPMENT LOAN

About Development Loan

Designed to meet development needs of all sacco members.

Active account for at least three months.
Previous bank statement also considered.
A specific amount on investment deposit.
Flexible collateral.
Repayment period up to 36 months.
Very affordable interest rate.
Top up provision after reasonable repayment.

Apply now

Apply for a loan

Please fill the form below. We will get in touch with you within 1-2 business days, to request all necessary details

Varied offers for boundless ambitions

Business loans for everyone

Get business loan offers at great interest rates

No SSN or credit history required
Checking for rate won't impact credit score
No prepayment fees

Apply now

FAQ

Questions & Answers

Who Can Join Us?

Ammar Sacco has open membership. This is a great opportunity for anyone willing to save, invest or take loans for asset purchase, business growth, education etc.

How do I become a member?

Fill an account opening form and surrender a certified copy of ID and KRA Pin.

Pay Kshs.500 being membership registration fee.

Buy minimum share capital of 200 shares of Ksh.20 each worth Ksh.4000.

Commence monthly contribution to deposits.

Member Deposits (BOSA)

Every member of the Sacco must make regular contributions (at least monthly) to the deposits.

The deposits are member's savings hence one decides how much to save regularly.

Deposits are refundable when a member exits (withdraws) from the Sacco.

Deposits earn interest (dividends) as adopted by the ADM every year.

Deposits determine the borrowing level (as a multiplier) and the guarantee level for a member.

How to Qualify/ Apply for Loan?

Members can qualify to apply for loan after regular contribution for three months.

A member fills the loan application form provided and attaches the required documents.

Once processed the funds are deposited in the members FOSA account from where he/she can transact or issue further instructions.

Member commences repayment of loan.

Development Loan

Get your Business Loan Locally

Get your Business Loan Locally

A BETTER WAY TO GET LOAN

How it Works

Secure International

Low Transaction Fee

Fast Payment Method

Dedicated Support Team

DEVELOPMENT LOAN

About Development Loan

Apply for a loan

Varied offers for boundless ambitions

Business loans for everyone

Testimonials

Trusted by 2000+ Partners & Customers

FAQ

Questions & Answers

Who Can Join Us?

How do I become a member?

Member Deposits (BOSA)

How to Qualify/ Apply for Loan?