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.