Haki Tume Sacco

Transparent Loan Terms & Conditions

All loans carry a clear 12% Annual Percentage Rate (APR). See exactly what your loan will cost before you apply.

All Loan Products: 12% APR

Monthly rate: 1% | Transparent pricing with no hidden fees

Our Loan Products

Four flexible loan options to meet your financial needs

Loan Product Interest Rate Maximum Amount Repayment Term Monthly Payment Example*
Development Loan 12% APR Up to 3x your contributions Up to 60 months KSh 1,944
Emergency Loan 12% APR Up to KSh 200,000 12 months KSh 8,885
School Fees Loan 12% APR Up to KSh 100,000 12 months KSh 8,885
Multiple Loan Facility 12% APR Combination of above Varies Combined payments

*Monthly payment examples based on KSh 100,000 loan at 12% APR

Detailed Loan Terms

Complete information for each loan product

Development Loan

Loan Details
Interest Rate: 12% APR (Annual)
Maximum Amount: Up to 3x your total contributions
Minimum Amount: No fixed minimum
Repayment Term: Up to 60 months (5 years)
Processing Fee: Applied as % of loan amount
Approval Time: 5-10 business days
Early Repayment: Allowed - No Penalty
Payment Example
KSh 100,000 Loan at 12% APR for 60 months:
  • Monthly Payment: KSh 1,943.56
  • Total Interest: KSh 16,613.60
  • Total Amount Payable: KSh 116,613.60
Best For:
  • Business expansion or startup
  • Home construction or renovation
  • Equipment or machinery purchase
  • Vehicle purchase
  • General financial needs
Eligibility Requirements
  • Active SACCO member
  • Minimum contribution history
  • Clear repayment capacity
  • Good member standing
  • 1-2 guarantors required
  • Completed KYC verification

Emergency Loan

Loan Details
Interest Rate: 12% APR (Annual)
Maximum Amount: KSh 200,000 (Fixed)
Minimum Amount: No fixed minimum
Repayment Term: 12 months (Fixed)
Processing Fee: Applied as % of loan amount
Approval Time: Same Day!
Disbursement: Within 24 hours
Early Repayment: Allowed - No Penalty
Payment Example
KSh 100,000 Loan at 12% APR for 12 months:
  • Monthly Payment: KSh 8,884.88
  • Total Interest: KSh 6,618.56
  • Total Amount Payable: KSh 106,618.56
Best For:
  • Medical emergency expenses
  • Funeral arrangements
  • Emergency house repairs
  • Car breakdown/repair
  • Unexpected family obligations
  • Urgent bill payments
Fast Track Process

Emergency loans are prioritized for same-day approval. Applications received before 2 PM typically get approved the same day with funds disbursed within 24 hours.

School Fees Loan

Loan Details
Interest Rate: 12% APR (Annual)
Maximum Amount: KSh 100,000 (Fixed)
Minimum Amount: No fixed minimum
Repayment Term: 12 months (Fixed)
Processing Fee: Applied as % of loan amount
Approval Time: 3-5 business days
Disbursement: Direct to educational institution
Early Repayment: Allowed - No Penalty
Payment Example
KSh 80,000 Loan at 12% APR for 12 months:
  • Monthly Payment: KSh 7,107.90
  • Total Interest: KSh 5,294.80
  • Total Amount Payable: KSh 85,294.80
Approved Educational Expenses:
  • Primary/Secondary school tuition
  • University/College fees
  • Examination fees (KCSE, KCPE, etc.)
  • Technical college fees
  • Professional certification courses
  • Vocational training fees
Direct Payment Process

For your security and to ensure funds are used for education, we pay directly to the educational institution. You'll receive confirmation of payment.

Multiple Loan Facility

Available Combinations
  • Option A: Development + Emergency
  • Option B: School Fees + Development
  • Option C: All Three Products
Terms & Conditions
Interest Rate: 12% APR on each loan
Total Limit: Combined cannot exceed capacity
Share Requirement: Adequate shares to cover limits
Debt-to-Income: Must service all loans
Guarantors: Required for each loan separately
Approval: All loans approved independently
Example: Combined Loans
If you take:
  • Development Loan: KSh 2,000/month
  • Emergency Loan: KSh 1,500/month
  • School Fees Loan: KSh 1,000/month

Total Monthly: KSh 4,500

Combined payments should not exceed 30-40% of monthly income

Important Considerations
  • Each loan has independent payment schedule
  • Default on one affects all loans
  • Can repay any/all loans early
  • Credit committee reviews total debt capacity

Important Disclaimer

By applying for a loan through Haki Tume Sacco, you agree to:

  • All terms and conditions disclosed on this page and in the app
  • The 12% annual percentage rate (APR) on all loan products
  • Payment of processing fees as calculated and disclosed
  • Compliance with SACCO bylaws and Kenyan financial regulations
  • Acceptance of guarantor requirements where applicable
  • Automatic monthly payments from your linked bank account

This information is subject to SACCO policies and Kenyan financial regulations. For complete legal terms, refer to your loan agreement document provided at approval.

Questions About Loan Terms?

Our support team is here to help you understand our loan products