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Loans offered in Bosa

Getting a loan with Tower Sacco will be beneficial to you as we ensure that your financial emergency situation will be sorted to your fulfillment. Check out the loans offered at our sacco.

Normal Loans

  • The loan is granted to SACCO members (teachers & civil servants) who have deposits in BOSA.
  • Loan granted should be 5 times the member’s deposits.
  • Loan must be secured by 3 guarantors
  • The maximum repayment period is 72 months
  • Minimum salary if the loan is through check off system should be 1/3rd of the basic salary
  • Loan is approved within 24 hours.

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Special Loan

  • Granted to purchase products e.g. motor bikes, lap tops, water tanks, etc.
  • Member can identify the products and supplier, the cheque is drawn in favour of the supplier.
  • Maximum amount is Kshs.150,000.
  • Repayable within 36 months.
  • Two (2) recent pay slips
  • Requires 3 guarantors
  • Minimum salary Kshs.3,000 if the loan is serviced through FOSA standing order and 1/3rd of basic salary if through TSC check off.

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Emergency Loans

  • Processed the same day on application.
  • The loan has no maximum amount and depends on one’s ability to pay.
  • Loan is repayable within 12months.
  • Two (2) current payslips.
  • Minimum salary Kshs.3,000 if the loan is serviced through FOSA standing order and 1/3rd of basic salary if through TSC check off.

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School Fees Loan

  • Supporting documents required (fees proforma)
  • Loan repayable within 12 months.
  • Minimum salary Kshs.3,000 if the loan is serviced through FOSA standing order and 1/3rd of basic salary if through TSC check off.
  • Three (3) guarantors are required.
  • Two recent pay slips and I.D. photocopy must be attached.
  • Loan processed the same day on application.

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