FOSA Loans
At Tabasuri DT Sacco, we offer FOSA (Front Office Service Activity) Loans, which provide quick and convenient access to credit for members with regular salary deposits. These loans are designed to cater to short-term and long-term financial needs, ensuring members have immediate financial support when required.
FOSA Overdraft
A short-term loan facility that allows members to access funds quickly when their account balance is insufficient. This is ideal for members who need instant financial support before their next paycheck.
- Loan amount is determined based on net salary and deposits.
- Repayment is within 1 month, ensuring a quick turnaround.
- FOSA salary processing membership.
- Latest payslip or bank statement as proof of income.
- 1/3 rule principle applies, where applicable.
- Security in the form of guarantors or alternative collateral (assets).
Ordinary Salary Advance
This loan is designed to offer a small, short-term cash boost to help members handle unexpected expenses such as medical bills, rent, or emergencies.
- Loan amount is determined based on net salary and deposits.
- Repayment period: 3 months, making it a manageable short-term solution.
- FOSA salary processing membership.
- Latest payslip or bank statement as proof of income.
- 1/3 rule principle applies, where applicable.
- Security in the form of guarantors or alternative collateral (assets).
FOSA Salary Plus Advance
For members who need a larger advance with a slightly extended repayment period, the FOSA Salary Plus Advance provides greater financial flexibility while remaining affordable.
- Loan amount is determined based on net salary and deposits.
- Repayment period: 6 months, ensuring comfortable repayment terms.
- FOSA salary processing membership.
- Latest payslip or bank statement as proof of income.
- 1/3 rule principle applies, where applicable.
- Security in the form of guarantors or alternative collateral (assets).
Alternate Salary Advance
A medium-term financing option designed for members who need a more substantial loan amount to cover school fees, debt consolidation, or major purchases.
- Loan amount is determined based on net salary and deposits.
- Repayment period: 24 months, allowing for manageable monthly installments.
- FOSA salary processing membership.
- Latest payslip or bank statement as proof of income.
- 1/3 rule principle applies, where applicable.
- Security in the form of guarantors or alternative collateral (assets).
FOSA Premium Loan
A long-term loan facility designed for members who require significant financial support to invest in business expansion, projects, or asset acquisition while benefiting from extended repayment terms.
- Loan amount is determined based on net salary and deposits.
- Repayment period: 48 months, offering the longest repayment term among FOSA loans.
- FOSA salary processing membership.
- Latest payslip or bank statement as proof of income.
- 1/3 rule principle applies, where applicable.
- Security in the form of guarantors or alternative collateral (assets).
Nawiri Loan
The Nawiri Loan is structured to provide financial stability, helping members with medium-term financial needs such as household improvements, school fees, or debt restructuring.
- Loan amount is determined based on net salary and deposits.
- Repayment period: 6 months, making it a suitable solution for financial planning.
- FOSA salary processing membership.
- Latest payslip or bank statement as proof of income.
- 1/3 rule principle applies, where applicable.
- Security in the form of guarantors or alternative collateral (assets).
Mobi Loan
The Mobi Loan is a convenient and easily accessible loan facility designed exclusively for FOSA salaried members. This loan allows members to access funds instantly through their mobile phones, ensuring quick financial assistance whenever needed.
Features of the Mobi Loan:
- Eligibility: Available only to FOSA salaried members who meet the necessary requirements.
- How to Apply: Members can apply for the loan by simply *dialing 645# on their mobile phones, making the process fast and hassle-free.
- Maximum Loan Amount: The highest amount a member can borrow is Ksh. 20,000.
- Repayment Terms: The loan is payable within one month, ensuring short-term financial support with quick repayment.
This loan is designed to provide instant financial relief to members, helping them manage urgent expenses without delays.
At Tabasuri DT Sacco, we understand that our members have diverse financial needs. Our BOSA (Back Office Service Activity) Loans offer affordable, flexible, and easily accessible credit solutions tailored to support different financial goals. Loan eligibility is determined based on a member’s savings, repayment capacity, and security provided.