New Milimani Sacco
Products & Services
Explore our comprehensive range of financial products and services designed to meet your needs
Banking With Us
Savings Account
- Minimum Savings of KSH 1000 per month or more depending on one's target.
- Loans given on Savings.
- Attracts good interest rates.
Fixed Deposit Account
- Can be fixed for 3 months, 6 months or 9 months.
- Attracts competitive interest rates on your deposit.
Junior Account
- Beneficial to Those with Children and want to plan their future.
- Account operated by parent/guardian until legal age is attained.
- Can be withdrawn by guardian with a 60 day notice.
Shares Account
- Minimum Deposit of KSH 5000 is Share Capital.
- Deposits beyond KSH 5000 are special investment and can be used to guarantee a loan.
School Fees Account
- One can contribute as much as they wish.
- Can be withdrawn 4 times a year.
Member Loans
Our loan products are designed and crafted to fit our customers' unique growth and development needs.
Normal Loan
- Given 3x of member savings
- Interest charged is 13% P.A and can be repaid up to 36 months.
- Security is a guarantor who is a member of the Sacco and has enough savings and a good credit history.
Self Loan
- Given 90% of the savings at 10% interest per year.
- Given to create a good loan portfolio for a member.
- Loan secured by member's savings.
- Repayment period up to 36 months.
Mkombozi Loan
- Loan given to facilitate short term emergencies.
- Immediate processing.
- We give 90% of the savings to be repaid in a month at 1% fee.
Asset Loan
- Designed for members who wish to secure property or expand their business.
- Given three times of member's savings at an interest rate of 13% p.a.
- Has a repayment period of 12-36 months.
- Fully secured by a title deed.
How to Get a Loan
- Register to become a sacco member, save regularly and consistently for a period of 90 days (3 months).
- After 3 months you Qualify to apply for loans based on your savings
Paybill Services
How to SAVE or PAY Loan using M-Pesa Paybill.
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