Fortitude Sacco Loan Products

Development Loan

This type of loan is designed for development needs such as building of houses, purchase of land farming etc.

Features

  • This has a maximum repayment period of 48 months
  • It attracts interest rate of 2% per month on reducing balance
  • It is given based on your deposits (three times your deposit savings) and the ability to repay.

     How to apply

  • Member`s copy of national identity card
  • Three Latest pay slips
  • Eligible guarantors
  • A dully filled loan application form
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School Fees Loan

This type of loan is meant to assist members to pay school or college fees.

Features

  • This loan is repayable within a period of 12 months
  • It attracts interest rate of 2% per month on reducing balance
  • It is given based on your deposits (three times your deposit saving) and the ability to repay.

How to apply

  • Member`s copy of national identity card
  • Three Latest pay slips
  • Eligible guarantors
  • A dully filled loan application form
Download Form >>

Emergency Loan

This type of loan is designed to help members in the event of emergency cases that call for immediate need for finances.

Features

  • This loan is repayable within a maximum period of 12 months
  • It attracts interest rate of 2% per month on reducing balance
  • Three times member's deposits must be given consideration
  • Loan security is member`s and guarantors savings.

How to apply

  • Member`s copy of national identity card
  • Three Latest pay slips
  • A dully filled loan application form
  • Eligible guarantors

SALARY ADVANCE

 At fortitude, we have two types of Salary advances;  

  1. Salary Advance

Features

  • Repayable within one month
  • Interest rate is 10% per month flat rate
  • Salary advance is only given to those who earn their monthly salary through our FOSA
  • It is given instantly upon filling FOSA loan form and making a check mark at the option button for salary advance.
  1. Salary Advance flex

Features

  • It is repayable within a period of three months
  • Interest rate is 10% per month flat rate
  • This product is only for those who earn their monthly salary in FOSA
  • It is given instantly upon filling FOSA loan form and making a check mark at the option button for salary advance flex

How to apply

  • Dully Filled FOSA loan form

Download Form >>

KARO LOAN

This type of loan is meant to assist members to pay school or college fees. It is a loan that is offered specifically for those who earn their salary through FOSA. We have two loans under this category, namely; 1. Karo Loan 2. Karo Loan Flex

Features Karo Loan

  • This is repayable within a period of 12 months
  • It attracts interest rate of 2% p.m flat rate
  • This particular product is specifically tailored to those who earn their monthly salary through fosa

Features Karo Loan Flex

  • This is repayable within a period of 24 months
  • It attracts interest rate of 2% per month flat rate
  • This particular product is specifically tailored to those who earn their monthly salary through FOSA

How to apply

  • Dully filled form
  • Eligible Guarantors

Download Form >>

FOSA LOAN

This type of loan is designed for various financial needs of our clients. FOSA loan are of two types, namely; FOSA Loan and FOSA Loan flex

Features of FOSA loan

  • This is a loan that is repayable within a period of 10 months.
  • It attracts interest rate of 2% per month flat rate
  • This product is meant for those who earn their monthly salary through FOSA

Features of FOSA Loan Flex

  • This is a loan that is repayable within a period of 15 months.
  • It attracts interest rate of 2% per month flat rate
  • This product is meant for those who earn their monthly salary through FOSA

 How to apply

  • Dully filled loan form
  • Eligible Guarantors

Download Form >>