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
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
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;
- 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.
- 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 >>