
Police Sacco Loan Form


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People also ask types of police sacco loans in kenya
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What is the interest rate for Kenya Police Sacco savings account?
Account holders make deposits into this account for a minimum period of 12 months before any withdrawal can be done. The minimum amount of contribution is kshs 500 per month. The interest earned is 4% p.a.
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What is the minimum share capital of police Sacco?
You join by first filling a membership application form available in our offices or at our website .policesacco.com. The entrance fee is KShs. 2,000/- and the minimum share contribution is KShs. 20,000/-.
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How much do I need to join a sacco?
"We have made our membership registration process as easy as possible." CategoryRegistration KshMin. Monthly Savings Kshs Business persons 500 500 Group 500 5,000 Diaspora 500 1,000 Corporate 500 10,0002 more rows
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What is the dividend percentage for police Sacco?
Kenya Police Sacco is one of the largest in the country and held Sh3. 2 billion withdrawable deposits at the end of December 2023, while non-withdrawable deposits stood at Sh28. 5 billion. The Sacco paid a dividend of 17 percent on share capital, amounting to Sh599.
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What is the interest rate for a Kenya police sacco loan?
Interest Rate: 1.25% per month (15% per annum). Repayment Period: 24 months (Factor: 624). Qualifying Amount: 4 times savings in business account. Insurance: Covered under UBF.
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How to get a loan from a Sacco?
Be an active member of the Sacco with regular deposits contributions. Must have paid (or is paying) the minimum share capital requirement by the Sacco. Must have been a member of the Sacco for at least three months. Must have a regular source of income to support loan repayment (salary, business, farming etc.)
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How much is the police Sacco contribution per month?
Account holders make deposits into this account for a minimum period of 12 months before any withdrawal can be done. The minimum amount of contribution is kshs 500 per month. The interest earned is 4% p.a.
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What is the average interest rate for sacco?
ing to the latest Sacco Societies Regulatory Authority(SASRA) Supervision Report, the average interest rates paid by regulated Saccos on member deposits in 2022 marginally increased to 6.92% in 2022 from 6.86% paid in 2021.
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What is the interest rate for the NSSF Sacco loan?
The interest rate is 14% per annum on reducing balance. Eligible to members with Normal Deposits of KES. 1,000,000 and above. Minimum of 6 guarantors is required for this product.
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How to get police sacco dividend advance online in Kenya?
Dear Members, dividend advance is available to all members who received dividends last year, you can access up to 50% of your dividends. To apply follow the steps below:- Dial *346# Choose option 3 Loans Choose option 1 Loan Request Choose option 4 Dividend Advance.
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How to open a police sacco?
The following documents are required: A fully filled membership application form. Copy of the National Identity Card (Both sides) Two recent color passport size photographs.
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Who can join Kenya Police Sacco?
Who is eligible to join Police Sacco? and what are the requirements? Active and retired Regular and Administration police officers. All civil servants and salaried employees. Business community. Spouse or child of any of the above who must be 18 years of age and above.
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