FOSA Personal Loan
Unsecured loan available to members who have channeled their salaries through DESACCO FOSA for at least 3 months
The maximum repayment period is 36 months
Interest rate of 12.5% p.a. reducing balance
The member must have fully paid up the minimum share capital
One must be a member for at least 6 months in order to qualify
Members who take up this product must have minimum monthly contributions of KShs 5,000.00
Maximum loan amount is Kshs. 600,000
25% of the Loan amount shall be retained as member's deposits
Only given on check off basis
Fully guaranteed
