Updated 31 October 2026
The Kenya Bankers Sacco, headquartered on 3rd Ngong Avenue in Upper Hill, Nairobi, charges from 0.8% a month on a reducing balance for a Loan Within Savings (up to 90% of your savings, over 48 months) to 7% a month on its instant M-Loan. Its main long-term loans, Premier (60 months) and Elite (84 months), lend up to 4 times your main savings at 1.25% a month. It also offers 0% interest Lifestyle loans for appliances from a partner store. All terms below come from the Sacco’s loan product pages, checked on October 31, 2026.
Kenya Bankers Sacco loan rates
| Loan | Limit | Interest (reducing) | Max period | Who it’s for |
|---|---|---|---|---|
| Loan Within Savings | 90% of savings | 0.8% a month | 48 months | Any saver |
| Elimu Bora Loan | 4x Elimu Bora savings | 1% a month | 48 months | Education savers |
| Afya Imara Loan | KSh 500,000 | 1% a month | 10 months | Medical insurance cover |
| Express Loan | KSh 300,000 | 1.2% a month | 18 months | Emergencies; processed within 24 hours |
| Premier Loan | 4x main savings | 1.25% a month | 60 months | General development |
| Elite Loan | 4x main savings | 1.25% a month | 84 months | Main savings of KSh 1m+; KSh 7,400 minimum monthly saving |
| Shamba Loan | KSh 3.5m | 1.25% a month | 60 months | Land purchase |
| Karibu Loan | KSh 100,000 | 1.25% a month | 12 months | New members after 3 months of saving |
| Biashara Loan | KSh 1m | 1.25% a month | 36 months | Business owners |
| Boresha Maisha Loan | KSh 200,000 | 1.25% a month | 12 months | Home improvement items from partners |
| Chamaz Loan | Not stated | 14% p.a. | 36 months | Chamas that have been members for 6+ months |
| Biz Bora Loan (FOSA) | Based on account turnover | 2% a month | 24 months | Boresha Biashara and Jiinue customers |
| Salo Loan (FOSA) | Based on account history | 2% a month | 3 months | Boresha Biashara and Jiinue customers |
| Jibambe Loan | KSh 80,000 | 5% a month | 10 months | Personal spending |
| M-Loan (mobile) | KSh 100,000 | 7% a month | Not stated | Instant cash |
| Lifestyle Loan | KSh 500,000 | 0% | 6 months | Appliances from The Lifestyle Hub |
A Share Capital Loan of up to KSh 100,000 helps new members reach the minimum share capital quickly. The Sacco does not publish a rate for it.
How to choose
- Cheapest money: if you have savings, the Loan Within Savings at 0.8% a month (about 9.6% a year at simple rates) is the lowest-cost product. Your own savings are the security.
- Long projects: Elite gives you 7 years, but only if your main savings are at least KSh 1 million. Otherwise Premier gives you 5 years at the same 1.25% a month.
- Emergencies: Express (1.2% a month, 24-hour processing) costs far less than M-Loan (7% a month) or Jibambe (5% a month).
- Chamas: the Chamaz Loan at 14% a year. Compare it with bank options in our best banks for chamas guide.
What the rates cost: an example
Here is our own estimate using standard amortisation, not a Sacco quote. KSh 500,000 on the Premier Loan at 1.25% a month over 60 months costs about KSh 11,900 a month and roughly KSh 214,000 in total interest. A KSh 500,000 Loan Within Savings at 0.8% a month over 48 months costs about KSh 12,600 a month and roughly KSh 104,000 in interest, less than half as much. If your savings can cover it, borrowing against them is much cheaper.
Contacts
The Kenya Bankers Sacco head office is on 3rd Ngong Avenue, Upper Hill, Nairobi. Call 020 514 6500 or email help@kenyabankers.coop. Loan forms are on the Loans Downloads page. Compare these rates with other Saccos in our Sacco loan comparison.
Frequently asked questions
What is the Kenya Bankers Sacco Elite Loan?
An 84-month loan of up to 4 times your main savings at 1.25% a month, for members with at least KSh 1 million in main savings who save at least KSh 7,400 a month.
How much is the Kenya Bankers Sacco M-Loan interest?
7% a month, for up to KSh 100,000.
Can new members borrow?
Yes. After three months of consistent saving, new members can take the Karibu Loan of up to KSh 100,000 at 1.25% a month over 12 months.
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