Updated 31 October 2026
Sheria DT Sacco charges between 0.5% and 1.2% a month on a reducing balance for its BOSA loans. Development, Emergency, Education and Shamba loans cost 1% a month, Diamond and Refinancing loans cost 1.15%, and the New Premier Loan costs 1.2%. The Bima Loan for insurance premiums is the cheapest at 0.5% a month. The processing fee is a flat KSh 1,000 on every loan, and most also carry insurance of 0.5% of the net loan. Limits reach KSh 50 million on the Diamond Loan. All figures come from Sheria Sacco’s BOSA loan products page, checked on October 31, 2026.
Sheria Sacco loan chart
| Loan | Max amount | Multiplier | Interest (reducing) | Max period |
|---|---|---|---|---|
| Diamond Loan | KSh 50 million | 3x deposits | 1.15% a month | 84 months |
| Development Loan | KSh 40 million | 4x | 1% a month | 60 months |
| New Premier Loan | KSh 30 million | 4x | 1.2% a month | 72 months |
| Refinancing Loan | KSh 12 million | 3x | 1.15% a month | 36 months |
| Emergency Loan | KSh 5 million | 3x | 1% a month | 12 months |
| Shamba Loan (land) | KSh 5 million or 100% of market value | 5x | 1% a month | 60 months |
| Education Loan | KSh 500,000 | Not stated | 1% a month | 12 months |
| Bima Loan (insurance premiums) | KSh 500,000 | Backed by deposits | 0.5% a month | 10 months |
Every loan has a KSh 1,000 processing fee. Most also charge insurance of 0.5% of the net loan. On the New Premier Loan, the 0.5% insurance is worked out on net take-home pay, and members must contribute at least 0.2% of the loan each month.
Which loan suits which need
- Big projects: the Development Loan is the cheapest long loan at 1% a month over 5 years, and it lends 4 times your deposits. The Diamond Loan lends more (up to KSh 50 million) and gives you 7 years, but it costs 1.15% and lends only 3 times your deposits.
- Buying land: the Shamba Loan covers plots anywhere in Kenya, whether urban, peri-urban or rural farmland. It lends up to 5 times your deposits, and the land you buy is the security. Groups can apply too.
- Insurance premiums: the Bima Loan pays for cover on vehicles, motorbikes, household goods, buildings and business stock. The Sacco says this is not limited to CIC policies. It must be fully backed by your deposits.
- Emergencies and school fees: the Emergency and Education loans cost 1% a month over 12 months, and both can be topped up easily.
What a Sheria loan costs: worked examples
These are our own estimates using standard amortisation formulas, not Sacco quotes. A KSh 2 million Development Loan at 1% a month over 60 months costs about KSh 44,500 a month and roughly KSh 669,000 in total interest. A KSh 2 million Diamond Loan at 1.15% a month over 84 months lowers the payment to about KSh 37,300 but raises total interest to about KSh 1.13 million. Add the KSh 1,000 processing fee and 0.5% insurance (KSh 10,000 on KSh 2 million).
How to apply
You must be a member who makes the minimum monthly contribution. Apply through the “Apply Now” links on the Sacco’s loan page, or contact Sheria Sacco on 020 780 1500. Guarantor rules follow the Sacco’s credit policy, and some loans (Emergency, Refinancing and Bima) must be fully backed by deposits. Before you commit, compare the rates with other Saccos in our Sacco loan comparison.
Frequently asked questions
What is the maximum loan at Sheria Sacco?
KSh 50 million on the Diamond Loan, subject to 3 times your deposits and your ability to pay.
What is the processing fee at Sheria Sacco?
A flat KSh 1,000 on each loan listed, plus insurance of 0.5% of the net loan on most products.
Does Sheria Sacco finance land purchase?
Yes. The Shamba Loan lends up to KSh 5 million or 100% of market value over 60 months at 1% a month.
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