Karibu Loan is designed to financially boost newly employed members by giving them early access to credit. It allows eligible members to borrow using an appointment letter, build deposits automatically, and repay the loan over a flexible period at a reducing interest rate.
- Tailored for newly employed members
- Accessible using an appointment letter/document
- Maximum loan amount of KSh 500,000
- Interest rate of 14% per annum on a reducing balance
- Repayable within 36 months (3 years)
- Fully guaranteed by at least three (3) members
- 30% of the loan amount transferred to member deposits as starting deposits after share capital
Loan Calculator
Enter your loan details to estimate repayment. Results are indicative and may differ from the SACCO schedule.
Use the product rate (example: 12% p.a or 1% p.m).
Choose p.a for annual rates, p.m for monthly rates.
Upfront is useful for products that charge interest upfront (e.g. “8% upfront”).
If your product has a processing fee, add it here.
Disclaimer: This calculator provides estimates only. Actual repayment may vary based on SACCO terms, deductions,
and approvals.
Estimated Monthly Repayment (KES)
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Total Interest (KES)
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Total Amount Payable (KES)
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Tip: Interest rates and repayment methods depend on the loan product selected.
