An Insurance Loan is a dedicated credit facility designed to help members fulfill annual insurance-related financial obligations without straining personal or family budgets. Eligible members can borrow up to KSh 50,000 or an amount equal to their active accumulated shares, whichever figure is lower. As a licensed financial cooperative regulated under the Sacco Societies Regulatory Authority (SASRA), Kenyatta Matibabu SACCO provides this specialized facility at an affordable interest rate of 1% per month on a reducing balance base. Repayable over a comfortable maximum period of 10 months, it requires full guarantorship from at least two active members to ensure swift processing. You can also explore our core Deposit Accounts to manage your collateral base alongside active loan repayments.
- Maximum loan of KSh 50,000 or equal to member’s shares (whichever is lower)
- Repayable up to 10 months
- Interest rate of 1% per month on a reducing balance
- Fully guaranteed by at least two (2) guarantors
Loan Calculator
Enter your loan details to estimate repayment. Results are indicative and may differ from the SACCO schedule.
Why Choose an Insurance Loan for Policy Premiums?
Ensure continuous insurance protection for your family, motor vehicles, and property with tailored insurance premium financing Kenya solutions designed for cooperative members. Our Insurance Loan product provides fast processing, low monthly interest rates, and predictable repayment terms to settle your insurance policy debit notes smoothly.
Borrow Up to KSh 50,000
Settle annual insurance premium quotes in one upfront payment. Accessing a specialized SACCO insurance loan enables members to secure up to KSh 50,000—or up to 100% of their total accumulated shares—ensuring health, motor, or property risk policies are issued immediately without expensive coverage gaps.
Affordable 1% Monthly Reducing Rate
Keep your annual risk management expenses budget-friendly with a low interest insurance financing structure. Calculated at a low 1% per month (12% per annum) on a reducing balance base, your monthly interest charges steadily decrease as you pay down your principal balance over time.
Flexible 10-Month Repayment Tenure
Distribute lump-sum annual premium invoices into manageable monthly installments. This short term insurance loan timeline aligns perfectly with annual policy cycles, spreading out your financial obligation comfortably across 10 months well before your next annual policy renewal date.
Quick Approval with 2 Guarantors
Avoid policy lapses and vehicle impoundments when renewal notices arrive. Securing your Insurance Loan requires full guarantorship from just two (2) active SACCO members, ensuring your credit application moves rapidly through verification to direct policy disbursement
How To Apply & Manage Your Insurance Loan
Requirements for SACCO Insurance Financing
Qualifying for an Insurance Loan at Kenyatta Matibabu SACCO involves simple, transparent verification criteria designed to keep your policies active:
Member Shares Cap: Maximum credit availability is capped at KSh 50,000 or up to 100% of your active accumulated shares balance, whichever figure is lower.
Two Active Guarantors: Secure your Insurance Loan application form with verification signatures from at least two (2) compliant, active SACCO member guarantors.
Insurance Policy Invoice: Attach official premium debit notes, renewal notices, or policy quotation forms from recognized insurance providers alongside your completed application.
Repayment Terms & Policy Rules
Managing your Insurance Loan responsibly ensures unbroken coverage and maintains a solid credit standing with the SACCO:
Reducing Balance Calculations: Interest charges on your Insurance Loan are computed at 1% per month on a reducing balance, rewarding early repayments with lower total interest fees.
10-Month Maximum Tenure: Repay your borrowed premium funds conveniently over a maximum period of 10 months through automated monthly payroll check-off deductions.
Continuous Coverage Maintenance: Promptly settling your facility keeps your SACCO record clean, enabling smooth automatic renewals for subsequent insurance policy cycles every year.
