General
Financial Tips for planning and saving for your Retirement.
While the basics of saving for retirement have remained largely the same since the last few years, modern retirees have been facing certain challenges that weren’t a concern in the past. It’s no secret that people are living longer lives, which means ...
BIASHARA LOAN REVIEW
We are happy to introduce our new terms for Biashara loan as follows: Maximum eligibility has been pushed from ksh.500,000/- to 1,000,000/- Tenure period has been extended from 24 months to 36 months Loan applications are processed weekly and ...
GUARANTORSHIP
A guarantor is a an individual who promises to pay a borrower's debt in the event that the borrower defaults on their loan obligation. Guarantors pledge their own assets, and in our case, main savings, as collateral against the loans once they sign ...
FAQs On Loans
1.What are the requirements for loan Application? A member is required to submit loan application form accompanied by mode of repayment, this can be direct debit or cheque off. A copy of the current payslip is required for appraisal on repayment ...
COMMON BOND
The society has an open bond and not only admits people from the banking sector. The existing pioneer members can refer their family adult members and friends from other sectors
PREMIER DEVELOPMENT LOAN
This is a NEW loan product. The loan amount given X4 of your main savings with minimum monthly contribution of ksh. 4,000/- The loan is given at an interest rate of 1.25.p.m. on reducing balance and repayment period is 60 months Loan applications to ...
Automatic Pin Reset
The pin reset process has now been automated. To reset your pin kindly ensure that you have not blocked messages from Kenya Bankers Sacco by dialing*456*9*5*5# then proceed to dial *293# to reset your pin.
How to contact us
You can access our contact center via the following channels. The contact center operates within business hours Business Hours Monday to Friday 0800hrs to 1700hrs Telephone - (+254) 205146500 Email: help@kenyabankers.coop Website & live chat: ...
Kenya Bankers Sacco loan securities.
You need to have guarantors if borrowing over and above your savings. Te other forms of securities include: Land/Property Quoted Shares(NSE) Insurance life policy
How to update or change your Records
For change or update of your records, complete and scan back the Records Update Form (see attached)
Enjoy exclusive discounts at Chloride Exide
Kenya Bankers has partnered with Chloride Exide to provide discounted affordable products for our members. Members can get an Local Purchase Order (LPO) from Chloride Exide and be financed by the sacco through boresha maisha loan. If you are applying ...
Kenya Bankers Partnership with Mabati Rolling Mills (MRM)
Kenya Bankers has partnered with Mabati Rolling Mills to provide discounted products for our members accross the country. Members can make enquires through the Sacco, then get Local Purchase Order (LPO) from MRM. We can finance your purchase through ...
Education is the premise of progress. Join our education scheme
“Education is the passport to the future, for tomorrow belongs to those who prepare for it today” Malcolm X. Education builds ones curiosity and gives one a better perspective in looking at things differently. It leads to a better and respectable ...
Our History
Click here to redirect to the website home page PROFILE Kenya Bankers Sacco Background Kenya Bankers Sacco was officially registered in February 14th 1975 as a Savings and Credit Co-operative Society. It however didn’t start its operations ...
How to Check Loan Balances
The fastest way is VIA USSD Mobile. Dial *293# Select check balance. You will be able to view both loan and savings balances
KENYA BANKERS ACCOUNT DETAILS
ACCOUNT NAME: KENYA BANKERS SACCO BANK ACCOUNT DETAILS WITH SWIFT CODES. BANK BRANCH AND CODE SWIFT CODES ACCOUNT NUMBER CO-OP BANK ...
Benefits of Joining The Kenya Bankers.
There are numerous benefits of being a member of Kenya Bankers Sacco. Just to mention a few; Affordable interest rates on loans Flexible options on savings Attractive rates on Fixed Deposit Exciting Partner discounts Lower premiums on insurance
What is Risk management Fund
· This is mandatory internal insurance scheme for all members with monthly premium contribution of Kes.400.00 which provides cover for outstanding loans and main scheme deposits held alongside other benevolence assistance. · Members ...
SHARE CAPITAL DEPOSIT
Share capital is the permanent member contribution toward the Sacco capital and forms part of Sacco equity. Shares cannot be withdrawn even on exit from the Sacco but can be transferred to another willing member. The share capital earns dividend at ...
Which loan products does the sacco offer?
The following are the products offered by the Sacco. 1. Karibu loan Issued up to Ksh100,000 after 3 months of Sacco membership. 50% of the loan proceeds disbursed and the remaining 50% retained to savings. Payable within 12 months at 15% P.a reducing ...
How do I stop a standing order or payroll deductions upon completion of my loan?
Upon completion of a loan, you will be required to fill the adjustment form and have the same forwarded to us for authorization before it is delivered to your bank or employer for action. Note that this is different from a direct debit, which you ...
What is the minimum monthly savings contribution?
There are two types of Savings. Mandatory which all members subscribe to and voluntary that is optional 1. Mandatory Schemes Main Scheme - Ksh.3,000 per month Risk Fund - Ksh.400 2. Voluntary Schemes Education Savings - Ksh.1,000 per month Micro ...
When should I submit my development or super loan application?
The deadline for development and super loan applications is by 10th of every month. Upon successful appraisal, the loans are disbursed by 10th of the subsequent month to the provided bank accounts. N.B. All development and super loans are disbursed ...
How To Reset Your Mobile Banking Pin
Dial *456*9*5*5# to allow promotional messages, then dial *293# input 99 to reset pin. Once the Pin is reset, you will receive a one time Pin through sms which you will use to log in and change to one of your choice. N.B. The Pin sent to you is a one ...
How To Register For Membership
You will be required to fill the membership application forms and attach the following; · Copy of national ID card/Passport · Copy of KRA Pin certificate · One passport size photograph · Membership registration fee- ...
How to Deposit Money to savings account through MPESA
Kenya Bankers Sacco Paybill Number is 400444 You will need your account number. Paybill 400444 Account Number ........................ Amount 20000 enter pin Name will display Kenya Bankers KBSACCO