Universal Traders SACCO

Compare all 1 products from Universal Traders SACCO in Kenya. Rates from 13%. Borrow up to Ksh 8,000,000.

13%

Lowest Rate

Ksh 8,000,000

Max Amount

24-72 hours

Fastest Disbursement

Total Products

SACCO Loans

Product	Rate	Amount	Turnaround
Universal Traders SACCO Development Loan	13%	Ksh 30,000 - Ksh 8,000,000	24-72 hours	Apply

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Universal Traders SACCO Pros & Cons

+Pros

✓Competitive 13% interest on reducing balance
✓Up to 3x deposits development loan
✓Tailored for cereal
✓Meru HQ anchor branch
✓Tenure up to 60 months
✓Market-day disbursement

-Cons

✗Restricted to trade common bond members
✗Guarantors required from same SACCO
✗Minimum 3 months deposits before first loan
✗Processing can take up to 72 hours
✗Higher 13% rate
✗Short max 60 months

Eligibility Requirements

CRB Check Required

Not required

Employment Types Accepted

Market tradersWholesalersAggregatorsBoda boda carriers

Required Documents (across all products)

●National ID
●Membership certificate
●Payslips (3 months) or trade proof
●Guarantor forms (2+ guarantors)
●KRA PIN certificate

Frequently Asked Questions

What interest rates does Universal Traders SACCO offer?

Universal Traders SACCO offers interest rates from 13% across their product range.

What loan amounts are available from Universal Traders SACCO?

Universal Traders SACCO offers loan amounts from Ksh 30,000 up to Ksh 8,000,000 depending on the product and your eligibility.

How fast does Universal Traders SACCO disburse loans?

The fastest disbursement time from Universal Traders SACCO is 24-72 hours. Actual processing time varies by product type and application completeness.

Does Universal Traders SACCO require CRB clearance?

Universal Traders SACCO does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.