Bandari SACCO Development Loan
Bandari SACCO
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
11.5% p.a.
Loan Amount
Ksh 50,000 - Ksh 12,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN
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Pros & Cons
Pros
- Competitive 11.5% interest on reducing balance
- Up to 3x deposits development loan
- Tailored for port of mombasa workers
- Mombasa HQ anchor branch
- Tenure up to 72 months
- Swahili-first service
- Coast-specific branch density
- Dhow asset finance
Cons
- Restricted to port common bond members
- Guarantors required from same SACCO
- Minimum 3 months deposits before first loan
- Processing can take up to 48 hours
- Coast-region common bond
- Port-shift schedule required for capacity check
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Product Details
Features
- Primary SACCO for Kenya Ports Authority staff
- Coastal dhow business asset finance
- Swahili-first customer service and documentation
- Port shift allowance considered in repayment capacity
- 11.5% rate with Mombasa-local branches
- Hardship loan for tide-season layoffs
- Education loan synced to Coast secondary school calendar
Eligibility Requirements
Age: 18 - 60 years
Employment: KPA staff, Shipping agents, Coastal civil servants, Lamu port transfer employees
Required Documents
- National ID
- Membership certificate
- Payslips (3 months) or trade proof
- Guarantor forms (2+ guarantors)
- KRA PIN certificate
Repayment Options
Salary check-offBank transferM-Pesa
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