Metropolitan National SACCO Development Loan
Metropolitan National SACCO
Last updated: April 16, 2026
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★★★★★
0/5Based on 0 Reviews
Interest Rate
12.5% 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 12.5% interest on reducing balance
- Up to 4x deposits development loan
- Tailored for urban professionals
- Nairobi HQ anchor branch
- Tenure up to 72 months
- FOSA with debit card
- Dedicated mobile app
- Strong Nairobi branch density
Cons
- Restricted to professional common bond members
- Guarantors required from same SACCO
- Minimum 3 months deposits before first loan
- Processing can take up to 72 hours
- Urban-only branch presence
- Registration fees applied
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Product Details
Features
- Strong urban professional membership base around Nairobi
- FOSA savings accounts with debit card access
- Mobile banking via MetroSACCO app
- Salary check-off across TSC and civil service
- Dividends averaging 10-12% historically
- 4x deposits development loan tenure
- School fees, emergency, and asset financing products
Eligibility Requirements
Age: 18 - 60 years
Employment: TSC teachers, Civil servants, Corporate salaried 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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