Kenya Police SACCO; Loans, Branches, Contacts, Forms, Mobile services, How to join, Website and Portal login

The Kenya Police SACCO; For over 50 years, the Kenya Police Sacco has been discharging its duties and responsibilities diligently. The SACCO celebrates its birthday on February 3 every year.

Kenya Police Sacco Membership

The SACCO’s current membership stands at 70, 731 (January 2023) up from 690 officers when it was first established 50 years ago.

Kenya Police DT Sacco stadium

President William Ruto pledged Sh150 million towards the recently commissioned Kenya National Police DT Sacco Stadium.

President Ruto said the funds will go towards supporting the activities within the stadium

The Kenya Police SACCO Latest News- Are you looking for one of the best-performing SACCOs in Kenya, currently? Well. Police SACCO is one of the best and top-performing SACCOs to join. 

 

Get all the relevant information about the Kenya Police SACCO before deciding to join them. This information, provided here, is key in making an informed decision on joining SACCO; to avoid future regrets.

 

Background Information About the Kenya Police SACCO

The Kenya Police SACCO Limited is one of the oldest SACCOs in the Country. The SACCO was registered on 20th November 1972 and was issued with a registration certificate number CS/2092. The Society started with a membership of 690 and has since grown to 63,450 members. It has 12 elected members; 9 from the Board of Directors and 3 from the Supervisory Committee.

 

Why Join the Kenya Police SACCO

Joining the Police SACCO comes with a number of key benefits to the members. Some of these include:

Low-interest rates on loans

Instant M-Tawi FOSA loans

Affordable property with Investment Co-operative

High annual dividends and interest on deposits

Loan clearance on behalf of members

Minimum requirements for joining the Kenya Police SACCO

 

Joining the Kenya Police SACCO is easy. Here are the categories of individuals who can join the SACCO:

 

 

Serving and retired Regular Police Officers,

Serving and retired Administration Police Officers,

Civilian in the employment of the Kenya Police Service,

The employee of the Kenya Police Sacco Society,

Permanent employee of Utumishi Investment Limited,

Permanent employee of Ruaraka Housing Estate Limited,

Employees of the civil service,

Employees from corporate entities operating in Kenya,

Business Community and

Spouse, son, or daughter of the above members.

All that you need to do is to fill out the Kenya Police membership form that is available on their website; https://policesacco.com/

 

The Kenya Police SACCO Branches and Offices

S/NO BRANCH NAME PHYSICAL LOCATION PHONE NUMBER

1 HEAD QUARTERS ‐ NAIROBI Ngara Road, off Muranga Road 0709 825 000

2 MOMBASA BRANCH Oriental Building, ground floor, Nkurumah Road 0709 825 505

3 ELDORET BRANCH Zion Mall, Ground Floor, Eldoret – Uganda Road, Opposite Kenol 0709 825 530

4 KAKAMEGA BRANCH Daaron Foundation Trust building, Ground floor, Off Mumias Rd opposite NALA Hospital 709825560

5 MERU BRANCH Solco Plaza, Ground Floor, Moi Avenue 0709 825 590

6 NYERI BRANCH Kasturi Plaza, 1st Floor, Kimathi Street 0709 825 570

7 KISII BRANCH Mocha place, 2nd Floor, Opposite Tuskys 0709 825 551

8 NAKURU BRANCH SAILEE HSE on the GROUND FLOOR. Kenyatta Avenue opposite Nyayo Gardens 709825600

 

 

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The Kenya Police SACCO Loans.

The SACCO offers a wide range of loan facilities to members. These are:

 

Mega Loan

Repayment period is 72 months.

3 times members deposits.

Interest rate is 14.7% on reducing balance.

Salary must pass through POFOSA.

Minimum deposit contribution of KES 300,000.

Monthly deposit contribution of 12% of basic salary.

Super Loan

Repayment period is 60 months.

3 times members deposits.

Interest rate is 14% on reducing balance.

Normal Loan

Repayment period is 48 months.

3 times members deposits.

Interest rate is 12% reducing balance.

Refinancing Loan

Repayment period is 48 months

3 times members deposits

Interest rate is 12% reducing balance.

Emergency Loan

Repayment period is 12 months.

3 times members deposits.

Interest rate is 12% reducing balance.

School Fees Loan

Repayment period is 12 months.

3 times members deposits.

Interest rate is 12% reducing balance.

Muslim Loan

Available to Muslim members.

 

2 times members’ deposits.

Repayment period is 48 Months

No interest is charged on the loan.

One off commission of 2.5% of the applied amount is charged.

The member who applies for this loan is not eligible to get dividends

Muslim Emergency Loan

Available to Muslim members

 

2 times members deposits

The repayment period is 12 Months

No interest is charged on the loan.

One-off the commission of 2.5% of the applied amount is charged.

The member who applies for this loan is not eligible to get dividends.

Asset Financing Loan

The Sacco has partnered with various providers to help members purchase water tanks, solar panels, and household electronic appliances.

 

The repayment period is 24 months.

3 times members deposits

The interest rate is 12% reducing the balance

Salary Advance

Salary advances are available to members whose salary is processed through the POFOSA. There are 3 salary advance products and they include:

 

M-Sasa: This product is repayable in 3 months duration and at an interest rate of 2% per month

FOSA Flex: Is a product repayable in 6 months and at an interest rate of 3% per month

FOSA Golden: This is a newly introduced product, it is repayable within 9 months at an interest of 4% on reducing balance.

Also available are many savings services.