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Sacco long term loan application form

Tembo sacco 2025

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The document is a loan application form for Tembo Sacco Limited, detailing the necessary information required from applicants including personal, employment, financial, and business details. It outlines various loan types (Normal, Jumbo, Jijenge), their respective terms, conditions, and interest rates. The form also includes sections for guarantors and collateral security, as well as a disclaimer regarding credit profile access. Additionally, it specifies the requirements for loan approval and repayment obligations.

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Click ‘Get Form’ to open the tembo sacco application in the editor.
Begin by entering your full names, member number, and ID/Passport number in the designated fields. Ensure all personal information is accurate.
Fill in your contact details including cell phone, email, and permanent address. This information is crucial for communication regarding your application.
In the Loan Application Details section, select the type of loan you are applying for (Normal, Jumbo, or Jijenge) and specify the loan amount both in figures and words.
Provide details about your employment status including employer name, terms of employment, and duration of employment. If on contract, specify the contract period.
Complete the Financial Information section by indicating if you have existing loans with other institutions and providing relevant details if applicable.
Fill out the Business Details section if applicable, detailing your business name, registration number, KRA PIN, and financial metrics.
Lastly, review all sections for accuracy before signing and dating your application at the end of the form.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the minimum deposit for a Tembo sacco?

Sacco Deposits Contribution Deposits represents money that a member can be refunded back upon placing prior notice when they decide to leave the SACCO. The minimum monthly contribution is Ksh. 1000.

What is the short term loan for Tembo Sacco?

Maximum that one can qualify for at any one time is Ksh 300,000. Interest rate 1% per month on a reducing balance. Repayment period up to 24 months. Minimum of 3 guarantors who should be members of the Sacco and must cover the whole loan.

How to join Tembo Sacco?

Tembo SACCO provides for open membership for anyone who meet the following Requirements: Must be a person of 18 years and above, either employed or self-employed carrying out a legal activity in Kenya. Must duly complete the membership application form and the nominee Form. Must have a copy of the national ID.

What is the minimum for a deposit?

What is the minimum deposit for a mortgage? The minimum deposit you need for a Nationwide mortgage is 5% of the property price, which would be a 95% mortgage. Eligibility criteria applies.

What is the minimum deposit for bonds?

Requirements to buy FGN Bonds Payments for the allotment are payable in full on application. Minimum of N50,001,000.00 and multiple of N1,000.00, thereafter.

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Which is the best saving sacco in Kenya?

Here are 5 Saccos in Kenya with the highest dividend yield 1. Nyati Sacco with 21% dividend yield 2. Tower Sacco with 20% dividend yield 3. Nation Sacco with 18% dividend yield 4. Police Sacco with 17% dividend yield 5. Hazina Sacco with 17% dividend yield #saccosinKenya #bestSaccosinKenya #saccoKenya #bestsaccos.

What is the interest rate for the Tembo Sacco loan?

Repayment period up to 72 months. Interest Rate 1.25% per month on a reducing balance. Minimum of three guarantors who must fully cover the loan amount. The loan is insured against death or total disability under loan guard policy.