Palscity Sacco Loan Products
Pals Instant Mobile Loan
You can apply for a loan immediately after joining Palscity Sacco and receive funds within 10 minutes. Enjoy personalized service from a knowledgeable representative. You don't need a credit check to apply and we don't review your credit history.
Value Range
- Minimum Kshs 500 – Maximum Kshs 10,000
Loan Features
- Applicable amount up to 120% of personal savings
- Repayment period up to 6 months
- Interest rate: 12% p.a
- Processing fee of 3% charged on the principal amount
Terms and conditions
- Must be a Sacco member and paid registration fee
- Duly filled membership and loan application forms
- Purchased minimum shares of Kshs 1,000
Palscity Sacco Loan Products
Pals Business Loan
Business loans are the perfect option for entrepreneurs looking to take the next step in their business.
Value Range
- Minimum Kshs 10,000– Maximum Kshs 50,000
Loan Features
- Applicable amount up to x3 of personal savings
- Repayment period up to 12 months
- Interest rate: 12% p.a
- Processing fee of 3% charged on the principal amount
- Loan top-up allowed during the loan term.
Terms and conditions
- Must be a Sacco member for a period not less than 6 months
- Duly filled membership and loan application forms
- Purchased minimum shares of Kshs 1,000
- Fully guaranteed by savings
Palscity Sacco Loan Products
Pals Development Loan
This is a long term loan granted to our members for their own personal development e.g. buying of land, property or any project.
Value Range
- Minimum Kshs 2,000 – Maximum Kshs 20,000
Loan Features
- Applicable amount up to x3 of personal savings
- Repayment period up to 12 months
- Interest rate: 12% p.a
- Processing fee of 3% charged on the principal amount
Terms and conditions
- Must be a Sacco member for a period not less than 6 months
- Duly filled membership and loan application forms
- Purchased minimum shares of Kshs 1,000
- Fully guaranteed by savings
Palscity Sacco Loan Products
Pal Asset Loan
Our solutions will help you get your hands on all assets you need for your home or business. We provide solutions to help you purchase laptops & appliances and more.
Value Range
- Minimum Kshs 1000 – Maximum Kshs 40,000
Loan Features
- Borrow up to x3 of personal savings
- Repayment period up to 12 months
- Interest rate: 12% p.a
Terms and conditions
- Must be a Sacco member for a period not less than 6 months
- Duly filled membership and loan application forms
- Purchased minimum shares of Kshs 1000
- Fully guaranteed by savings
Palscity Sacco Loan Products
- Pals Salary Advance
- This is a type of loan you can take out if you have a stable monthly income. If you need something done and its not yet pay day or you are having a salary delay, this loan can help you sort out the necessary and pay later.
Value Range
- Minimum Kshs 1000 – Maximum Kshs 10,000
Loan Features
- Applicable amount up to 50 %of your monthly income
- Repayment period of less than 1 month
- Interest rate: 12% p.a
- Processing fee of 3% charged on the principal amount
Terms and conditions
- Must be a Sacco member for more than 3 months
- Duly filled membership and loan application forms
- Purchased minimum shares of Kshs 1,000
Palscity Sacco Loan Products
- Pals Salary Advance
- This is a type of loan you can take out if you have a stable monthly income. If you need something done and its not yet pay day or you are having a salary delay, this loan can help you sort out the necessary and pay later.
Value Range
- Minimum Kshs 1000 – Maximum Kshs 10,000
Loan Features
- Applicable amount up to 50 %of your monthly income
- Repayment period of less than 1 month
- Interest rate: 12% p.a
- Processing fee of 3% charged on the principal amount
Terms and conditions
- Must be a Sacco member for more than 3 months
- Duly filled membership and loan application forms
- Purchased minimum shares of Kshs 1,000
Palscity Sacco Loan Products
Pals Normal Loan
We designed The Normal Loan to address normal everyday needs. You don't need a specific reason, or proof of purpose like credit score, or anything else.You can use it for anything from groceries to rent payments
Value Range
- Minimum Kshs 1,000– Maximum Kshs 10,000
Loan Features
- Applicable amount up to x3 of personal savings
- Repayment period up to 12 months
- Interest rate: 12% p.a
- Processing fee of 3% charged on the principal amount
- Loan top-up allowed during the loan term.
Terms and conditions
- Must be a Sacco member for a period not less than 6 months
- Duly filled membership and loan application forms
- Purchased minimum shares of Kshs 1,000
- Fully guaranteed by savings
Palscity Sacco Loan Products
School Fees Loan
We help a struggling family/Parent/guardian by funding their child's education. Whether it's primary school, secondary school, or college, we'll make sure their child has the opportunity to reach their academic potential.
Range of values
- Minimum Kshs 5,000 – Maximum 50,000
Loan function
- Sacco charges an interest rate of 12% p.a.
- The amount of the loan is up to 3 times the member's savings.
- Up to 12 months of repayments.
Terms and conditions
- Become a Sacco member for at least 6 months
- Please submit a copy of the fee structure and admission letter (for new students)
- Loan must be fully secured by membership funds
- cash deposited directly into the school account
- Must be a Sacco member properly completed on the Membership Registration Form
- Formally Completed Loan Application Form
- You must have reached the minimum stake of Kshs 1000
Virtual Helpdesk
Palscity Sacco’s main goal is Customer Focus. We have a virtual helpdesk where members can email within working hours and get a fast response to their inquiries and feedback.