Below are important details about Orient Sacco Loans, membership requirements, paybill and contact details:
Orient Sacco Contacts
Address:
Thika Section 9, Former CDF offices , Orient Sacco Building P.O Box 1842-0100, Thika, Kenya
Call Us:+254712 911 888, +254759490726
Email: info@orientsacco.co.ke
Working Hours:
Monday to Friday 08:30 a.m to 04:00 p.m, Saturday 8:30a.m-12:00pm, Closed on Sundays and Public holidays.
Savings Products
ORIENT SAVINGS ACCOUNT
- This is a normal account open to all. Members are able to accrue savings and it is available to them at their convenience.
FEATURES
- Minimum balance of Kes500
- No ledger fee
- Mobile banking services
- SMS alerts.
ORIENT MWANANGU ACCOUNT
This account helps to plan for school fees needs.
FEATURES
- Withdrawals allowed once in every 3 months
- Minimum balance of Ksh 1000
- No ledger fee
- Mobile banking
ORIENT GROUP ACCOUNT
This account is available to Chamas, Investment groups, family groups among others.
Features
- Group must be registered.
- Mobile banking services.
- No ledger fee
- Minimum balance of Ksh 500
ORIENT JOINT ACCOUNT
This Account is for Individuals with like minds come together and agree to save, access credits or invest. This account suits you best.
Features
- Minimum balance of Kes500
- Mobile banking
- No ledger fees
- SMS Alerts.
ORIENT MKULIMA ACCOUNT
This account is available to farmers i.e. coffee processing, tea, milk and other farm products.
Features
- Minimum balance of Kes500
- Mobile banking
- SMS Alerts
- Qualifies for advances.
ORIENT FIXED ACCOUNT
Designed to benefit an investor who fixes an amount and after an agreed period of time they get their amount back having earned them an interest.
Features
- Minimum balance of Kes50,000
- Minimum period of 3 months.
- Attractive interest rates.
ORIENT SALARY/PENSION ACCOUNT
Salaries/Pensions are channeled through this account.
Features
- Minimum balance of Kes500
- No ledger fee
- Mobile banking
- SMS Alerts
- Qualify for advances.
Orient Sacco Loans
MILLENIUM 36
The product is designed for members who have the capacity to repay through payroll.
Features
- Maximum repayment period is 36 months.
- You can borrow up to 3 times your savings.
- Check off mode of payment.
- Salaries channeled through Orient Fosa account is an added advantage.
- Attracts affordable interest rates.
Other Benefits
For Salaries channeled through Fosa account, one may qualify for salary account offers too.
FOSA DEVELOPMENT LOAN
The product is designed for members who have the capacity to repay through payroll.
Features
- Loan is repayable within a maximum of 48 Months
- Uses a Check off mode of payment
- Proof of ability to pay through payroll.
- Salaries channeled through Orient Fosa account is an added advantage
- Attracts affordable interest rates
Other Benefits
For Salaries channeled through Fosa account ,one may qualify for salary account offers too.
ASSET FINANCE
The product is designed for members who wish to be financed to buy assets
Features
- Maximum repayment period is 12 months for the First loan.
- You can borrow up to 3 times your savings
- Save for at least 3 to 6 months
- The loan is secured against the asset.
With only 30% of the asset price, Orient Sacco have got you covered, we take care of the rest of the asset price.
ONE YEAR ADVANCE
- The product is designed for members whose salaries are channeled via Orient Sacco and also for members with ability to pay through check off mode
- Loan is repayable within a maximum of 12 Months
- Attracts affordable interest rates.
- Open for all members.
Other Benefits
For Salaries channeled through Fosa account , one may qualify for salary account offers too.
CHAMA/ GROUP LOANS
The product is designed for groups and chamas have an account with Orient Sacco
Features
- Repayment period is 12 months for the first loan.
- You can borrow up to 3 times your savings.
- Attracts affordable interest rates.
- Group must be registered.
Other Benefits
For Salaries channeled through Fosa account , one may qualify for salary account offers too.
SALARY ADVANCE
- The product is designed for members whose salaries are channeled via Orient Sacco and also for members with ability to pay through check off mode
Features
- Salary must be channeled through Orient account for at least two consecutive months
- Repayment period is 3 months.
- Attracts affordable interest rates
ORIENT BIASHARA
The product is designed business people who have opened an account with Orient Sacco.
Features
Repayment period is 12 months for the first loan
3 times your savings
Orient Sacco Paybill Number
Psybill:802400
How do I join Orient Sacco?
Download the membership application form from our website, fill all the fields and attach your passport photo and a copy of your ID. After filling the form, scan the documents and send them to us through info@orientsacco.co.ke
Is there a joining fee?
The minimum balance is Ksh 500. For Mwanangu account the minimum balance is Ksh 1000
and fixed deposits account the minimum balance is Ksh 50,000.
Is there a minimum monthly contribution?
No, your savings and investment goals should be your motivation
For how long should I save to qualify for a loan?
You need to save consistently for at least 3 to 6 months.
What type of security do I need when applying for a loan?
You need to have Guarantors. Currently, the Sacco has also opened up to other
forms of security e.g. Tittle Deeds, Logbooks.
What documentation do I need when applying for a loan?
You need to fill in a loan application form (Downloadable from our Website) ,attach copy of ID ,latest certified payslip (Also If on Check off arrangement).
For those not on check off arrangement with the Sacco, present your latest certified and bank Statement/s for the last 6 Months from the date of application.
This applies to Long term loans