Below are loans offered by Apstar Sacco,membership requirements,loans and contacts:

Apstar Sacco Savings products

Savings Accounts

Savings Accounts provide opportunities to individuals and corporate bodies to accumulate regular savings. The Society offers both medium and long-term savings accounts to members

FOSA Savings Account

Ksh. 1000 / Opening/ minimum Balance

• Held by all members joining the Sacco for their banking transactions
• No monthly ledger fees
• Used for Salary processing
• Can be accessed through Visa Branded ATM Cards and Mobile Banking Services(Apstar kash)
• Free Internal Standing Orders
• No limitation on Cash withdrawals
• Opening/minimum balance Kshs 1,000/=

Holidays Savings Account

No / Monthly ledger fees

• Enables members to save for their holidays
• Interest rates determined from time to time
• No monthly ledger fees

Junior Savings Account

Ksh.1000 / Minimum Balance with no ledger fees

• Savings Account for SACCO member’s children under 18 years of age
• Competitive Interest rates determined from time to time
• Can be accessed through Mobile Banking Services(Apstar kash)
• ID/passport of parents/Guardian is required
• Birth Certificate/notification of the child
• Minimum Balance Kshs.1000/= with no ledger fees

Elimu Savings Account

No / Monthly ledger fees

• Enables members to save for future educational needs.
• Free school fees bankers cheques
• Interest rates determined from time to time

Apstar Sacco Paybill Number

Apstar Sacco Paybill Number is 953400

How to transfer money to Apstar Sacco via Mpesa Paybill Number

• Go to Mpesa
• Select Lipa Na Mpesa
• Select Paybill
• Enter Business Number ( 953400)
• Enter Account(ID or membership number)
• Enter amount
• Enter Mpesa Pin and send

How to Apply for ATM Card

• Fill the Atm Application Forms which are available from our website or any of our branches
• Attach Copy of Your National ID
• Present the forms to the nearest branch for verification and application
• Once ready the card and PIN Mailer will be sent to your nearest Branch for Collection
• We have Instant ATM Cards which are issued When you Visit any of our Branches, For Nairobi Branch Its same day Service other Branches takes two days

Member Investment Products

Share Capital

A transferable but not withdrawable minimum amount of KSh.30,000 contributed by every member to earn a determinable divided from time to time but cannot be used for loan eligibility. The share capital can be increased through dividend capitalization, cash payment or purchase of shares from member wishing to withdraw from the Sacco. One may also request to transfer Sacco Deposits to Share Capita

Sacco Deposits

These are deposits accumulated from the monthly contributions

• Earns annual interest
• Refundable on withdrawal
• Used as security for loans
• Can be increased through capitalization of annual interest on deposits or cash payments
• Can be boosted or purchased through new loan application

Haba na Haba Deposit Account

• This is a special voluntary non-withdrawable savings account

Sacco Deposits

These are deposits accumulated from the monthly contributions

• Earns annual interest
• Refundable on withdrawal
• Used as security for loans
• Can be increased through capitalization of annual interest on deposits or cash payments
• Can be boosted or purchased through new loan application

Its objective is to promote a culture of wealth accumulation

Fixed Deposit Account

• Opening statement to be drafted
  • Open to both banking and back office members
  • Higher returns than ordinary deposits
  • No monthly contribution is required

Ordinary Fixed Deposits Account

• Has competitive rates

Flex Fixed Deposits Account

• Minimum period is 12 months

Hifadhi Fixed Deposits Account

• Membership withdrawal funds or any other monies are held on a fixed account
  • Can be accessed by member in phases of agreed installments as the balance earns interest to the member.

Apstar Sacco Loans

Super Loan

Our 96-month loan offers an unrivaled advantage, granting you the freedom to spread your payments over an extended period. This extended term allows for smaller monthly installments, making it easier and accommodates low income earners to manage your finances while still enjoying the benefits of the loan.

Jitegemee Loan

84 Months Loan Period

Our 84-month loan product offer an extraordinary opportunity to finance your dreams. With an extended term, this loan provides you with the flexibility and affordability you need to achieve your goals

Development Loan

60 Months Loan Period

Unlock your potential with our 60-Month Development Loan! Whether you’re an ambitious entrepreneur seeking to Fastrack your loan repayment our financing solution empowers you to bring your visions to life. With flexible terms, affordable interest rates, and dedicated support, we’re here to fuel your growth and drive your success.

FOSA Daima Loan

72 Months Loan Period

Discover your financial potential with our exclusive 72-month loan, specially designed for individuals channeling their salary through FOSA.

FOSA Flex Loan

60 Months Loan Period

Introducing our exclusive 60-month loan offer designed specifically for members who choose to channel their salary through FOSA while enjoying the convenience and benefits of a trusted banking partner.

FOSA Fahari Loan

48 Months Loan Period

Embrace the possibilities that await you with our 48-month loan for members channeling their salary through FOSA designed to provide you with the means to accomplish your goals, this loan option offers a structured repayment plan over a four-year period.

Chipukizi Loan

48 Months Loan Period

Targeted to new members particularly newly employed staff in the Counties, Government ministries, parastatals and government agencies provided it is ones first loan in the Society. At least one month’s check-off remittance or two months’ salary through Fosa for one to qualify. Part of the loan funds are deducted and retained to the member’s deposit account to ensure deposit balance of at-least one third of the loan amount.

Medium Term Loan Products

Our medium-term loans are for tenures ranging from 12 to 36 months specifically designed to cater to individuals and businesses seeking financing for investment and development purposes, with a particular focus on refinancing. With our competitive interest rates and flexible repayment options, we provide the financial support you need to make your investment goals a reality.

Additional Loan

Introducing our revolutionary 30-month refinancing loan, designed to empower you with financial freedom and accelerate your projects completion timelines. This loan product combines the flexibility of a shorter-term commitment with the advantages of refinancing, allowing you to unlock significant savings and reclaim control over your finances.

La Riba Advance Loan

Targeted to members who are obliged to be shariah compliant.
Repayable within 36 Months.
Zero interest.
Maximum loan up to 2 times deposits.
Upfront administration fee applies

Short Term Loan Products

School Fees Loan

With skyrocketing education costs, we understand the financial burden families face. That’s why we have a solution that removes the barriers to education and paves the way for a brighter future. Our school fees loan provides accessible and flexible funding options, ensuring that no student’s dreams are out of reach.

Emergency Loan

When every second counts and financial support is paramount, our powerful Emergency product provides a lifeline in times of emergency. Get access to funds within 24 hours with minimal hassle, enabling you to conquer unexpected challenges.

Mahitaji Loan

This is a revolutionary mobile phone loan product designed to transform the way you connect, communicate, and conquer the digital world. For those who crave the latest technology but prefer flexible payment options, our one-month mobile phone loan is a gateway to unlocking unlimited possibilities.

Bima Loan

Experience the power of our loan product, offering a seamless and convenient way to manage your insurance payments. Maximum loan term of 12 Months and salary through FOSA is a mandatory requirement.

Makao Home Loans

Our two mortgage loan products to members are based on the refinancing policies and requirements of the Kenya Mortgage Refinance Company (KMRC) who are our key stakeholders. The mortgages are therefore offered at terms that meet the affordable housing agenda of the National Government. The mortgage is strictly for purchase or construction of owner occupier residential houses or homes only.

Makao Halisi Loan

The mortgage is strictly for purchase or construction of owner occupier residential houses or homes only.

• Accessible to Sacco members whose gross monthly income is Kshs 200,000/- and below.
• The maximum loan is Kshs 8.0 Million.
• Interest rate is 8.0 % per annum.
• Maximum loan tenure is 20 years.
• Security for the loan is strictly collateral

Makao Bora Loan

The mortgage is strictly for purchase or construction of owner occupier residential houses or homes only.

• Accessible to Sacco members whose gross monthly income is above Kshs 200,000/-
• The maximum loan is Kshs 10.5 Million..
• Interest rate is 9.5% per annum.
• Maximum loan tenure is 20 years.
• Security for the loan is strictly collateral

Business Loan

The Micro Credit Loans break down the barriers of traditional lending, igniting the spark of innovation and enterprise in even the most marginalized corners of society.

Behind every Micro Credit Loan lies a story of resilience, determination, and untapped potential. From the street vendor who dreams of expanding her business to the farmer yearning for modern equipment to enhance agricultural productivity, these loans serve as catalysts for change, enabling individuals to break free from the shackles of poverty and chart a path towards a brighter future. All it takes is for you to bank your business income with us and have flexible security that requires either collateral or guarantors.

Introducing Apstar Sacco Seniors Afya Plan

Access affordable medical service after post service

Age	Family size	Plan I	Plan II	Plan III	Plan IV	Plan V	Plan VI
Benefit Limit Ksh		300	000	500	000	1	000
60 – 65	M	46	675	50	885	62	138
	M+1	87	398	95	293	116	360
66 – 70	M	53	761	60	202	72	384
	M+1	100	737	112	820	135	643
71 – 75	M	65	259	73	819	87	304
	M+1	122	381	138	457	163	742
76 – 80	M	79	619	90	978	108	061
	M+1	149	480	170	839	202	902
81 – 85	M	97	782	112	860	134	589
	M+1	183	863	212	259	253	096

 

Inpatient only (Inpatient, Maternity and Last Expense)

The benefits limit is up to Kshs 100,000/-, Kshs 200,000/- and Kshs 300,000/- with respect to options I, II and III respectively.

Plan	Member Only	Member Plus up to 6 Dependents	Additional Dependents above 6
Option I	2	500	7
Option II	3	200	10
Option III	3	800	12
Cedric Kelly	Senior Developer	Remote	28

Apstar Sacco Seniors Afya Plan

Members with Deposits
Age eligibility is from 60 – 80 years
Cover allows only one legal spouse as a dependent of the principal member.
Additional spouses can be included on cover as principal members Introducing Apstar Seniors Afya Plan “You’re only as old as you feel” Cover available to:
Members with Deposits
Age eligibility is from 60 – 80 years

Apstar Sacco Jamii Afya Plan

Maximum age is 70 years
The product is available either as a family package allowing up to six dependents or as a member only.
Any family beyond M + 6 attract a minimal additional premium to cover the extra dependents.
Apstar Jamii Afya Plan Experience Peace of mind in respect to your health care Cover available to Apstar Sacco members who are:
Ideal for a group or Family cover
Maximum age is 70 years
Get this l as a family package allowing up to six dependants or as a member only. Any family beyond M + 6 attract a minimal additional premium to cover the extra dependents.

Apstar Sacco Membership Requirements

Individual Membership

The product requires that one to complete a Membership Application Form available on Sacco Website,
attach copy of their Kenyan National Identity Card or Valid Kenyan Passport a colored passport size
photograph, their current or latest pay slip where applicable and a copy of their valid KRA Pin Number.

Corporate Membership

Complete Corporate Membership Application Form available on the society website for download to be
attached to minutes of the group’s meeting resolving to join Apstar Sacco. The corporate is required to
attach account operation mandates and resolution alongside the group’s Constitution and memorandum
of articles, copies of Kenyan National Identification Cards or Valid Kenya Passports with colored passport
size photograph of authorized signatories. Also required are a copy of Kenyan registered certificate/
Incorporation, a list of group members indicating ID numbers or up to date CR12 and the company/group’s
KRA PIN

Group Diaspora

Complete Group Diaspora Membership Application Form available on the society website for download.
Applicant groups are required to attach minutes of the group’s meeting resolving to join Apstar Sacco
group’s constitution and memorandum of understanding attached together with copies of valid Kenyan
passports and colored passport size photograph of authorized signatories together with copy of group’s
registration certificate.

Apstar Sacco Branches and Contacts

• Bungoma Satellite Office
  • Ebenezer Building, Moi Avenue, Ground Floor, Bungoma
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Eldoret Branch
  • Sirikwa Hotel Building, Oloo street P.O. Box 6703-30100 Eldoret, Eldoret
  • 053-2032346
  • eldoretbranch@apstarsacco.coop
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri
• Embu Branch
  • Eastern Emporium Building 3rd Floor, Kenyatta Avenue P.O. Box 992-60100 Embu, Embu
  • 068-2231325
  • embubranch@apstarsacco.coop
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Head Office:
  • 30788
    Ukulima Co-Operative House, Haile Selassie Avenue, P.O. Box 44071 00100, Nairobi-Kenya, Nairobi, 00100
  • +254-0111035600
  • contact@apstarsacco.coop
  • 08:30 AM – 04:00 PM
  • Mon, Tues, Wed, Thur, Fri

Directions

• Kakamega Branch
  • AFC building, Kisumu Kakamega Highway Next to Kakamega Police Sacco, Kakamega
  • 020-278500
  • kkbranch@apstarsacco.coop
  • 08:30 AM – 04:00 PM
  • Mon, Tues, Wed, Thur, Fri

Directions

• Kilifi Satellite Office
  • Tetanic Building, Biashara Street, Ground Floor, Kilifi
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Kisii Branch
  • Mocha Place, Kisii – Kisumu Road, Kisii
  • 020 2785450
  • kisiibranch@apstarsacco.coop
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Kisumu Branch
  • United Mall Ground Floor, Wing A P.O. Box 1378-40100 Kisumu, Kisumu
  • 057-2020169
  • ksmbranch@apstarsacco.coop
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri
• Kitale Satellite Office
  • Mega center, Mezzanine floor, Kitale
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Kitui Satellite Office
  • Muli Mall, Biashara Street, 1 st Floor, RM 38, Kitui
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Meru Branch
  • Green wood city mall, Mwendatu Road, Meru
  • 020 27858700
  • merubranch@apstarsacco.coop
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Migori Satellite office
  • Creadex Building, 1 st Floor, Rm 104, Migori
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat
• Mombasa Branch
  • Bahman Trust Building Mikindani Street P.O. Box 86051-80100 Mombasa., Mombasa
  • 041-2312444
  • mbsbranch@apstarsacco.coop
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri
• Nakuru Branch
  • KFA Building Geoffrey Kamau Way, Nakuru
  • 020-2785350
  • nakurubranch@apstarsacco.coop
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri
• Narok Satellite Office,
  • Suleiman House, Nairobi Mai Mahiu highway, 2 nd Floor, RM 32., Narok
  • 08:30 AM – 04:30 PM
  • Mon, Tues, Wed, Thur, Fri, Sat