Ollin Sacco is among top Saccos in Kenya. We provide details about how to join the Sacco, customer care contacts, loans, savings products, paybill and dividends.
How to become a member of Ollin Sacco
One only needs to fill a membership application form and attach a copy of his/her national ID/Passport. Application forms are available in all our branches and also can be downloaded from our website.
Ollin Sacco Loans
There are short term and long term loans.
Ollin Sacco Short Term Loans
Emergency Loan
Features:
- The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
- Competitive interest rate.
- Repayment period is 12 months.
- The loan is secured by guarantors.
Stawi Loan
Features:
- Accessible through Mobile Banking: *645#
- Payable in upto 3 installments
- Salary based loan
- Salary must pass through the Sacco for at least 3 consecutive months.
Education Loans
Features:
- The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
- Competitive interest rate.
- Repayment period range between 12 months to 24 months.
- The loan is secured by guarantors.
- The loans are instant.
Fanikisha Loan
Features:
- The loan is processed the same day.
- Competitive interest rate.
- Repayment period of 18 months.
- Security is guarantors.
Salary Advance Loans
Features:
- Repayment period is between 1 to 3 months.
- No guarantors required.
- Competitive interest rate.
- Accessible via mobile banking platform *645#
Alpha Loan
Features:
- The loan is processed the same day.
- Maximum amount qualified is Ksh 200,000.
- 40% is rolled back to the deposits.
- Competitive interest rate.
- Repayment period of 36 months.
- Security is guarantors.
Business Loans
Features:
- A member saves for at least two months.
- Repayment period of up to 60 months.
- Competitive interest rates.
- Loan is secured by guarantors or collateral.
Stop Gap Loan
Features:
- The applicant has to produce evidence that the pension will be channeled through the SACCO.
- The applicant should have cleared all loans before retirement.
- Maximum qualified amount is 90% of the ones deposits.
- The loan will be recovered once the lumpsum is received.
- Competitive interest rate.
Pamoja Loan
Features:
- Repayment period is 60 months.
- The group to operate a savings account for 3 months.
- Competitive interest rate.
Scholars Loan
Features:
- This is a checkoff loan
- Instant processing
- Competitive interest rate
- The Maximum repayment period is 24 months.
- The loan is appraised using 1/3 basic salary rule as per government regulations
- Secured by guarantors
Long Term Loans
Capital Loan
Features:
- The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
- Competitive interest rate.
- Repayment period is 84 months.
- Applicant to have a minimum share capital of Kshs. 40,000.
- The loan is secured by guarantors/collateral.
Investment Loan
Features:
- The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
- Competitive interest rate.
- Repayment period is 72 months.
- The loan is secured by guarantors/collateral.
Development Loan
Features:
- The loan is 3 times multiplier subject to 1/3 rule as per government regulations.
- Competitive interest rate.
- Repayment period is 72 months.
- The loan is secured by guarantors/collateral.
Prime Loan
Features:
- This is a check off loan for members in the TSC and civil service only.
- The loan to be appraised using 1/3 basic salary rule.
- The loan to be 5 times member deposits.
- Maximum repayment period is 84 months.
- Competitive interest rate.
- Security will be guarantors.
Ollin Premium Loan
Features:
- This is a check off loan.
- The loan requires 20% of loan to be rolled back to deposits.
- Repayment period is 96 months.
Estate Loan
Features:
- Loan qualified is subject to 75% of monthly rental income.
- Competitive interest rate.
- Repayment period is 72 months.
- Valuation of the property has to be done.
- Property is charged in favor of the SACCO as security of the loan.
Supa Loan
Supercharge Your Financial Goals with the Supa Loan! Exclusively for salaried members in the private sector, this loan is your key to achieving your financial goals. Access funds for personal needs, investments, or emergencies with ease. Enjoy competitive interest rates, flexible repayment options, and convenient application processes.
Members needs to save for at least 2 months.
- The loan is 5 times multiplier.
- Competitive interest rate.
- Repayment period is 60 months.
- The loan is secured by guarantors/collateral.
Fosa Loan
Features:
- This is an instant loan to a maximum of Kshs. 2,000,000.
- Competitive interest rate.
- Repayment period is 72 months.
- The loan is secured by guarantors/collateral.
Personal Savings products
Ordinary Savings Account
Features:
- Competitive interest rates.
- No withdrawals limits.
- Use VISA branded ATM and mobile banking to operate the account.
- No ledger fees.
Fixed Deposit Account
Features:
- Competitive interest rates.
- Reasonable minimum amount of KSh. 20,000
- Can be used to access a loan.
- You forfeit interest if you withdraw before maturity.
Call Deposit Account
Features:
- The funds can be recalled any time and earn interest.
- Earn interest on daily basis.
- Competitive interest rates.
Joint & Business accounts
Joint Account
Features:
- Competitive interest rates.
- No withdrawals limits.
- No ledger fees.
Group Savings Account
Features:
- No ledger fees.
- The group can access a loan(Pamoja Loan)
Business Account
Features:
- Competitive interest rates.
- Withdrawals charges is Ksh. 50.
- No withdrawals limits.
- No ledger fees.
Zion Account
This is a savings account for registered churches.
Features:
- No ledger fees.
- Competitive interest rates
- The church can access Zion loan
Future Savings Account
Stop Gap Account
Features:
- Earns competitive interest rates which are compounded annually.
- Withdrawals are done after retirement.
- No minimum opening and operating balance.
- No ledger fees.
Education Scheme Account
Features:
- The account shall be operated by the parent or guardian.
- Minimum contribution time shall be 3 years to a maximum of 15 years.
- Withdrawable at maturity either in lump sum or on agreed terms.
- Will earn attractive interests rates.
- The Sacco shall invite the child for a mentorship programme annually upon attainment of 14 years up to the age of 22 years.
- Upon death of the contributor, the fund shall be transferred to education fund to cater for the child’s education and shall be managed by a guardian.
Mapato Savings Account
Features:
- The account holders can save on daily, weekly or monthly basis.
- No minimum balance.
- Withdrawal charges from the account are Ksh. 20.
Ollin Sacco paybill number
Paybill: 480587
How to Deposit Money to your Sacco account directly from your Mpesa for Free.
Steps to follow:
- Go to Mpesa Option
- Select Lipa Na Mpesa
- Select Pay bill
- Enter Business Number 480587
- Enter your Sacco account number
- Enter the amount
- Enter Mpesa PIN and Complete the transaction
Ollin Sacco Branches and Contacts
Kerugoya – Head Office 0724 256 461
Mwea Branch 0722 781 092
Kitengela Branch 0724 483 753
Kiserian Branch 0740 485 382
Kimana Branch 0740 485 382
Kianyaga Branch 0794 897 111
Narok Branch 0707 031 630
Thika Branch 0790 271 036
Kijiado Branch 0707 557 304
Nairobi Branch 0748 670 430
Ollin Sacco Customer Care Contacts
Kerugoya Branch: 0724 256 461
Hotline: 0748 031 001
Whatsapp: 0724 483 753
Email : info@ollin.co.ke
P. O. Box : 83 – 10300
Kerugoya
Kerugoya, Mwea, Kitengela,
Kiserian, Kimana – Loitokitok, Kianyaga, Narok, Thika, Nairobi
