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Comprehensive Loan Solutions

ALARM SACCO offers a diverse range of loan products tailored to meet your unique financial aspirations, from personal development to business growth.

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Short-Term & Educational Loans

Quick solutions for urgent needs and dedicated support for educational pursuits.

Emergency Loans

Designed to assist members in critical or urgent financial obligations with fast approval.

  • Purpose: Critical or urgent financial needs.
  • Interest Rate: 1.25% on reducing balance.
  • Repayment Period: 12 months.
  • Requirements:
    • Current payslip
    • Three (3) guarantors
    • One (1) supporting document
    • One (1) witness

School Fee Loans

Processed for members to meet school fees requirements for their children, ensuring uninterrupted education.

  • Purpose: Meeting school fees requirements.
  • Interest Rate: 1.25% on reducing balance.
  • Repayment Period: 12 months.
  • Requirements:
    • Current payslip
    • School fee structure
    • Adequate guarantors
  • Processing: Available from January to March every year.

University / College Loans

Specifically designed for members to cover college and university fees for themselves or their children.

  • Purpose: Covering college/university fees.
  • Interest Rate: 1.25% on reducing balance.
  • Repayment Period: Up to 2 years.
  • Requirements:
    • Current payslip
    • Copies of guarantors ID Cards
    • Joining instructions from the college/university
    • Five (5) guarantors

Development & Quick Access Loans

Fuel your long-term growth projects or get immediate funds for urgent needs.

Normal / Development Loans

Aids members in long-term income-generating assets and activities, fostering sustainable financial growth.

  • Purpose: Long-term income-generating assets/activities.
  • Interest Rate: 1.25% on reducing balance.
  • Repayment Period: 48 months.
  • Requirements:
    • Current payslip
    • Five (5) guarantors
    • Copy of guarantors National Identification Cards
    • One (1) witness
    • Phone numbers of guarantors

Instant Loans

A short-term loan for immediate day-to-day issues and rent payments, with quick processing and recovery in the same month.

  • Purpose: Day-to-day issues, rent payments.
  • Interest Rate: 1.5% straight line.
  • Repayment: Recoverable in the same month.

Special & Asset Acquisition Loans

Loans to assist with occasional urgent needs or significant asset purchases.

Special / Item Loans

Processed to assist members meet their urgent, occasional needs, or acquire specific items. Quotations for items are required.

  • Purpose: Urgent needs, occasional items.
  • Interest Rate: 2.0% straight line.
  • Repayment Periods: 3 months and 6 months respectively.
  • Requirements: Written quotations for items.

Motorbike, Tuk-Tuk, Vehicle & Other Item Loans

Specialized loans for acquiring income-generating assets like motorbikes, tuk-tuks, vehicles, or other business items.

  • Purpose: Acquiring specific income-generating assets.
  • Interest Rate: 2.0% straight line.
  • Repayment Period: 30 months.

Repurchase / Top-up Loans

These loans are for members who need to complete a project that was started but not yet finished, allowing for additional funding by restructuring existing loans.

  • Purpose: Complete unfinished projects or restructure existing loans.
  • Interest Rate: 1.25% on reducing balance.
  • Repayment Period: 48 months.

Downloadable Forms

Find all necessary forms for loan applications, membership, claims, and other SACCO services here.

New Member Form

Join ALARMS SACCO by filling out this application form.

Download Form

Member Dependant Form

Register your dependants under your SACCO membership.

Download Form

Item Loan Form

Apply for loans on items such as electronics, furniture, etc.

Download Form

School Fees Loan Form

Apply for school fees support through this form.

Download Form

Instant Loan Form

For fast-track, short-term loans with minimal paperwork.

Download Form

Emergency Loan Form

Use this form to apply for emergency financial assistance.

Download Form

Special Loan Form

Tailored loan options for unique or high-value needs.

Download Form

Welfare Claim Form

Submit claims related to member welfare benefits.

Download Form

Welfare Constitution

Review the full constitution governing the welfare program.

Download Document

Withdrawal Request Form

Request a withdrawal from your SACCO accounts.

Download Form

Item Long-Term Form

For long-term financing of assets or equipment.

Download Form