Savings & Loans
Salary Loan at OKE SACCO
Access fast, convenient financing with our Salary Loan designed for employed members. Get loans of up to 3 times your monthly salary with repayment automatically deducted from your paycheck. This product offers our most streamlined approval process for workers with verifiable income.
Key Benefits:
Quick Disbursement: Funds released within 48 hours of approval
Automatic Repayment: Convenient salary deductions
No Collateral Required: Your employment contract secures the loan
Lower Interest: Just 15% p.a. (our most competitive rate)
Requirements:
- Current employment letter (not older than 3 months)
- Minimum 6 months SACCO membership
- 3 most recent pay slips
- Employer’s SACCO check-off agreement
- 10,000 UGX processing fee
Collateral Options::
• Your SACCO savings balance
• Share certificates
• Household assets
• Land/property agreements
• Business inventory
- Amount: 1-3 months' salary (maximum 10,000,000 UGX)
- Term: 3-12 month repayment periods
- Processing: 24-48 hours after submission
- Interest: 18% Flat