Location: Postbank House, 13th floor,
Banda Street , Nairobi, Kenya.
Welcome to Postbank Sacco
Postbank Regulated Non-WDT Sacco is a stable financial institution Regulated By SASRA. It was incorporated in the year 1981 with the objective of promoting thrift among members by affording them an opportunity to accumulate savings and create a source of funds from affordable credit facilities for development and productivity.
The Sacco has over 1,200 members. Membership is drawn from the Postbank staff, Postbank pensioners, Postbank Sacco staff and Postbank ex- employees. The Sacco has also opened the common bond to the general public and is accepting members from other institutions, friends and relatives of the current members. Majority (about 80%) of the membership of the Sacco comprises of the Bank’s staff that are stationed in various parts of the country.
Our Loan Products and Services
Main Loan
Members can apply for a main loan with the following features.
Main loan – 48 months (4 years)
Deposits – Main Deposits
Multiplier – main deposits x3
Interest rate – 1% on reducing balance
Minimum monthly contribution – Kshs 1,000
Minimum guarantors – 8
The loan is specifically designed to cater for emergencies that may befall the member. A member can access up to Kshs 100,000.00 depending on the monthly contribution as below and is repayable in twelve months at an interest rate of 1% on the reducing loan balance.
Members of school saving product are eligible to this loan at an interest rate of 1% per month on the reducing balance. Members can get the total school fees shares x 2.5 and repay the loan within a maximum period of 12 months. Maximum loan amount is Kshs. 500,000. This loan requires a minimum of 3 guarantors.