LSK SACCO, also known as the Law Society of Kenya Savings and Credit Cooperative Society, is an organization that offers various financial products and services to its members. These services include savings accounts, loans, and investment opportunities. In this article, learn how to apply for ISK SACCO loan online, make Mpasa payments, and also access your 2024 portal.
How to Apply for ISK SACCO Loan 2024
Follow the guidelines below to apply for your member loan online
- Visit your portal via webportal.lsksacco.co.ke
- Click on the Login button on the webpage
- Enter your Username and Password
- Then click on the Login button again to access your portal dashboard
- On your dashboard, click on Loans and choose your preferred loan (Development Loan, Emergency Loan, Education Loan, etc)
- Proceed to complete the loan application online, or download the fillable forms to complete and submit
ISK SACCO Loan General Loan Terms 2024/2025
Each loan has additional terms in addition to the general loan terms
- You are a member and saving consistently for at least 6 months
- Eligible to borrow up to three times their savings, and their total loans cannot exceed three times their total deposits.
- Loans are processed on first come first service
- Interest charged will be 1% per month on reducing the balance
- You can qualify for only one type of loan at a time.
- Monthly share contributions shall be kshs.2, 000 for advocates and 1,000/= for non-advocates or 0.25% of the loan granted, whichever is higher.
- Loans shall be approved based on the applicant’s character, capacity, ability to pay, capital, and collateral/security offered.
- All loans must be 100% secured
- Loan repayment must exactly start 30 days after disbursement and is strictly on direct debit or bank standing order
Read Also: Lendplus Loan Application
How to Make ISK SACCO Payment Using Mpesa
To make payment using mpesa, please follow the steps below
- Go to M-pesa menu and select lipa na M-pesa
- Select paybill option
- Enter 400222 as the business number
- Enter account number 1578 followed by the # sign, followed by your member number (e.g for member number 9999, enter 1578#9999)
- Enter your desired amount
- Enter your M-pesa PIN
- Confirm your details and click on send
- You will receive a payment confirmation SMS
Related Link: How to Transfer Money from MPESA to KCB Account
ISK SACCO Contact Information
Crawford Business Park
3rd Floor, Office Suite 23
Phone: 0728788092
Email: [email protected]
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