Discover the Mhasibu SACCO Portal and create your membership account online for all your co-operative banking and loan services. Learn how to apply for long and short-term loan products with flexible payment terms from your Mhasibu Sacco membership portal using the guidelines outlined in this post.
Mhasibu Sacco Portal Sign Up Procedures
Clients who intend to access the Mhasibu Sacco loan products are required to create a membership account online with these steps;
- Visit the Mhasibu Sacco Website at https://www.mhasibusacco.com
- Click on the membership button located at the top right corner of the page
- Click on Become a Member button
- Select your membership type on the next page (ie. Group or Individual)
- Enter your email address and phone number
- Tick on the checkbox to accept the membership terms
- Click on the Register button to confirm your registration
- An email confirmation link will be generated and sent to your email address
- Log into your email and click on the link to activate your Mhasibu Sacco membership registration
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How to log into your Mhasibu Sacco Portal
Customers with a Mhasibu Sacco account can log into their Sacco online account with the following steps;
- Visit the Mhasibu Sacco Website at https://www.mhasibusacco.com
- Click on the membership button located at the top right corner of the page
- Enter your membership number and your ID number in the input fields
- Click on the login button to proceed
- Wait for the system to authenticate and redirect to your account dashboard
Read Also: How to Apply for Hustler Fund Loan
List of Mhasibu Sacco Loan Products
New customers and existing members can access the following Mhasibu Sacco loan products from their online Sacco portal;
Mhasibu Sacco Mobi Loans
- Requirements: You need to be a Sacco member for six months and have met the loan eligibility criteria
- Mobi Loan Features:
- Members with KES. 50,000 and below will now be able to access up to KES 10,000 first borrowing and a graduation of KES. 5,000 as they grow their deposits.
- Members with deposits of KES. 500,000 – 1,000,000 will now be able to graduate by KES. 20,000.
- Members with deposits of KES. 1,000,000 and above will now be able to access 100,000 on their first
- borrowing and graduate by KES. 20,000.
- Interest as low as 5% p.m.
- A Repayment period of up to 6 months.
Mhasibu Sacco Gold Loan
- Gold Loan Features:
- Repayment period of 84 months.
- Interest rate of 13% p.a on reducing balance.
- Maximum entitlement is 4 times total deposits plus shares. (Current Offer is 5 times)
- Guarantors and acceptable collaterals are required.
- You can offset other loans with the Sacco at 5% interest.
- Terms and conditions on self-guarantee apply
Read Also: How to Transfer Money from MPESA to KCB Account
Mhasibu Sacco Swift Loan
- Swift Loan Features
- Maximum amount is KEs 1,000,000.
- Repayment period of 24 months.
- Interest rate of 1% per month on reducing balance.
- A member is entitled to only one loan at a time.
- You need to be a Sacco member for six months and have met the loan eligibility criteria.
Mhasibu Sacco Top-up Loan
- Top-up Loan Features
- Maximum entitlement is 4 times total deposits plus shares less any outstanding loans.
- Interest rate for Gold loan top up at 13% p.a while Normal loan top up at 12% p.a on reducing balance.
- Period to be determined by the remaining repayment period of the existing loan.
- Guarantors and acceptable collaterals are required.
- You need to be a Sacco member for six months and have met the loan eligibility criteria.
- Terms and conditions on self-guarantee apply.
How to Reset Mhasibu Sacco Portal Password
Mhasibu Sacco members can reset their account password with the following steps;
- Visit the Mhasibu Sacco membership login page
- Click on forgot password login page
- Enter your membership number and ID number
- Click on the Submit button
- A password reset code will be sent to your phone number via SMS
- Enter the shortcode in the input field to set a new account password
Read Also: MPESA Withdrawal Charges
Mhasibu Sacco Contact Information
- Phone Number: +254 020 5141900
- Email: [email protected]
