How to Use Chai Sacco Paybill Number 544200

Chai Sacco Society Limited was established in 1973 to serve KTDA employees at the factories and head office. In 1999, the Sacco launched FOSA (Front Office Service Activity), evolving into a licensed Deposit Taking Sacco with branches in Nairobi, Litein, and a marketing office in Mombasa.

How to Use Chai Sacco Paybill Number 544200

Follow these simple steps to deposit funds or repay loans via M-PESA:

1. Go to M-PESA Menu
2. Select Lipa na M-PESA
3. Choose Pay Bill
4. Enter Business Number: 544200
5. For loan/share payment, enter your Member Number
6. For deposits, use your FOSA Account Number
7. Enter the amount
8. Input your M-PESA PIN
9. Confirm and press OK
10. Safaricom will send a confirmation SMS

Chai Sacco Loan Products

1. Main/Development Loan
   • Up to 48 months repayment
   • 1% monthly interest
   • 0.5% appraisal fee
2. Emergency Loan
   • 12 months repayment
   • 1% monthly interest
   • 0.5% appraisal fee
3. School Fees Loan
   • 12 months repayment
   • 1% monthly interest
   • 0.5% appraisal fee
4. Product Loan
   • Above Ksh 20,000: 24 months
   • Below Ksh 20,000: 12 months
   • 1% monthly interest
5. Super Loan
   • 60 months repayment
   • 1.2% monthly interest
   • Min loan Ksh 250,000
   • 1% appraisal fee
6. Jeki Loan
   • For new members
   • Max Ksh 300,000
   • 34% deposit retention
   • 1.2% interest for 36 months
7. College/University Loan
   • Max Ksh 100,000
   • 24 months repayment
   • 1% monthly interest
   • 1% appraisal fee
8. Vision Loan
   • Up to 72 months
   • 1.25% monthly interest
   • Four times savings
   • 1% appraisal fee
9. Salary Advance
   • Max Ksh 100,000
   • 6 months repayment
   • 2% interest
10. FOSA Loan
    • 4× deposit amount
    • 48 months repayment
    • 1% interest
11. Golden Loan
    • Max Ksh 1.5M
    • 60 months repayment
    • 1.33% monthly interest
    • Subject to 2/3 salary rule
12. Group Loan
    • 3× group deposit
    • 1.25% interest
    • 2% appraisal fee
    • 36 months repayment
13. Okoa Jahazi
    • Up to 50% net salary
    • 10% interest
    • Repayable in 1 month

Loan Requirements

To qualify for any loan:

• Active Chai Sacco membership for 6+ months
• Transfers from other Saccos treated as continuing members
• All BOSA loans capped at 3× deposits (except Vision loan)
• Two recent pay slips
• Good credit standing
• Total deductions not to exceed 2/3 of gross salary
• All accounts must be active

Chai Sacco Savings and Deposits Products

1. Savings Account
   • Min balance: Ksh 500
   • Min deposit: Ksh 500
   • No ledger fees
   • Interest starts from Ksh 3,000
   • M-Sacco & Visa card access
2. Chai Premier Holiday Account
   • Save minimum Ksh 1,000/month
   • Interest on balance above Ksh 5,000
   • Annual withdrawal allowed
3. Chai Angels Junior Account
   • For minors, managed by guardian
   • Min deposit: Ksh 500/month
   • Interest 2% higher than savings account
   • Max 3 withdrawals per year
   • Free school fee banker’s cheques
4. Fixed Deposit Account
   • Min deposit: Ksh 20,000
   • Term: 1+ month
   • High interest rates
   • Quick FOSA loan: up to 80% of savings
5. Group Account
   • For groups of 5+ people
   • No ledger fees
   • Operated by group officials
   • Dividends paid annually on deposits
6. Non-withdrawable Deposits
   • Contributed monthly
   • Used to guarantee loans
   • Refundable only upon exit from Sacco
   • Can be transferred between members

Chai Sacco Contacts

• Head Office: KTDA Plaza, 4th Floor, Moi Avenue
• P.O. Box: 278 – 00200, City Square, Nairobi, Kenya
• 📞 Phone: +254 20 2214406/10
• 📱 Mobile: 0733 330045 / 0701 314410
• 📠 Fax: +254 20 2214410
• 📧 Email: [email protected]
• 🌐 Website: [Search: Chai Sacco Society Limited]

Use Chai Sacco Paybill Number 544200 today to deposit funds, repay loans, or grow your savings conveniently through mobile banking.