Kenya Bankers Sacco was registered on 14th February 1975 and primarily serves employees of banks in Kenya. With a focus on member empowerment through affordable credit and secure savings, the SACCO provides various financial products under BOSA and FOSA facilities.
How to Use Kenya Bankers Sacco Paybill Number 400 444
To make deposits or loan repayments via M-PESA:
- Go to your M-PESA Menu
- Select Lipa na M-PESA
- Choose Paybill
- Enter Business Number: 400444
- Enter your account number using the formats below
- Input the amount you wish to pay
- Enter your M-PESA PIN
- Confirm the details and press OK
- You will receive a confirmation SMS from Safaricom
Account Number Format Guide
- Savings Accounts:
200XXXXXYYY- 211 = Main Savings
- 411 = Education Savings
- 711 = Micro Savings
- Loan Accounts:
200XXXXXYYY- 151 = Emergency Loan
- 251 = Main Loan
- 451 = Education Loan
- 551 = Micro Loan
- FOSA Accounts:
010XXXXX011- For M-loan and Instant Loan access
Note: Replace XXXXX with your 5-digit membership number (pad with zeros if needed)
Kenya Bankers Sacco Loan Products
- Main Loan
- School Fees Loan
- Emergency Loan
- Micro Loan
- Top-up Loan
- M-Loans
- Smart Device Loan
- Premier Loan
- Karibu Loan
- Lifestyle Loan (0% interest)
- Elite Loan (up to 72 months)
- Afya Imara Loan
- Biashara Loan
- Boresha Maisha Loan
- Shamba Loan
- Aspire Loan
- Express Loan
- Elimu Bora Loan
Loan Repayment Terms and Interest
| Loan Type | Repayment Period | Interest Rate (Per Month) |
|---|---|---|
| Afya Imara | 12 Months | 1% |
| Express Loan | 12 Months | 1.17% |
| Jibambe | 10 Months | 5% |
| Loan within savings | 48 Months | 0.8% |
| Lifestyle Loan | 6 Months | 0% |
| Shamba Loan | 60 Months | 1.25% |
| Aspire Loan | 48 Months | 1% |
| Biashara Loan | 36 Months | 1.25% |
| Boresha Maisha | 12 Months | 2% |
| Elimu Bora | 36 Months | 1% |
| Elite | 72 Months | 1.25% |
| Karibu Loan | 12 Months | 1% |
| Premier Loan | 60 Months | 1.25% |
Kenya Bankers Sacco Savings Products
- Main Savings Scheme
- Education Savings Scheme
- Minor Savings Account
- Risk Management Scheme
- Jiinue Savings Account
- Min. balance: Ksh 500
- Interest: 2% p.a. on amounts above Ksh 10,000
- Free deposits via M-PESA
- ATM cards available
FOSA Services & Mobile Banking
Access via USSD: *Dial 293#
Services Available:
- Loan application & processing status
- Savings & loan balance inquiries
- Airtime purchase
- Transfer funds from FOSA to M-PESA
- e-Statements
- Dividend advance
- M-Loan access & repayment
To reset your mobile banking PIN:
Dial 456955# to allow promotional messages, then dial *293#, select option 99 to reset.
Asset Financing & Chama Account
Asset Finance Loan
- No guarantors needed
- Collateral: Land or house
- Repayment: Up to 60 months
- Interest: 1.25% p.m.
Chama Account Requirements
- Chama registration certificate
- Group constitution
- Signatories’ IDs, PINs, and passport photos
- Min. monthly contribution: Ksh 5,000
Loan Guarantor & Security Options
- Self-guarantee (up to 90% of savings)
- Land/Property Title
- Quoted shares (NSE)
- Life insurance policies
- Fixed deposit lien
- Bank guarantee
FAQs
1. When can I apply for a loan after joining?
- After 6 months (3 months for Karibu Loan)
2. Can I top-up an existing loan?
- Yes, via “clear and apply” method
3. How many guarantors do I need?
- Depends on loan size vs guarantors’ savings
4. How do I apply for a loan?
- Submit forms via email: [email protected]
- Or drop at branches
Kenya Bankers Sacco Contacts
Main Office
3rd Ngong Avenue, Nairobi
P.O. Box 73236-00200 Nairobi
📞 Tel: +254-20-5146500
📧 Email: [email protected]
🌐 Website: kbsacco.co.ke
