Flexible Loans, Tailored to You
Whether you're building a home, buying a vehicle, or launching a business, Yichalal SACCOS offers competitive loan products designed around your savings and income profile.
Your Path to a Loan
From membership to repayment, here's how Yichalal SACCOS makes borrowing simple and transparent.
Become a Member
Buy your shares and start saving with us. Membership is your first step toward financial growth.
Apply for a Loan
Submit your application and provide your collateral. Our team reviews it quickly and fairly.
Receive & Repay
Get your funds and repay on terms agreed in your contract, with clear installments from day one.
Save Smart, Borrow More
Your savings unlock up to 3x the amount as a loan. Here's how it works in practice.
Where Your Loan Can Work
Put your 3x multiplier to use in these areas
Business Capital
Launch your trade, stock inventory, or scale your shop. A 100K savings unlocks 300K to fund your business dream.
Electric Bajaj
Own an electric bajaj for daily income. Start earning from day one and pay back from your profits.
House Building / Finishing
Build or finish your family home. Use the loan for materials, labor, or finishing touches.
How Your Loan Works
Understanding the terms and conditions of your loan helps you borrow with confidence.
Interest Rate
All loans carry a competitive interest rate of 12.5% per annum, charged on the outstanding balance.
Repayment Terms
The full repayment terms of every loan are based on the signed agreement between the member and the cooperative. Repayment schedules, installments, and durations are set per agreement.
Collateral for Loan Defaults
To secure every loan, members provide one of the following as collateral, which the cooperative may call upon in case of default:
Car Libre
Vehicle Registration Certificate held as security against the loan.
Housing / Site Plan
House or land documentation / site plan held as security.
Monthly Salary Repayment
Repayment deducted directly from the member's monthly salary.
Other Members' Savings
Savings of other members held as collective security (with their consent).
Ready to Unlock Your Loan?
Start saving with Yichalal SACCOS today and turn your savings into the loan you need.
