Stima Sacco Affordable Mortgage Products

Stima Sacco's strategy of deepening its product is offering its members affordable housing scheme. To many people, home ownership is preferable to renting. Those who rent know that at the end of the month, they must set aside a portion of their income to pay the owners of the houses they live in. The home loans are capped at Kshs. 8 Million. For those in permanent jobs or contracts, their loans are repayable within a maximum period of 25 years depending on their terms of employment or contracts. On the other hand, members in business or who have rental income will repay their loans within 25 years computed on a reducing balance as well.