Emergency Loan
Sort those unexpected and emergency financial obligations as and when they come. No fuss no muss
30+
Years of Operation
1000+
Satisfied Clients
0.5B +
Loans Issued
Who we are
We are that partner that listens to you, understands your needs and is not only ready to offer solutions to your needs but also helps you achieve your dreams. With 30+ years’ experience, tailor-made financial solutions and world-class customer service, we ensure that our members succeed in attaining their goals. We pride ourselves in the great milestones we’ve attained, but more importantly, the dreams and goals our members are able to confidently conceive, set and achieve.
Our Solutions
Reliable stepping stones to help you reach your goals
Development / Normal Loan
Access 4X your savings to turn that lifelong dream into reality
Supersaver Development Loan
Targeted for the super savers to go a step further in reaching their goals in a much bigger way
Insurance Loan
Property Investment Loan
Queensway Quick Cash
Auto Loans
FAQs
Quick answers to commonly asked questions
1. Who qualifies to be a member of Queensway Sacco?
Any person can join the Sacco provided he/she meets basic requirements as outlined in the by-laws.
2. How does one join Queensway Sacco?
To join the Sacco, you just fill a membership form(available on this portal), attach copies of your ID and KRA PIN certificate, plus one colored passport size photo then send it to the office for processing.
3. What are the other requirements for joining the Sacco?
You will be required to pay Kes.1,000 joining fee on application and Kes.10,000 for your share capital. Thereafter, you will contribute a minimum of Kes.3,000 per month towards your savings.
4. When does on qualify for a loan?
To qualify for a loan, one must have been a member for at least six (6) months, and consistently made contributions of at least Kes.3,000 in each of those months.
5. What are the securities for loans?
The first security will be your own savings, then shares of other members, willing to act as your guarantors. Other securities accepted are car log books at 50% of the valuation amount and title deed(s) of land(s) acquired through Queensway Housing Co-operative Society at 75% of the market value.
6. What is the maximum amount of financing (loan) can one get?
A member can get up to four (4) times his/her savings provided he/she has enough security for the loan. The net income, as indicated on the pay slip/bank statement will also be factored in, whereby, the member will not be allowed to suffer more than two-thirds (2/3) of his/her net earnings towards savings and loan repayment.