Baptist Convention SACCO - Loan Application Form

P.o.Box 132 Nairobi

0706895113

info@baptistconventionsacco.co.ke

BAPTIST CONVENTION SACCO LTD

"Building Financial Freedom Together"

LOAN APPLICATION FORM

CS/NO. 123456 | Revised 2022

https://www.baptistconventionsacco.co.ke

Date: April 15, 2026

Member No: _______________

A. REQUIREMENTS AND INSTRUCTIONS
  1. Applicants must be familiar with the Society's current Credit Policy.
  2. All sections must be completed in full. Incomplete forms will be returned unconsidered.
  3. Attach 2 months original current pay-slip (not more than two months old) and a copy of National ID card.
  4. For private members/self-employed: Attach 6 months bank statements, KRA PIN, and business registration documents.
  5. All loans shall be disbursed through Members Accounts.
  6. Having read and understood baptist sacco lending terms and conditions

B. PERSONAL INFORMATION

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C. TYPE OF LOAN

NOTE: All loans interest rate is on reducing balance.

D. LOAN AMOUNT

E. PURPOSE FOR WHICH LOAN IS APPLIED (Select One)

F. FOR FUNDS TRANSFER

G. APPLICANT'S DECLARATION

I hereby declare that the foregoing particulars are true to the best of my knowledge and belief and agree to abide by the By-laws of the Society, the Credit Policy and variations by the Credit Committee, I also consent to the Society checking, engaging and filing all the information with the Credit Reference Bureau (CRB) and Debt Collection in respect of section D above. The security that I offer for the loan is my salary, shares/deposits, guarantor's shares/ deposits, acceptable collateral and any other benefits due to me from my employer, from the Society (e.g. Dividends, Bonuses etc.). I authorize the necessary deductions, including interest at the current rate be made from my salary as repayment for this loan. I have also read and understood the societies Loan terms and conditions and agree to abide by them.

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H. REPAYMENT GUARANTEE

To be completed by the guarantors who must be members of the Society

Personal/Employment No. Full Name ID No. Employer/Ministry Amount Guaranteed (Kshs) Deposits (Kshs) Signature Action
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We, the undersigned, hereby accept jointly and severally for the repayment of the loan balance, loan interest and any other cost pertaining to the aforementioned loan of Kshs _________ in the event of the borrower's default. We understand that the amount in default may be recovered by an offset against our savings/deposits in the Society and/or by attachment of our property, salary and any other benefits due to us from the Society (e.g. Dividends, Bonuses etc.) and that we shall not be eligible for loan(s) unless the amount in default has been cleared in full.

(ii) COLLATERAL

Note: Attach copy of collateral document, ID, KRA PIN & consent letter for jointly owned property.