The UN DT SACCO Quick Cash Loan is designed for those needing urgent funds to manage emergencies or cash crunches. This mobile-based loan boosts convenience and access for members.

Borrowers can access up to KES 100,000 based on their eligibility and individual scoring. The loan comes with a 5% on-access interest rate and an additional 5% charged every 30 days on the remaining balance.

Repayment is flexible, with a 3-month term. Members can pay any comfortable amount within the period, as long as the balance is cleared by the end of 90 days.

How to Apply for the Quick Cash Loan

1. Ensure you have been a UN DT SACCO member for at least 6 months with regular contributions.

2. Register for mobile banking services (QC – WALLET) if not already signed up.

3. Dial the USSD code *605*5# directly from your registered phone for easy application.

4. Indicate the desired loan amount (up to KES 100,000) and complete the prompts presented.

5. Await instant fund disbursement into your FOSA savings account upon approval.

Advantages of the Quick Cash Loan

The standout advantage is fuss-free mobile access—the entire process is performed by USSD, without lengthy paperwork. Approval is rapid for eligible members.

Flexible repayments over 3 months give borrowers freedom to manage finances without pressure. The transparent interest rate (5%) is competitive for short-term loans in the region.

Potential Drawbacks to Consider

The main limitation is the requirement of 6 months of prior membership, making it inaccessible to new joiners needing immediate funds.

The penalty for non-repayment is strict: after 90 days, the loan is marked as defaulted, which may impact your SACCO standing.

Our Verdict on the Quick Cash Loan

This product is best for active SACCO members wanting fast, reliable finance for urgent needs. While not for absolute newcomers, its flexible terms, fast access, and reasonable rates make it a leading choice for emergency lending among established members.