Home » Enjoy affordable reducing balance interest rates on loans at Metropolitan National Sacco

Enjoy affordable reducing balance interest rates on loans at Metropolitan National Sacco

Metropolitan National Sacco gives loans at an affordable interest rate of 1 per cent per annum or a reducing balance basis.

In a reducing balance method, interest is calculated on a reduced principal at varying intervals. The most common periods in this method are either annual or monthly intervals.

How to apply

First of all, one has to sign up with the Sacco if they are not already a member.

The Sacco which started as Teachers’ only financial institution expanded to accommodate members from Government Ministries, Parastatals, Kenya Defence Forces (KDF), National Police Service, Public and Private Universities, Colleges, Academies and the private sector among others.

Therefore, the following can join the Sacco

  • Salaried People
  • Non Salaried People
  • Business Entities
  • Minors
  • Commissions

The membership requirements are as follows: One needs a passport photo, a copy of your National Identification Card, pay Sh 1000 membership fee, produce a recent payslip for the employed.

One is also required to fill out a membership form which can be downloaded from the Sacco’s website or taken from the Sacco’s offices in town.

Metropolitan is regulated by the Sacco Societies Regulatory Authority (Sasra), with which it discussed with, its growth strategy anchored on diversification, customer service excellence and developed products.


The loan products are two, Normal and Emergency loan. The two loans can be accessed by filling forms in the branch.

In line with its new strategy that encompasses IT into the transformation, the Sacco has a loan product that is dispensed from a member’s mobile phone.

Through M-Metro Cash, members of the Sacco can access up to Sh20,000 loan. However, they must have their salaries channelled through FOSA section and have been active members of the Sacco for the last three months

However, the M-Metro Cash service does not serve joint account or accounts which require more than one signatory.

The Mobile banking solution service works for 24 hours.

Youtube link to M-metro cash