Mwalimu Sacco Super Loan
Super Loan:
Super loan is a long-term loan granted to members to enable them undertake development projects, property acquisition and other investment activities for long-term benefits.
Product features:
- Repayable in 84 months
- Only one super loan shall be granted at a time
- Maximum limit is a members’ deposits x 4 (subject to 1/3 salary rule)
- Attracts 5% processing fee on approved amount.
- Recovery to be done at a monthly flat rate combining principle repayment with
