Here is the latest information on the Mwalimu Sacco products and services and the revised interest rates.
FOSA
1.Salary processing at Ksh100
2.Salary in advance(white form) repayable in a month
3. Advance( instant credit, green form) repayable in a max of 36 months. The two loans are processed in a matter of hours but are only accessible to those who earn through the wsf or have channeled some Saye (Save As You Earn) to fosa.
4. Holiday, Junior, Saye and fixed deposit accounts.
BOSA
1.Emergency loan, repayable within 24 months interest rate 12% pa.
2. Wezesha loan, repayable within 72 months, interest rate 13%pa. This one attracts 2% processing fees.
3. Ufanisi loan, repayable within 72months, interest 14.52%pa
4.Normal loan, repayable within 36 months, interest rate 12%pa
5.Development loan, repayable within 48 months, interest rate 13.5%pa. Attracts a 0.5% processing fee.
6. Super loan, repayment period 84 months, interest rate 14%. Attracts 0.5% processing fee.
7. Vision loan repayment period 96 months, interest rate 15%.
Remember there is *5% charged on outstanding loan* whenever you bridge loan.
