Mwalimu National Sacco FOSA Instant Loan Application Form {Free Download}

Here is the latest Mwalimu National Sacco FOSA Instant Loan Application Form {Free Download}.

Download the form in free PDF, here: Mwalimu National Sacco FOSA Instant Loan Application Form {Free Download} Revised-Fosa-Credit-Application-Form-

PART I: INSTRUCTIONS

• One must be an active member of the Back Office Service Activity (BOSA) whose salary/S.A.Y.E/Pension is passing through his/ her FOSA Account.
• The credit must be guaranteed by at least four members of the society whose salary / S . A. Y. E / Pension is passing through their FOSA account.
• The rate of interest shall be the one prevailing, charged monthly on reducing balance basis.
• The cut-off date of recovery is the 10 of every month.
• The due date for interest calculation is 1 of every month.
• The credit shall be paid direct to the FOSA account.
• The net salary/S.A.Y.E/ Pension must be sufficient to cover monthly credit repayment together with interest.
• Irregular and under servicing of credit facility may lead to attachment of guarantors of the facility for recovery.
• All other terms and conditions remain as per the current FOSA credit policy

“Applicant must read the following requirements and instructions before completing this form”

Download the form in free PDF, here: Mwalimu National Sacco FOSA Instant Loan Application Form {Free Download} Revised-Fosa-Credit-Application-Form-