Mwalimu National Sacco launches new loan products

Mwalimu National Sacco has officially launched new loan products. Members can now enjoy the following loan products:

– Mwalimu Mortgage Loan
– Asset Financing Loan
– Mwalimu Insurance Premium Financing Loan

1. Mwalimu Affordable housing gives you a chance to own a home by affording a member:

– Between Ksh 500000 and Ksh 8 million
– At 9%p.a on reducing balance
– Repayment period of up to 25 years, subject to retirement age.

This is offered through:

– Mwalimu Makao
– Mwalimu Ujenzi
– Re-Mortgages

2.) Mwalimu Insurance Premium Financing enables a member to acquire insurance premium loan for all his/her needs. This affords one:

– Loan financing of up to 10 months
– Flexible repayment arrangements
– Repayment interest rate of 10% flat rate.

3.) Mwalimu Asset Financing Loan gives one a chance to own:

– New or second hand vehicle
– Commercial or Private vehicle.
This loan affords one:
– 60% to 80% maximum financing
– Loan repayment period between 1-5 years
– Repayment interest rate of 1.25%p.m on reducing balance.

For further information contact Mwalimu National Sacco offices or call 0709898000 or 070989845