Mwalimu Sacco latest loan factors – How to calculate interest rates

MWALIMU NATIONAL SACCO
BOSA DEPARTMENT
LOAN FACTORS INCLUSIVE OF PRORATA DEPOSITS BRACKET Recover Mode
Loan Code Loan Type Repayment Period Interest rate p.a Rate p.m Deposit Multiplier <300K 300-600K 600-900 Above 900K
71 Vision 96 15 1.25 5 43.54 45.55 47.73 50.12 P+Int. combined
47 Super 84 14 1.17 4 42.11 43.96 45.97 48.20 P+Int. combined
86 Ufanisi 72 14.5 1.21 4 39.46 41.08 42.84 44.76 P+Int. combined
45 Development 48 13.5 1.13 4 31.17 32.17 33.25 34.39 P+Int. combined
36 Normal 36 12 1.00 3 23.38 23.94 24.52 25.14 P+Int. Separate
76 Wezesha 72 13.5 1.13 4 35.69 37.02 38.44 39.98 P+Int. combined
12&13 Eme/Fee 24 12 1.00 5 17.63 17.96 18.2 18.6 P+Int. Separate
LOAN FACTORS EXCLUSIVE OF PRORATA( where additional loan is less than than the first one) DEPOSITS BRACKET
Loan Code Loan Type Repayment Period Interest rate p.a Rate p.m Deposit Multiplier <300K 300-600K 600-900 Above 900K
71 Vision 96 15 1.25 5 55.71 55.71 55.71 55.71 P+Int. combined
47 Super 84 14 1.17 5 53.34 53.34 53.34 53.34 P+Int. combined
45 Development 48 13.5 1.13 5 36.92 36.92 36.92 36.92 P+Int. combined
36 Normal 36 12 1.00 5 26.47 26.47 26.47 26.47 P+Int. Separate
12&13 Eme/Fee 24 12 1.00 5 19.35 19.35 19.35 19.35 P+Int. Separate
NB//….  TOTAL LOANS SHALL NOT EXCEED DEPOSITS X5
DEPOSIT BANDING PRORATA RATE
<300,000 0.50%
300,001-600,000 0.40%
600,001-900,000 0.30%
ABOVE 900,000 0.20%

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