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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