Mwalimu Sacco Loan Factor, Prorata calculation

Mwalimu Sacco Loan Factor, Prorata calculation

LOAN FACTOR INCLUSIVE OF PRORATA   DEPOSITS BRACKET RECOVER MODE
Loan Code Loan Type Repayment Interest Period               rate p.a Rate     Deposit

p.m    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                <300K Multiplier 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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Media Team @Educationnewshub.co.ke

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