Mwalimu Sacco Normal Loan

Normal Loan:

The normal loan is a short-term loan intended for investment purposes, also enables members to acquire assets.

Product features:

• Repayable in 36 months
• Only one normal loan can be granted at a time
• Maximum limit is a members’ deposits x 3 (subject to 1/3 salary rule)
• Principle loan repayment to be done separate from interest repayment