School Fees Loan:

Mwalimu National offers members the school fees loan product to enable them to cater for their educational needs as well as their children’s school fees without straining.

Product features:

  • Repayable in 24 months
  • Only one school fees loan can be granted at a time
  • School fees loan is given within a member’s entitlement
  • Maximum limit is a members’ deposits x 5 (subject to 1/3 salary rule and ability to repay within twenty-four months)
  • Principle loan repayment is done separately from interest repayment

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