Mwalimu Sacco School Fees Loan

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