Mwalimu Sacco Super Loan

Super Loan:

Super loan is a long-term loan granted to members to enable them undertake development projects, property acquisition and other investment activities for long-term benefits.

Product features:

• Repayable in 84 months
• Only one super loan shall be granted at a time
• Maximum limit is a members’ deposits x 4 (subject to 1/3 salary rule)
• Attracts 5% processing fee on approved amount.
• Recovery to be done at a monthly flat rate combining principle repayment with