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MWALIMU NATIONAL BOSA LOANS, REQUIREMENTS

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BACK-OFFICE SERVICE ACTIVITY (BOSA)

Back Office Services Activities (BOSA) in Mwalimu National enables members to make deposits and allows them to borrow against these deposits at very competitive interest rates.

Mwalimu National using its experience of over 40 years has developed and
continues to review tailor made credit products that meet our member’s needs.

THE PRODUCTS OFFERED UNDER BOSA INCLUDE:

(i) Emergency Loans:

These loans essentially help members meet emergency financial needs such as hospitalization, bills that may fall due suddenly and unforeseen circumstances.

Product features:
• Repayable in 24 months
• Only one emergency loan can be granted at a time
• Emergency loans are 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.

(ii) 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

(iii) 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

(iv) Development Loan:

This is a medium-term loan intended to empower members to undertake investment activities and address development needs.

Product features:

• Repayable in 48 months
• Only one development loan can be granted at a time
• Maximum limit is a members’ deposits x 4 (subject to 1/3 salary rule)
• Recovery is done at a monthly flat rate combining principle repayment with interest.

(v) 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 60 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)
• Recovery to be done at a monthly flat rate combining principle repayment with interest.

(vi) Vision Loan 84:

This loan is specially tailored for members to finance long-term development projects and meet investment needs. The product’s longer repayment period and higher deposit multiplier makes it suitable for this purpose.

Product features:

• Repayable in 84 months
• Only one vision 84 loan can be granted at a time
• Maximum limit is a members’ deposits x 5 (subject to 1/3 salary rule)
• Recovery is done at a monthly flat rate combining principal repayment with interest.
• Processing fee of 1% paid upfront

(vii) Wezesha Loan:

A loan product for new members who have ability to pay a loan but have no sufficient deposits to qualify for one. A small portion of the applied loan amount is retained as a member’s shares while we issue out to the member the remaining amount.

Product features:

• Maximum amount loanable is determined by the member’s ability subject to 1/3 salary rule.
• Processing fee of 2% paid upfront
• Repayment period is 48 months and the loan must be fully guaranteed
• The product is only issued to new members and not readmitted members.
• The member’s salary to be channeled through Mwalimu National Sacco FOSA.
• Recovery is done at a monthly flat rate combining principle repayment with interest.

(viii) Ufanisi Loan:

This is long-term loan product aimed at enabling members with salary ability but have low shares to access more credit by boosting their shares. A portion of the loan applied is retained as deposits enhancing the members balance multiplier.

Product features:

• Repayable in 72 months.
• 10 % share boosting fee applicable.
• Minimum deposits prior to the application Ksh200,000.
• Loan must be fully guaranteed
• Only one Ufanisi loan can be granted at a time.
• The member’s salary to be channeled through Mwalimu National Sacco FOSA.
• Recovery is done at a monthly flat rate combining principle repayment with interest.

TSC News Portal

Mwalimu Super Loan Interest Rate, repayment schedule

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Get the latest  Mwalimu National Sacco, MNS, Member’s Super Loan Interest rate, Repayment Schedules, monthly installments and maximum loan amount.

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Mwalimu Sacco Normal Loan Repayment Schedule, Interest Rates

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Ufanisi Loan Repayment Schedule from Mwalimu National

Mwalimu National SACCO Wezesha Loan Repayment Schedule

Mwalimu National SACCO loans and how to apply: Check off, Salary loans

Mwalimu National SACCO Loans, Branches, Contacts, Forms, Mobile services, How to join, Website and Portal login

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MWALIMU SUPER LOAN UPDATED REPAYMENT SCHEDULE

SUPER  LOAN AT 14%
YEARS 1 2 3 4 5
MONTHS 12 24 36 48 60
10,000 898 480 342 273 233
20,000 1,796 960 684 547 465
30,000 2,694 1,440 1,025 820 698
40,000 3,591 1,921 1,367 1,093 931
50,000 4,489 2,401 1,709 1,366 1,163
60,000 5,387 2,881 2,051 1,640 1,396
70,000 6,285 3,361 2,392 1,913 1,629
80,000 7,183 3,841 2,734 2,186 1,861
90,000 8,081 4,321 3,076 2,459 2,094
100,000 8,979 4,801 3,418 2,733 2,327
110,000 9,877 5,281 3,760 3,006 2,560
120,000 10,774 5,762 4,101 3,279 2,792
130,000 11,672 6,242 4,443 3,552 3,025
140,000 12,570 6,722 4,785 3,826 3,258
150,000 13,468 7,202 5,127 4,099 3,490
160,000 14,366 7,682 5,468 4,372 3,723
170,000 15,264 8,162 5,810 4,646 3,956
180,000 16,162 8,642 6,152 4,919 4,188
190,000 17,060 9,122 6,494 5,192 4,421
200,000 17,957 9,603 6,836 5,465 4,654
210,000 18,855 10,083 7,177 5,739 4,886
220,000 19,753 10,563 7,519 6,012 5,119
230,000 20,651 11,043 7,861 6,285 5,352
240,000 21,549 11,523 8,203 6,558 5,584
250,000 22,447 12,003 8,544 6,832 5,817
260,000 23,345 12,483 8,886 7,105 6,050
270,000 24,243 12,963 9,228 7,378 6,282
280,000 25,140 13,444 9,570 7,651 6,515
290,000 26,038 13,924 9,912 7,925 6,748
300,000 26,936 14,404 10,253 8,198 6,980
310,000 27,834 14,884 10,595 8,471 7,213
320,000 28,732 15,364 10,937 8,744 7,446
330,000 29,630 15,844 11,279 9,018 7,679
340,000 30,528 16,324 11,620 9,291 7,911
350,000 31,425 16,805 11,962 9,564 8,144
360,000 32,323 17,285 12,304 9,838 8,377
370,000 33,221 17,765 12,646 10,111 8,609
380,000 34,119 18,245 12,987 10,384 8,842
390,000 35,017 18,725 13,329 10,657 9,075
400,000 35,915 19,205 13,671 10,931 9,307
410,000 36,813 19,685 14,013 11,204 9,540
420,000 37,711 20,165 14,355 11,477 9,773
430,000 38,608 20,646 14,696 11,750 10,005
440,000 39,506 21,126 15,038 12,024 10,238
450,000 40,404 21,606 15,380 12,297 10,471
460,000 41,302 22,086 15,722 12,570 10,703
470,000 42,200 22,566 16,063 12,843 10,936
480,000 43,098 23,046 16,405 13,117 11,169
490,000 43,996 23,526 16,747 13,390 11,401
500,000 44,894 24,006 17,089 13,663 11,634
510,000 45,791 24,487 17,431 13,937 11,867
520,000 46,689 24,967 17,772 14,210 12,099
530,000 47,587 25,447 18,114 14,483 12,332
540,000 48,485 25,927 18,456 14,756 12,565
550,000 49,383 26,407 18,798 15,030 12,798
560,000 50,281 26,887 19,139 15,303 13,030
570,000 51,179 27,367 19,481 15,576 13,263
580,000 52,077 27,847 19,823 15,849 13,496
590,000 52,974 28,328 20,165 16,123 13,728
600,000 53,872 28,808 20,507 16,396 13,961
610,000 54,770 29,288 20,848 16,669 14,194
620,000 55,668 29,768 21,190 16,942 14,426
630,000 56,566 30,248 21,532 17,216 14,659
640,000 57,464 30,728 21,874 17,489 14,892
650,000 58,362 31,208 22,215 17,762 15,124
660,000 59,259 31,689 22,557 18,035 15,357
670,000 60,157 32,169 22,899 18,309 15,590
680,000 61,055 32,649 23,241 18,582 15,822
690,000 61,953 33,129 23,583 18,855 16,055
700,000 62,851 33,609 23,924 19,129 16,288
710,000 63,749 34,089 24,266 19,402 16,520
720,000 64,647 34,569 24,608 19,675 16,753
730,000 65,545 35,049 24,950 19,948 16,986
740,000 66,442 35,530 25,291 20,222 17,219
750,000 67,340 36,010 25,633 20,495 17,451
760,000 68,238 36,490 25,975 20,768 17,684
770,000 69,136 36,970 26,317 21,041 17,917
780,000 70,034 37,450 26,659 21,315 18,149
790,000 70,932 37,930 27,000 21,588 18,382
800,000 71,830 38,410 27,342 21,861 18,615
810,000 72,728 38,890 27,684 22,134 18,847
820,000 73,625 39,371 28,026 22,408 19,080
830,000 74,523 39,851 28,367 22,681 19,313
840,000 75,421 40,331 28,709 22,954 19,545
850,000 76,319 40,811 29,051 23,228 19,778
860,000 77,217 41,291 29,393 23,501 20,011
870,000 78,115 41,771 29,735 23,774 20,243
880,000 79,013 42,251 30,076 24,047 20,476
890,000 79,911 42,731 30,418 24,321 20,709
900,000 80,808 43,212 30,760 24,594 20,941
910,000 81,706 43,692 31,102 24,867 21,174
920,000 82,604 44,172 31,443 25,140 21,407
930,000 83,502 44,652 31,785 25,414 21,639
940,000 84,400 45,132 32,127 25,687 21,872
950,000 85,298 45,612 32,469 25,960 22,105
960,000 86,196 46,092 32,811 26,233 22,338
970,000 87,094 46,572 33,152 26,507 22,570
980,000 87,991 47,053 33,494 26,780 22,803
990,000 88,889 47,533 33,836 27,053 23,036
1,000,000 89,787 48,013 34,178 27,326 23,268
1,010,000 90,685 48,493 34,519 27,600 23,501
1,020,000 91,583 48,973 34,861 27,873 23,734
1,030,000 92,481 49,453 35,203 28,146 23,966
1,040,000 93,379 49,933 35,545 28,420 24,199
1,050,000 94,276 50,414 35,887 28,693 24,432
1,060,000 95,174 50,894 36,228 28,966 24,664
1,070,000 96,072 51,374 36,570 29,239 24,897
1,080,000 96,970 51,854 36,912 29,513 25,130
1,090,000 97,868 52,334 37,254 29,786 25,362
1,100,000 98,766 52,814 37,595 30,059 25,595
1,110,000 99,664 53,294 37,937 30,332 25,828
1,120,000 100,562 53,774 38,279 30,606 26,060
1,130,000 101,459 54,255 38,621 30,879 26,293
1,140,000 102,357 54,735 38,962 31,152 26,526
1,150,000 103,255 55,215 39,304 31,425 26,758
1,160,000 104,153 55,695 39,646 31,699 26,991
1,170,000 105,051 56,175 39,988 31,972 27,224
1,180,000 105,949 56,655 40,330 32,245 27,457
1,190,000 106,847 57,135 40,671 32,519 27,689
1,200,000 107,745 57,615 41,013 32,792 27,922
1,210,000 108,642 58,096 41,355 33,065 28,155
1,220,000 109,540 58,576 41,697 33,338 28,387
1,230,000 110,438 59,056 42,038 33,612 28,620
1,240,000 111,336 59,536 42,380 33,885 28,853
1,250,000 112,234 60,016 42,722 34,158 29,085
1,260,000 113,132 60,496 43,064 34,431 29,318
1,270,000 114,030 60,976 43,406 34,705 29,551
1,280,000 114,928 61,456 43,747 34,978 29,783
1,290,000 115,825 61,937 44,089 35,251 30,016
1,300,000 116,723 62,417 44,431 35,524 30,249
1,310,000 117,621 62,897 44,773 35,798 30,481
1,320,000 118,519 63,377 45,114 36,071 30,714
1,330,000 119,417 63,857 45,456 36,344 30,947
1,340,000 120,315 64,337 45,798 36,617 31,179
1,350,000 121,213 64,817 46,140 36,891 31,412
1,360,000 122,110 65,298 46,482 37,164 31,645
1,370,000 123,008 65,778 46,823 37,437 31,878
1,380,000 123,906 66,258 47,165 37,711 32,110
1,390,000 124,804 66,738 47,507 37,984 32,343
1,400,000 125,702 67,218 47,849 38,257 32,576
1,410,000 126,600 67,698 48,190 38,530 32,808
1,420,000 127,498 68,178 48,532 38,804 33,041
1,430,000 128,396 68,658 48,874 39,077 33,274
1,440,000 129,293 69,139 49,216 39,350 33,506
1,450,000 130,191 69,619 49,558 39,623 33,739
1,460,000 131,089 70,099 49,899 39,897 33,972
1,470,000 131,987 70,579 50,241 40,170 34,204
1,480,000 132,885 71,059 50,583 40,443 34,437
1,490,000 133,783 71,539 50,925 40,716 34,670
1,500,000 134,681 72,019 51,266 40,990 34,902
TSC News Portal

Wezesha Loan Repayment Schedule by Mwalimu National Sacco

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 Mwalimu National Sacco, MNS, has released a new Wezesha Loan Repayment Schedule. This will enable you to know the maximum loan amount you can get from the SACCO, based on your loan ability. See the latest loan repayment schedule, below.

Also read;

Mwalimu National SACCO loans and how to apply: Check off, Salary loans

Mwalimu National SACCO Loans, Branches, Contacts, Forms, Mobile services, How to join, Website and Portal login

Mwalimu National Sacco loans; BOSA interest rates and loan calculator

TSC loan application process for teachers at Mwalimu National Sacco

Mwalimu National SACCO membership; How to be a member, requirements and benefits

Gusii Mwalimu Sacco; Loans, how to join, requirements, offices location and contacts.

WEZESHA LOAN LATEST REPAYMENT SCHEDULE.

WEZESHA LOAN AT 13.5% Educationnewshub.co.ke
YEARS 1 2 3 4
MONTHS 12 24 36 48
10,000 896 478 339 271
20,000 1,791 956 679 542
30,000 2,687 1,433 1,018 812
40,000 3,582 1,911 1,357 1,083
50,000 4,478 2,389 1,697 1,354
60,000 5,373 2,867 2,036 1,625
70,000 6,269 3,344 2,375 1,895
80,000 7,164 3,822 2,715 2,166
90,000 8,060 4,300 3,054 2,437
100,000 8,955 4,778 3,394 2,708
110,000 9,851 5,255 3,733 2,978
120,000 10,746 5,733 4,072 3,249
130,000 11,642 6,211 4,412 3,520
140,000 12,537 6,689 4,751 3,791
150,000 13,433 7,167 5,090 4,061
160,000 14,328 7,644 5,430 4,332
170,000 15,224 8,122 5,769 4,603
180,000 16,119 8,600 6,108 4,874
190,000 17,015 9,078 6,448 5,145
200,000 17,910 9,555 6,787 5,415
210,000 18,806 10,033 7,126 5,686
220,000 19,701 10,511 7,466 5,957
230,000 20,597 10,989 7,805 6,228
240,000 21,492 11,466 8,144 6,498
250,000 22,388 11,944 8,484 6,769
260,000 23,284 12,422 8,823 7,040
270,000 24,179 12,900 9,163 7,311
280,000 25,075 13,378 9,502 7,581
290,000 25,970 13,855 9,841 7,852
300,000 26,866 14,333 10,181 8,123
310,000 27,761 14,811 10,520 8,394
320,000 28,657 15,289 10,859 8,664
330,000 29,552 15,766 11,199 8,935
340,000 30,448 16,244 11,538 9,206
350,000 31,343 16,722 11,877 9,477
360,000 32,239 17,200 12,217 9,747
370,000 33,134 17,677 12,556 10,018
380,000 34,030 18,155 12,895 10,289
390,000 34,925 18,633 13,235 10,560
400,000 35,821 19,111 13,574 10,831
410,000 36,716 19,589 13,913 11,101
420,000 37,612 20,066 14,253 11,372
430,000 38,507 20,544 14,592 11,643
440,000 39,403 21,022 14,932 11,914
450,000 40,298 21,500 15,271 12,184
460,000 41,194 21,977 15,610 12,455
470,000 42,089 22,455 15,950 12,726
480,000 42,985 22,933 16,289 12,997
490,000 43,880 23,411 16,628 13,267
500,000 44,776 23,889 16,968 13,538
510,000 45,672 24,366 17,307 13,809
520,000 46,567 24,844 17,646 14,080
530,000 47,463 25,322 17,986 14,350
540,000 48,358 25,800 18,325 14,621
550,000 49,254 26,277 18,664 14,892
560,000 50,149 26,755 19,004 15,163
570,000 51,045 27,233 19,343 15,434
580,000 51,940 27,711 19,682 15,704
590,000 52,836 28,188 20,022 15,975
600,000 53,731 28,666 20,361 16,246
610,000 54,627 29,144 20,701 16,517
620,000 55,522 29,622 21,040 16,787
630,000 56,418 30,100 21,379 17,058
640,000 57,313 30,577 21,719 17,329
650,000 58,209 31,055 22,058 17,600
660,000 59,104 31,533 22,397 17,870
670,000 60,000 32,011 22,737 18,141
680,000 60,895 32,488 23,076 18,412
690,000 61,791 32,966 23,415 18,683
700,000 62,686 33,444 23,755 18,953
710,000 63,582 33,922 24,094 19,224
720,000 64,477 34,399 24,433 19,495
730,000 65,373 34,877 24,773 19,766
740,000 66,269 35,355 25,112 20,036
750,000 67,164 35,833 25,451 20,307
760,000 68,060 36,311 25,791 20,578
770,000 68,955 36,788 26,130 20,849
780,000 69,851 37,266 26,470 21,120
790,000 70,746 37,744 26,809 21,390
800,000 71,642 38,222 27,148 21,661
810,000 72,537 38,699 27,488 21,932
820,000 73,433 39,177 27,827 22,203
830,000 74,328 39,655 28,166 22,473
840,000 75,224 40,133 28,506 22,744
850,000 76,119 40,610 28,845 23,015
860,000 77,015 41,088 29,184 23,286
870,000 77,910 41,566 29,524 23,556
880,000 78,806 42,044 29,863 23,827
890,000 79,701 42,522 30,202 24,098
900,000 80,597 42,999 30,542 24,369
910,000 81,492 43,477 30,881 24,639
920,000 82,388 43,955 31,220 24,910
930,000 83,283 44,433 31,560 25,181
940,000 84,179 44,910 31,899 25,452
950,000 85,074 45,388 32,239 25,723
960,000 85,970 45,866 32,578 25,993
970,000 86,865 46,344 32,917 26,264
980,000 87,761 46,821 33,257 26,535
990,000 88,657 47,299 33,596 26,806
1,000,000 89,552 47,777 33,935 27,076
1,010,000 90,448 48,255 34,275 27,347
1,020,000 91,343 48,733 34,614 27,618
1,030,000 92,239 49,210 34,953 27,889
1,040,000 93,134 49,688 35,293 28,159
1,050,000 94,030 50,166 35,632 28,430
1,060,000 94,925 50,644 35,971 28,701
1,070,000 95,821 51,121 36,311 28,972
1,080,000 96,716 51,599 36,650 29,242
1,090,000 97,612 52,077 36,989 29,513
1,100,000 98,507 52,555 37,329 29,784
Educationnewshub.co.ke
1,110,000 99,403 53,032 37,668 30,055
1,120,000 100,298 53,510 38,008 30,325
1,130,000 101,194 53,988 38,347 30,596
1,140,000 102,089 54,466 38,686 30,867
1,150,000 102,985 54,944 39,026 31,138
1,160,000 103,880 55,421 39,365 31,409
1,170,000 104,776 55,899 39,704 31,679
1,180,000 105,671 56,377 40,044 31,950
1,190,000 106,567 56,855 40,383 32,221
1,200,000 107,462 57,332 40,722 32,492
1,210,000 108,358 57,810 41,062 32,762
1,220,000 109,253 58,288 41,401 33,033
1,230,000 110,149 58,766 41,740 33,304
1,240,000 111,045 59,243 42,080 33,575
1,250,000 111,940 59,721 42,419 33,845
1,260,000 112,836 60,199 42,758 34,116
1,270,000 113,731 60,677 43,098 34,387
1,280,000 114,627 61,155 43,437 34,658
1,290,000 115,522 61,632 43,777 34,928
1,300,000 116,418 62,110 44,116 35,199
Educationnewshub.co.ke
1,310,000 117,313 62,588 44,455 35,470
1,320,000 118,209 63,066 44,795 35,741
1,330,000 119,104 63,543 45,134 36,012
1,340,000 120,000 64,021 45,473 36,282
1,350,000 120,895 64,499 45,813 36,553
1,360,000 121,791 64,977 46,152 36,824
1,370,000 122,686 65,455 46,491 37,095
1,380,000 123,582 65,932 46,831 37,365
1,390,000 124,477 66,410 47,170 37,636
1,400,000 125,373 66,888 47,509 37,907
1,410,000 126,268 67,366 47,849 38,178
1,420,000 127,164 67,843 48,188 38,448
1,430,000 128,059 68,321 48,527 38,719
1,440,000 128,955 68,799 48,867 38,990
1,450,000 129,850 69,277 49,206 39,261
1,460,000 130,746 69,754 49,546 39,531
1,470,000 131,641 70,232 49,885 39,802
1,480,000 132,537 70,710 50,224 40,073
1,490,000 133,433 71,188 50,564 40,344
1,500,000 134,328 71,666 50,903 40,614