loan application

  1.  A copy of National ID Card / Passport
  2. An ORIGINAL PAYSLIP not more than TWO months old.
  3. A fully filled OFFICIAL loan application form.
  4. The loan must be fully guaranteed.

Other conditions applicable

This is a percentage of savings pegged on the amount of loan a member borrows. Prorata encourages a savings culture. Guess what?……………………………………..your next loan will be bigger than this current one because, prorata will enable you increase your savings and you will also enjoy a very good dividend percentage at the close of the financial year.
1. Minimum monthly share contribution applicable after loan approval is a percentage of the loan depending on one’s deposit balance as follows:

sharerange loanapplication

2. Approved loans shall be paid through the FOSA account.
3. Members can qualify for all the above loan products at any given time provided that TOTAL OUTSTANDING LOANS SHALL NOT EXCEED SIX TIMES A MEMBER’S DEPOSITS subject to the 1/3 salary rule.

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Mwalimu National

Head Office: Mwalimu Towers,
Hill Lane, Off - Mara Road, Upperhill.
Address: P.O. Box 62641 00200 Nairobi Kenya
Tel: +254 020 295 6000
Mobile:  +254 709 898 000
SMS Number: 0721 270 944