Teachers in Kenya have excellent loan options due to stable employment. Access check-off loans, SACCO products, and preferential bank rates.
Join Mwalimu SACCO for the best teacher loan rates
Use TSC check-off for convenient repayment
Build savings history for higher loan limits
Maintain clean CRB record
Consider group schemes for larger projects
Mwalimu National SACCO offers the best rates (around 12% p.a.) for TSC teachers with up to 4x salary limit. Co-operative Bank and KCB also have special teacher loan packages with preferential rates.
Mwalimu SACCO: up to 4x gross salary (max KES 10M). Bank check-off loans: up to 3x net salary. Emergency loans: up to 1 month salary. Development loans: up to KES 5M with guarantors.
Yes, but without TSC check-off. Options include mobile loans (Branch, Tala), bank personal loans with salary processing proof, and some SACCOs that accept private school teachers.
Compare loan options and find the best rates for your situation.