Mwalimu National SACCO Development Loan
Mwalimu National SACCO
Last updated: December 16, 2025
★★★★★
0/5Based on 0 Reviews
Interest Rate
12% p.a.
Loan Amount
Ksh 50,000 - Ksh 15,000,000
Approval Time
24-72 hours
Processing Fee
KshNaN
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Pros & Cons
Pros
- Kenya's largest SACCO
- Low 12% interest rate
- High dividends (8-14% annually)
- Automatic TSC deduction
- Multiple loan products
- Wide branch network
- Life insurance included
- Long repayment up to 6 years
Cons
- Only for teachers/education sector
- Requires guarantors from same SACCO
- 6-month membership required
- Processing can take 72 hours
- Must build deposits first
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Product Details
Features
- Kenya's largest SACCO with 100,000+ members
- Borrow up to 4 times your deposits
- Low 12% interest on reducing balance
- Automatic TSC check-off deduction
- Multiple loan products available
- Dividend earnings (8-14% annually)
- Emergency loan within 24 hours
- School fees advance
- Life insurance included
- Retirement benefits
Eligibility Requirements
Age: 18 - 60 years
Employment: Teachers (TSC), Education sector employees
Required Documents
- National ID
- TSC Number
- Membership certificate
- Payslips (3 months)
- Guarantor forms
Repayment Options
TSC Check-offBank transferM-Pesa
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