Chitukuko Sacco Malawi

Normal Loan

This is a long term loan and can be paid up to a maximum of 24 months and attracts an interest of 3.5% per month. These loans are disbursed twice a month. Maximum amount is 200% of current shares. This type of loan has a  processing fee of 4%. To calculate how much the loan will charge please click here and select Normal loan; type in the loan amount and number of months you want the loan to be deducted with a maximum of 24 months. The details of deductions will display below

Requirements:

  • Contact your closest branch to check how much loan can be taken depending on your shares and current loans if any

  • Fill a loan application form and get it approved on salary deduction

  • Provide a current payslip
  • To download loan application form click here

  • Collateral for loans over MK1,000,000

 Blantyre and Zomba Branch Normal Loan Schedule Click here to download

Loan Calculator

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Total Interest Alone You Will Pay: {{totalinterest() | currency : "MK"}} ( {{interest_percentage}} % Monthly Rate for {{getPeriod()}} Months )

Months Date Principal Amount Monthly Deduction Interest Deduction Total Monthly Deduction
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