Chitukuko Sacco Malawi

Usova Loan

These are loans are disbursed every Friday and attract an interest of 4% with a maximum repayment of 6 months. Maximum amount is 200% of current shares with a cap of MK500, 000. This type of loan has a  processing fee of 6%. To calculate how much the loan will charge please click here and select Usova loan; type in the loan amount and number of months you want the loan to be deducted with a maximum of 6 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

Loan Calculator

Loan Processing Fee (LPF): {{lpf() | currency : "MK"}} ( {{lpf_percentage}} % Rate)

Total Amount You Will Pay: {{total() | currency : "MK"}}

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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