Loan Summaries Terms and Conditions
| Loan Product | Amount | Interest/Month | Application Fee | Processing Fee | Repayment Period | Security | Action |
|---|---|---|---|---|---|---|---|
| Normal Loan 1 | 2 times member’s shares | 3.50% | MWK200 | 3% of loan Amount | Maximum of 24 months | Shares | Calculate Loan |
| Normal Loan 2 | 2 times member’s shares | 4.00% | MWK200 | 3% of loan Amount | Maximum of 36 months | Shares | Calculate Loan |
| Emergency Loan | MWK 10,000-1,000,000 | 4.00% | MWK200 | 3% of loan Amount | Maximum of 3 months | Shares | Calculate Loan |
| Agricultural inputs (Fertilizers and Seeds) | Capacity based | 4.00% | MWK200 | 3% of loan Amount | Maximum of 6 months | Shares | Calculate Loan |
| Ndatherapano(Payday) | Min MWK 5,000 | 5.00% | MWK200 | 3% of loan Amount | 1 month | Shares | Calculate Loan |
| Material Loan | Maximum of MWK 1,000,000 | 4.00% | MWK200 | 3% of loan Amount | Maximum of 6 months | Shares | Calculate Loan |
| Capacity loan | 4 times member’s shares | 4.00% | MWK200 | 3% of loan Amount | Maximum of 36 months | Shares and other | Calculate Loan |
| Takulandilani | Maximum of 12 times monthly share contribution | 3.50% | MWK200 | 3% of loan Amount | Maximum of 12 months | Shares and other | Calculate Loan |