Access your Mwito SACCO Loans 2024 online to apply for your Instant (Pesa Waa) Loan, Karibu Loan, College or University Loan, School Fees Loan, Emergency Loan, Manufaa Loan, Top Up Loan, or Development Loan using your ID number, your position in employment and also your position in SACCO. In this article, also access your Mwito SACCO Portal online with your member number.
Mwito SACCO Loans General Requirements 2024
Find below the general requirements to apply for a loan online
- All development, manufacturing, and top loans will be processed on a first-come, first-served basis
- All loans must be secured or guaranteed unless the applicant’s deposits exceed the loan amount applied for and have not guaranteed any other loans
- The 2/3 basic salary rule must be observed at all times
- No new loan will be processed unless the previous ones are being serviced according to the terms
- Any loan not being serviced will accrue interest every month in default
- Every loan retired prematurely will attract three (3) months’ interest on the outstanding balance
- Every loan processed will attract an initial interest rate of 1.5% of the loan granted
- All loan applications must include a certified copy of the payslip
- The monthly deposit contribution must be a minimum of Shs 2,000 or 5% of the applicant’s basic salary, whichever is higher
- The multiplier for loans will be four times a member’s deposits
How to Apply for Mwito SACCO Loans Online 2024
To apply for your loan online, please follow the steps below
- Visit the website via mwitosacco.coop
- Click on the Downloads button
- Click on the Loan Application Form link
- Download the PDF and Print it
- Write your full name clearly
- Specify your current employer
- Provide your current residential address and indicate your workstation
- Specify your contact number and your job title
- State your role in the SACCO (e.g., Member, Delegate, Official, Employee).
- Enter your date of birth
- Fill in the loan amount in Kenyan Shillings and words.
- Number of months for repayment
- Choose the type of loan you’re applying for (e.g., Development, Emergency, School Fees)
- Tick your preferred method – A) Reducing Balance or B) Constant Method
- Specify the purpose of the loan (e.g., Home Improvement, Education, Medical Emergency).
- Complete the form and submit it to the address: Mwito Sacco Society Limited, P.O. Box 56763-00200 Nairobi
Note: This application form should be submitted together with the most recent certified payslip and copy of the national ID card
Contact Information
Mwito Sacco Society Ltd
P.O Box 56763-00200 Nairobi
Email: [email protected]
Customer Care:
- 0715-555 390
- 020-3505209
- 0713786028
- 0785-715392
IT or ATM Department: 0728505820
Credit or LoansDepartment: 0728 505 800
Finance Department: 0786 588 666
