- It is a salaried loan where its target group is Government employees.
- It’s mostly for emergence purposes but can also be used to cater for short term needs such as school fees and any other need which is legal.
Features
- Must have salary account with MCB where salary should PASS at least ONCE
- Maximum loan amount is 50% of net salary.
- Maximum repayment period = 1Month
Benefits
- 0% Loan Application Fee
- 0% Life insurance: 0%
- No Collateral/Security, Just Customers salary passing through Mwalimu bank is enough
- 0 % Interest