Normal Loan
4% interest per month, up to 24 months, max 200% of your shares.
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Loans
Five loan products designed around real member needs — from planned purchases to genuine emergencies — at some of the most competitive rates available in Malawi.
Loan products
Borrow up to double your shares and deposits
Hover a card to preview it. Your eligibility is based on your savings and share balance — the more you've saved, the more you can borrow.
NORMAL LOAN
EMERGENCY LOAN
Emergency Loan
4% interest per month, up to 4 months, capped at MK300,000.
ADVANCE LOAN
Advance Loan
5% interest per month, up to 2 months, capped at MK200,000. No processing fee.
USOVA LOAN
Usova Loan
4% interest per month, up to 6 months, capped at MK500,000. Disbursed every Friday.
MATERIAL LOAN
Material Loan
3.5%–6% interest per month, up to 24 months, max 200% of your shares.
NOT SURE WHICH LOAN?
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We'll help you match your need to the right facility and repayment plan.
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Every loan product, in depth
Figures below match what's published on chitukukosacco.com.
01 · NORMAL LOAN
Normal Loan
A long-term loan repaid over a maximum of 24 months, attracting 4% interest per month. Loans are disbursed twice a month, with a maximum amount of 200% of your current shares.
INTEREST RATE4% per month
MAX. TERM24 months
MAX. AMOUNT200% of current shares
PROCESSING FEE4.8%
DISBURSEMENTTwice a month
COLLATERALRequired over MK2,000,000
Best for planned, non-urgent expenses with a clear repayment plan. Requires a current payslip and an approved salary deduction.
02 · EMERGENCY LOAN
Emergency Loan
Available anytime for genuine, unplanned emergencies, attracting 4% interest per month with a maximum repayment of 4 months.
INTEREST RATE4% per month
MAX. TERM4 months
MAX. AMOUNT100% of shares, capped at MK300,000
PROCESSING FEE4.8%
AVAILABILITYAnytime
Best for urgent, unplanned situations that can't wait for standard processing. Requires a current payslip and approved salary deduction.
03 · ADVANCE LOAN
Advance Loan
Available anytime, attracting 5% interest per month with a maximum repayment of 2 months. This loan does not carry a processing fee.
INTEREST RATE5% per month
MAX. TERM2 months
MAX. AMOUNT100% of shares, capped at MK200,000
PROCESSING FEENone
AVAILABILITYAnytime
Best for short, predictable gaps between income rather than long-term borrowing.
04 · USOVA LOAN
Usova Loan
Disbursed every Friday, attracting 4% interest per month with a maximum repayment of 6 months and a maximum amount of 200% of current shares.
INTEREST RATE4% per month
MAX. TERM6 months
MAX. AMOUNT200% of shares, capped at MK500,000
PROCESSING FEE6%
DISBURSEMENTEvery Friday
Best for members balancing personal savings with family or community obligations. Apply by Thursday for Friday disbursement.
05 · MATERIAL LOAN
Material Loan
Chitukuko procures items on your behalf — building materials, household items, even a car. A long-term loan repaid over a maximum of 24 months, attracting 3.5%–6% interest per month.
INTEREST RATE3.5%–6% per month
MAX. TERM24 months
MAX. AMOUNT200% of current shares
PROCESSING FEE4.8%
COLLATERALRequired over MK2,000,000
Best for members with a concrete building or purchase in mind and no supplier relationship of their own.
Plan ahead
Loan repayment calculator
Select a loan type to see its own interest rate, maximum term, and processing fee applied automatically.
Interest rate applied4% / month
Loan processing feeMK 0
Monthly deductionMK 0
Total interest payableMK 0
Total repayableMK 0
Figures reflect the published rate, fee, and maximum term for the selected loan type. Your actual maximum amount also depends on your current shares and deposits — confirm with a loans officer.