Borrow with confidence, at rates that respect your salary.
From planned purchases to genuine emergencies, five loan products at some of the most competitive rates available in Malawi — because the fund belongs to members, not shareholders.
Up to 200% of your shares
4% per month, up to 24 monthsEvery loan product, in depth
Figures below match what's published for Chitukuko SACCO — no hidden conditions.
Normal Loan
Our flagship long-term facility for home construction, vehicle purchase, or expanding commercial operations. Disbursed twice a month, with collateral required above MK2,000,000 and a current payslip needed for the salary deduction.
4%/mo
24 mo
200% shares
4.8%
Best for planned, non-urgent expenses with a clear repayment plan.
Emergency Loan
Available anytime for genuine, unplanned emergencies — medical bills, bereavement, or urgent repairs — with a simplified approval process so you're not left waiting when it matters most.
4%/mo
4 mo
MK 300,000
4.8%
Best for urgent, unplanned situations that can't wait for standard processing.
Advance Loan
A short-term advance against your next expected income, available anytime, with automatic payroll check-off repayment. This is the only loan that carries no processing fee at all.
6%/mo
2 mo
MK 200,000
None
Best for short, predictable gaps between income rather than long-term borrowing.
Usova Loan
Disbursed every Friday, this flexible mid-term facility is designed for agricultural inputs, small restocking, and household assets. Apply by Thursday for Friday disbursement.
4%/mo
6 mo
MK 500,000
6%
Best for members balancing personal savings with family or community obligations.
Material Loan
Chitukuko procures items on your behalf — building materials, household items, even a car — rather than paying out cash. A long-term facility repaid over up to 24 months, with collateral required above MK2,000,000.
3.5–6%/mo
24 mo
200% shares
4.8%
Best for members with a concrete purchase in mind and no supplier relationship of their own.
See your exact repayments before you apply
Adjust loan parameters in real-time. Calculated using Chitukuko SACCO's authentic published rates without hidden fees.
Actual eligible amount depends on your accumulated Chitukuko shares (up to 200%) and salary check-off headroom verified by our Blantyre loans officer.