Current Account
Service/Product Target
Personal, SME and corporate clients
Product Attributes/ Features
- No minimum balance required
- Use of a cheque book
- Access to an overdraft for qualifying customers
Service/Product Target
Personal, SME and corporate clients
Product Attributes/ Features
Service/Product Target
Individuals, whether adult or minor and corporate organisations or businesses
Product Attributes/ Features
Service/Product Target
Salaries or employed individuals or individuals who own a business
Product Attributes/ Features
Service/Product Target
Students aged least 18 years
Product Attributes/ Features
The Step-Up Professional product and service offering is a package designed to assist young professionals by making it easy for them to access tailor made products befitting their professional as well as lifestyle needs. A young professional is any person aged between 18 to 35 years who is employed in a profession or white-collar occupation.
To qualify a young professional must fulfil the following:
The eligible young professionals shall have access to the following package:
The Package will have the following features and attributes:
Transactional Account (Current personal and Savings Account)
Digital Channel services
Credit offering
The credit package will allow the young professionals to have access to funds that will assist them to finance their personal needs. The credit package will offer the following.
Educational Loan
Professional subscription fees loans
Maximum exposure per customer to be at MK5 million
Appraisal and arrangement fees as per applicable bank tariffs on personal loans
Interest rate to be charged at Reference rate +8%
The Young Entrepreneurs product and service offering is a package designed to assist young entrepreneurs with a means to access various financial products and services from the Bank. A young entrepreneur is any person carrying on business or intending to start a business falling within the age group of 21 to 35 years.
To qualify a young entrepreneur must fulfil the following:
The eligible young entrepreneurs shall have access to the following package:
For qualifying customers, existing business accounts will be converted into the Step-Up Entrepreneur Account
Note: all the credit offering will be accessed by young entrepreneurs without requirement of any collateral
Service/Product Target
Children or persons under the age of 18
Product Attributes/ Features
Service/Product Target
Clubs and individual farmers and estate owners.
Product Attributes/ Features
Minimum balance of MK200
Service/Product Target
For customers with excess funds which they intend to commit to an investment for a fixed period of time.
Product Attributes/ Features
Service/Product Target
Personal and SME customers who wish to save money with the desire to accumulate wealth or finance an important event such as a weeding or vacation.
Product Attributes/ Features
Service/Product Target
For all customers who would like to invest their funds for short term requirements.
Product Attributes/ Features
Kasupe Finance is a package designed to assist Village Banks in accessing financial products and services from the Bank. Village Banks eligible for this offering shall be those that have operated for at least one year and keep records of their financial transactions. These may be Village Banks operating as Trusts or Clubs and Societies.
Transactional account
The Amayi Angathe Product and Service Offering has three main categories. These are; a Savings Account, Credit Facility and an Information Web Portal with dedicated Account Relationship Managers. The attributes of this product and service offering are summarised below:
AMAYI ANGATHE BUSINESS SAVINGS ACCOUNT
Attributes
first six months.
The Bank shall finance all eligible farmers in Malawi be it in the small- scale or Estate sub-sectors for the sole purpose of acquiring agricultural equipment and other farm implements which include the following: -
Service/Product Target (Who Is The User In Mind)
Product Attributes/ Features: How Does The Product Work?
The Premium Gold Finance Scheme has been designed to assist customers in middle to junior managerial positions and owners of Small and medium Enterprises to fulfill their personal dreams and ambitions by providing them with top quality financial services in form of a gold VISA card, a gold cheque book, an overdraft facility, personal loans occasionally when justified and a designated cashier at all National Bank of Malawi service centres.
Service/Product target (who is the user in mind)
Salaried employees – middle and low income earners
Product Attributes/ Features: How does the product work
Service/Product target (who is the user in mind)
Salaried employees & high net worth customers who want to buy property or improve existing property. (within city /town boundaries)
Product Attributes/ Features: How does the product work
Service/Product Target (Who Is The User In Mind)
Business and salaried customers who want to purchase brand new/ second hand and reconditioned vehicles
Product Attributes/ Features: How Does The Product Work?
Service/Product Target (Who Is The User In Mind)
Designed to assist high net worth corporate customers to avail their employees with loans via the Bank
Product Attributes/ Features: How Does The Product Work?
Service/ Product Target (Who is the user in mind)
Salaried and high net worth Customers who own property within city /town boundaries
Product Attributes/ Features: How Does The Product Work?
A Financial Lease, one of the facilities offered by the Retail Banking Division Division is a way of financing the purchase of the capital asset(s). The Bank, called the Lessor, retains the legal ownership of the asset throughout the tenure of the lease while the client, called the Lessee, has the economic ownership as they derive economic benefit through the usage of the asset.
In a Finance Lease, the legal ownership of the asset passes on to the lessee upon the successful completion of the lease.
Insurance premium Finance is a specially designed facility that aims at assisting our customers with paying annual insurance premiums. The facility enables our customers (both retail and corporate clients) to pay their insurance premiums in instalments rather than in one lump sum amount.
The Bank pays insurance premiums to the insurance company on behalf of the customer and grants a loan to the customer which is repaid in monthly instalments.
Effective interest rate varies from 10% to 16.5% per annum depending on the tenor of the loan chosen and the prevailing reference rate.
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VisionTo be the most successful financial institution in Malawi with international visible presence. |
Mission StatementTo provide the best financial services in Malawi and internationally, distinguished by outstanding service, product innovation and sustained earning. |