To be the most successful financial institution in Malawi with international visible presence.

Mission Statement

To provide the best financial services in Malawi and internationally, distinguished by outstanding service, product innovation and sustained earning.

Personal Vehicle Loans

Facility and Purpose

Facility has been designed b to assist individuals purchase brand new/second hand vehicles. 

Target Market

  • Salaried Employees including:
  • Non Resident Malawians with Foreign Currency Denominated Accounts
  • Foreign Nationals with Permanent Residence


Repayment Period and Other Terms

  • Up to 36 months for second hand vehicles
  • Up to 48 months for new vehicles
  • Second hand vehicle not to be more than 8 years old by end of repayment period.

Maximum Installment  Amount

  • Up to 30% of net pay


  • Lease or Bill of sale over vehicle.
  • Tradable securities other than shares e.g. Treasury Bills
  • Charge or Legal mortgage over property

Underwriting Requirements

Vet letter of undertaking( as per term loan check list)
  • Pay slip not more than 30 days old
  • Copy of Employment contract if applicable
  • Water/Electricity bills not more than 2 months old
  • Vehicle garage report by dealers or reputable garage if second hand   vehicle,  physically inspected  by  at least  two Bank Officials  one of them a Manager and ADV 10 securities completed
  • Valid driver's license
  • Vehicle registration certificate in vendor's name.
  • Vehicle to be comprehensively insured preferably under the Bancassurance scheme.
  • Offer by seller in writing or owner of the vehicle. No agents unless Power of Attorney is held and seen.
  • Sanctioned letter acknowledged by customer.
  • Motor Vehicle Registration Certificate endorsed with NBM interest before documents sent to legal(if Bill of Sale)
  • Latest Financial Statements
Security in place  before drawdown