Consumer Loans

Service/Product Target (Who Is The User In Mind)

Product Attributes/ Features: How Does The Product Work?

• Min – MK100,000
• Max – MK3,000,000, unsecured
• Repayment amount not to exceed 30% of salary
• Maximum repayment period of 36months
• To be covered under bancassurance for death and permanent disability
• Unsecured loan of up to MK3 million
• Can be topped up after paying 50%
• Second loan is accessible as long as repayment remains at 30% of net income
• Can be repaid before expiry at no cost

Costs To Access The Product

• Interest at RBM reference rate +11% pa
• Processing fees apply

How To Access Product

• Fill a credit application forms and ADV 4 forms
• Submit latest payslip
• Submit sketch map
• Customer ID
• Submit letter of undertaking from employer.
• Utility Bill

Terms and Conditions

Customer to provide for monthly repayments