Asset Based Financing Scheme

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?

  • Max - Dependent on financial capacity of the customer and up to 85% of market value of property offered as security
  • Maximum repayment period of 60 months
  • Repayment amount not to exceed 35% of salary/income
  • Customers qualify for high amounts.
  • Pricing is low with a minimum at RBM reference rate +6.1% pa

Costs To Access The Troduct

  • Minimum interest rate of RBM reference rate +6.1% pa
  • Processing fees apply
  • Professional, Stamping and registrations fees

How To Access Product

  • Fill a credit application form
  • Submit latest payslip
  • Submit letter of undertaking from employer
  • Copy of valuation report.
  • Copy of title document
  • Utility Bill
  • Sketch map
  • Latest trading accounts (For customers relying on business proceeds)
  • Business Registration Certificate (For customers relying on business proceeds)
  • Projeted cash flows for at least 12 months (For customers relying on business proceeds)

Terms and Conditions

  • Customer to provide evidence of payment of city and ground rates
  • House to be insured with Bank interest noted
  • Bank to register a caution and charge before advancing funds
  • Customer to provide for repayment



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

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.