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
