Personal Vehicle Loans

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?

  • Max - Dependant on financial capacity of the customer
  • Maximum repayment period of 36 months for reconditioned and second hand, 48 months for brand new vehicles
  • Second hand vehicles should be less than 5 years.
  • Reconditioned vehicles should be less than 10years
  • Accessible by NBM and non NBM customers.

Costs To Access The Product

  • Minimum interest rate of RBM reference rate +10.1% pa
  • 1% arrangement fees of the consideration plus VAT
  • 0.6% stamp duty of the consideration plus VAT

How To Access Product

Available to NBM account and non NBM account holders in confirmed employment.

  • Fill a credit application form
  • Submit latest pays lip
  • Submit letter of undertaking from employer.
  • Copy of valuation report – for second hand or recondition vehicles.
  • Copies of import documents (Custom Clearance and Police Clearance Certificate) for newly imported vehicles
  • Invoice from supplier
  • Bank statement for at least 12 month if account is held with other banks.

Terms and Conditions

Customer to provide for monthly repayments



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.