Loan Facilities

Product definition

A Loan is a facility that is repayable in accordance with an agreed repayment term, over a period of a maximum of ten years depending on the purpose.

Purpose

To support capital expenditure, financing projects or can be used as working capital.

Period and Repayment

  • Short term loan repayable up to 24 months
  • Medium term loan repayable between 24 and 60 months
  • Long term loan repayable between 60 and 120 months
  • Reductions or repayment terms are to be discussed with the customer. No stipulated minimum applies

Benefits to the customer

The benefits to the customer are:
  • The drawing and repayment of funds is made in accordance with a prearranged schedule which is matched to the borrower’s needs.
  • Full repayment of the loan or temporary early reductions may be made at any time subject to a notice and which must be negotiated with the bank.
  • Security of knowing that finance is available for the required period.
  • Pre-planned draw downs and repayments facilitate accurate budgeting and disciplined repayments.

mission-vision

 Vision

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.