Lilongwe 07:30 – 16:30 4295
GENERAL TRADING LOANS

Contribute to socio-economic development. Promote job creation. Entrench entrepreneurship spirit

GENERAL TRADING LOANS

Individual Loan

Rate: Interest rate- 5.5% pm Processing and administration fee- 5%Life Insurance- 1.5% Collateral Insurance - TBA%

Target Market

Individuals, partnerships or private limited companies with well-established and registered businesses or have bankable business.

Tenure

6 to 24 months Grace period of up to 60 days from the day of loan disbursement

Thresholds

Minimum K5,000,000 to Maximum K250,000,000

Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Benefits
Requirements
  • National IDs
  • Business profile for existing enterprises/business plans for start-ups
  • Bank statement for existing business
  • Identification letter from Village Head or local leader in an urban location
  • Sketch Map to place of residence and business premises.
  • Passport Size Photo (Colour)
  • Financial statements/ Business records
Collateral
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
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