Lilongwe 07:30 – 16:30 4295
ORDER FINANCE LOANS

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

ORDER FINANCE LOANS

Individual Loan

Rate: Interest rate 6.0 % pm Processing and Admin fees - 10% Life Insurance 1.5% Collateral Insurance - TBA%

Target Market

Individuals, partnerships or private limited companies requiring to finance short term contracts and orders for supply of goods and services.

Tenure

Up to 12 months As loan repayment is usually by bullet payment, Grace period is not applicable

Thresholds

Above K30.0 million to K250.0 million

Objectives
  • Contribute to socio-economic development.
  • Promote job creation.
  • Entrench entrepreneurship spirit
Benefits
Requirements
  • National ID.
  • Business Registration certificate
  • Guarantor Letter and ID
  • Proof of residence – sketch map
  • Passport size photo
  • Physical Collateral (perfection may align concurrent with execution of contract)
  • Valid /authenticated Purchase Order/Contract
Collateral
  • Cessation of Contract or Order proceeds Agreement.
  • Land (Registered and Unregistered Land)
  • Vehicles
  • Woodlot/Orchard
  • Plant and Equipment
  • Household Chattels
  • Furniture, Fixtures and fittings
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