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Business Working Capital Loans
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1-12 months
Interest rate 20% p.m
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- Loans to support income generating activities for Individuals and SMEs
- Maximum loan $500,000
Requirements
- Business proposal
- Operating licence
- Companies- Memorandum and Articles of association, Certificate of incorporation, CR14, CR6,
- Individuals- ID, Proof of residence
- Cooperatives/Groups- constitution and registration documents (as necessary)
- Proof of income- 6 months bank statement, sales records
- Collateral security
Acceptable forms of security
- Title deeds
- Shares
- Fixed/Treasury investments
- Guarantees by individual / companies
- Movable asset pledges
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Order Finance Loans
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Up-to 90 days
Interest rate 20% p.m
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- For both individuals and SMEs with confirmed orders for reputable customers with capacity to pay.
- Loan tenure is determined by the terms and conditions of the order.
- Maximum loan $500,000
Requirements
- Business proposal
- Confirmed order(s)
- Letter of undertaking by the buyer/ issuer of the order
- Quotations from the supplier(s)
- Collateral security
- Supporting 6 months banking statements
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Salary based loans
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3-12 months
Interest rate 20% p.m
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- Personal loans availed to salaried individuals, ie, civil servants, university employees, selected councils, other approved employers.
- Caters for FBC Bank and Non FBC Bank Customers.
- Deductions will be by way of Payroll (eg SSB) stop order.
- Maximum loan $250,000
Requirements
- Current payslip
- ID
- Proof of residence
- Confirmation of employment
- 3 months bank statement
NB: ZNA members are not eligible
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Pension based loans
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3-12 months
Interest rate 20% p.m
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- Personal loans availed to Government, ZESA, NRZ and NSSA pensioners.
- Caters for FBC Bank and Non FBC Bank Customers.
- Deductions will be by way of Government and bank stop orders.
- Maximum loan $100,000
Requirements
- Current payslip
- ID
- Proof of residence
- 3 months bank statement
NB: All ex- government employees do qualify.
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ICT Loans
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3-12 months
Interest rate 20 p.m
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- Loan to finance the purchase of Smartphones, Laptops, I-pads, and any other ICT products from approved suppliers.
- The product is targeted to salaried individuals and civil servants.
- MicroPlan plays a financing role and the Partners looks after the product.
- Maximum loan $100,000.
Requirements
- Current payslip
- ID
- Confirmation of employment
- Proof of residence
- 3 months bank statement
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