A personal loan is a flexible financing solution designed to help you achieve your personal goals and meet your individual needs. The funds can be used for virtually any purpose, whether you’re purchasing your dream car, planning a memorable holiday, furnishing your home, funding a special event, or covering unexpected expenses. With no restrictions on how you use the money, the possibilities are endless, giving you the freedom to turn your plans into reality.
This facility assist the borrower to enhance their livelihood i.e. Housing loan or Medical loan.
LOAN REQUIREMENTS
- National IDs (including witnesses)
- Local purchase order (LPO) or contract
- Bank Statements (last 3 months)
- Financial Statements
- Board Resolutions (if applicable)
- Utility Bills
- Original copies of the Collateral
- Blue book for Motor Vehicle not more than 10 years
- Title deeds for Land or House
- Valuation report of collateral
- Security documents
- Business Registration Certificate
- Assignment of Proceeds.
- Financial interest clause (on comprehensive insurance)
- Company profile
- Repayment plan and financial projections
General Loan ranges from MWK200,000 to a maximum of MWK50,000,000