These are overdraft loans given to BancABC existing clients to fund their school tuitions.

Conditions are:

• Repayment period of 3 months,
• Insurance fees 4% of the loan amount.
• Interest rate 25% per month
• Application fees ZWL 3000
• Quantum of Loan (MAX) 30% of Net Salary excluding non-recurrent allowances.
• Turnaround time 48hours
• Disbursement channel bank account transfer.

For a client to apply, he or she must satisfy the following requirements.

• One copy of national ID
• Next of Kin ID
• Current pay slip and proof of employment