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