BUSINESS CONDITIONS LOANS OCTOBER 2022

Loans

Loan Type Product Amount Maximum Loan Term Interest Rate Administration Fees Insurance Savings/Deposit Requirement (**negotiable)
Micro leasing Asset Finance Loan 1(Individual)**

 

 

Micro leasing Asset Finance Loan 2(Individual)

 MALF1

 

 

 

MALF2

 Minimum-$1,000

Maximum $ 3,000,000

 12 months

 

 

 

12 months

 10% per month, straight-line

 

 

10% per month, straight-line

 10% up-front, once off

 

 

10% up-front, once off

  

1%

 

 

1%

 10% of loan amount required**

 

 

 

20% of loan amount required
Group Micro leasing Asset Finance Loan 1(Groups)**

 

 

Group Micro leasing Asset Finance Loan 2(Groups)

 GMALF1

 

 

 

GMALF2

 Minimum-$1,000

Maximum $ 3,000,000

 12 months

 

 

 

12 months

 10% per month, straight-line

 

 

10% per month, straight-line

 10% up-front, once off

 

 

10% up-front, once off

 1%

 

 

 

1%

 10% of loan amount required**

 

 

 

20% of loan amount required
Micro-enterprise Bus. Loan 1

 

 

 

Micro-enterprise Bus. Loan 2

 

 MEBL01

 

 

 

MEBL02

 

 Minimum-$500

Maximum $500,000

 

 

Above $500,001

 

 12 months

 

 

 

12 months

 10% per month, straight-line

 

 

15% per month, straight-line

 10% up-front, once off

 

 

10% up-front, once off

 1%

 

 

 

1%

 10% of loan amount required**

 

 

 

10% of loan amount required**

 
Joint Liability Group Loan 1

 

 

 

Joint Liability Group Loan 2

 

 

 JLGL01

 

 

 

JLGL02

 

 Minimum-$500

Maximum $500,000

 

 

Above $500,001

 

 12 months

 

 

 

12 months

 10% per month, straight-line

 

 

15% per month, straight-line

 10% up-front, once off

 

 

10% up-front, once off

 1%

 

 

 

1%

 10% of loan amount required**

 

 

 

10% of loan amount required**

 
Micro Farming Loan 1

 

 

 

Micro Farming Loan 2

 

 

 MICRL1

 

 

 

MICRL2

 Minimum-$500

Maximum $500,000

 

 

Above $500,001

 

 9 months

 

 

 

9 months

 

 10% per month, straight-line

 

 

15% per month, straight-line

 10% up-front, once off

 

 

10% up-front, once off

 1%

 

 

 

1%

 10% of loan amount required**

 

 

 

10% of loan amount required**
SME Loan 1

 

 

 

 SMEL01

 

 

 Minimum $1,000

Maximum $10,000,000

 

 

 1-9 months

 

 

 20% per month, straight-line 10% up-front, once off 1%

 

 10% of loan amount required**

 
Civil Servants SSB Loans 1

 

 

Civil Servants SSB Loans 2

 

 SSBSL1

 

 

SSBL2

 Below $2,000,000

 

 

Above $2,000,000

 1 – 6 months

 

 

1 -12 months

 10% per month, straight-line

 

15% per month, straight-line

 10% up-front once off

 

10% up-front once off

 1%

 

 

1%

 

 Nil

 

 

Nil

 
Government Pensioners Loan

 

 

ZIMPET

 GPNL02

 

 

PENL01

 Maximum $1,000,000

 

 

Maximum $1,000,000

 1 – 12 months

 

 

1 – 12 months

 15% per month, straight-line

 

15% per month, straight-line

 10% up-front once off

 

10% up-front once off

 1%

 

 

1%

 Nil

 

 

Nil
Corporate Lending

 

 CPRTL03 Maximum $2,000,000

 

 1 – 12 months 15% per month, straight-line 10% up-front, once-off 1% Nil

 
Consumer Loan CONL2 Maximum $2,000,000

 

 1 – 12 months 15% per month, straight-line 10% up-front, once-off 1% Nil

 
Individual Micro Vendor Loan

 

 

Group Micro Vendor Loan

 IMVL1,

 

 

GMVL1

 Maximum $500,000

 

 

Above $500,000

 1 – 12 months

 

 

1 – 12 months

 10% per month, straight-line

 

15% per month, straight-line

 

 10% up-front, once-off

 

10% up-front, once-off

 1%

 

 

1%

 Nil

 

Nil
Individual Bakery Loan

 

 

Group Bakery Loan

 IMICBL,

 

 

GMICBL

 Maximum $500,000

 

 

Above $500,000

 1 – 12 months

 

 

1 – 12 months

 10% per month, straight-line

 

15% per month, straight-line

 

 10% up-front, once-off

 

10% up-front, once-off

 1%

 

 

1%

 Nil

 

Nil

BUSINESS CONDITIONS OCTOBER 2022 SAVINGS

Savings

Account Type Working Woman

Personal Savings

 Pensioners

Account

 Micro Farming Savings** Micro Enterprise Savings** SME Savings Group/Association/

Society**

 Fixed Deposit

(Contractual Savings)
Minimum Balance $200 $200 $200 $200 $2,000 $1,000

 

 $10,000
Account Opening Deposit $2,500 $2,500 $2,500 $2,500 $5,000 $5,000 $10,000
Account Closure $200 $200 $200 $200 $1,000 $500 N/A

BUSINESS CONDITIONS OCTOBER 2022:  ZIMSWITCH POS TRANSACTION FEES

ZIMSWITCH POS Transaction Fees

Account Type Working Woman

Personal Savings

 Pensioners

Account

 Micro Farming Savings** Micro Enterprise Savings** SME Savings Group/Association/

Society**

 Fixed Deposit

(Contractual Savings)
Minimum Balance $200 $200 $200 $200 $2,000 $1,000

 

 $10,000
Account Opening Deposit $2,500 $2,500 $2,500 $2,500 $5,000 $5,000 $10,000
Account Closure $200 $200 $200 $200 $1,000 $500 N/A
Transaction Type Working Woman

Personal Savings

 Pensioners

Account

 Micro Farming Savings Micro Enterprise

Savings

 SME Savings Group/Association/

Society                         

Fixed Deposit

(Contractual Savings)
Cash Deposit Fee Nil Nil Nil Nil Nil Nil

 

 Nil
Cash Withdrawal Fees-Slips 3% Min $75 No Max 3% Min $75

No Max

 3% Min $75

No Max

 3% Min $75

No Max

 3% Min $75

No Max

 3% Min $75

No Max

 Free
Cash Withdrawal Fees-POS 2.5% Min $50

Max $250

 2.5% Min $50

Max $250

 2.5% Min $50

Max $250

 2.5% Min $50

Max $250

 2.5% Min $50

Max $500

 2.5% Min $50

Max $500

 N/A
Statement Request-Branch $25 per page $25 per page $25 per page $25 per page $25 per page $25 per page free
RTGS*(Above ZW$500 subject to 2% IMT Tax) 1.5% Min $500

Max $2,500

 1.5% Min $500

Max $2,500

 1.5% Min $500

Max $2,500

 1.5% Min $500

Max $2,500

 1.5% Min $600

Max $5,000

 1.5% Min $600

Max $3,000

  
Internal Transfer*

(Above ZW$300 subject to 2% IMT Tax)

 1% Min $100

Max $100 $350

 1% Min $100

Max $350

 1% $100

Max $350

 1% Min $150

Max $750

 1% Min $150

Max $750

 1% Min $150

Max $500

 N/A
Credit Interest 40% per annum 40% per annum 40% per annum 40% per annum 40% per annum 40% per annum

 

 80% per annum
Balance Enquiry $25 $25 $25 $25 $25 $25 $25
Withholding Tax on Credit Interest 15% 15% 15% 15% 15% 15% 15%
Monthly Service Fess $100 $100 $100 $100 $500 $500

 

 Nil
Transaction Type ZW$
Initial Card ZW$1,500.00

 
Card Replacement ZW$1,500.00

 
Balance Enquiry ZW$15.00

 
Mini Statement ZW$20.00

 
POS Purchase
Transactions of ZW$500 and below 2.5% min ZW$75.00

Transactions of ZW$500.01 and above 2.5% min ZW75.00 + 2 % IMT Tax
POS Purchase with Cash Back
2.5 % min ZW$75 Max ZWL100 plus 2% IMT tax Above ZWL 1,000.01

 
POS Cash Back Limit ZW$5,000 per week

ZW$20,000 per month

 
Cash Withdrawal
 3.5 % of the amount ZW$75, max ZW$150 amounts below ZW$300

3.5 % of the amount ZW$75, max ZW$150 plus 2 % tax above ZWL300.01

 
Balance Inquiry on Insufficient funds
 ZW$25.00
 
POS Purchase Limit ZW$500,000 per day

 
POS Transaction Limit Per week ZW$3,500,000

 
POS Payment Amount Limit ZW$500,000/transaction