BUSINESS CONDITIONS LOANS JUNE 2022
Loans
| Loan Type | Product | Amount | Maximum Loan Term | Interest Rate | Administration Fees | Insurance | Savings/Deposit Requirement (**negotiable) |
|---|---|---|---|---|---|---|---|
| Microleasing Asset Finance Loan 1(Individual)** Microleasing Asset Finance Loan 2(Individual) | MALF1 MALF2 | Minimum-$1,000 Maximum $ 3,000,000 | 12 months 12 months | 2% per month, straight-line 5% 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 Microleasing Asset Finance Loan 1(Groups)** Group Microleasing Asset Finance Loan 2(Groups) | GMALF1 GMALF2 | Minimum-$1,000 Maximum $ 3,000,000 | 12 months 12 months | 2% per month, straight-line 5% 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 $ 200,000 Minimum-$200,001 Maximum $ 3,000,000 | 12 months 12 months | 7.5% per month, straight-line 10% per month, straight-line | 7.5% 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 $ 200,000 Minimum-$200,001 Maximum $ 3,000,000 | 12 months 12 months | 7.5% per month, straight-line 10% per month, straight-line | 7.5% 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 $ 200,000 Minimum-$200,001 Maximum $ 3,000,000 | 9 months 9 months | 7.5% per month, straight-line 10% per month, straight-line | 7.5% up-front, once off 10% up-front, once off | 1% 1% | 10% of loan amount required** 10% of loan amount required** |
| SME Loan 1 Special SME Loan SME Loan 3 (NEW) | SMEL01 SMEL2 SMEL 3 | Minimum $1,000 Maximum $10,000,000 Minimum $1,000 Maximum $10,000,000 Minimum $1,000 Maximum $10,000,000 | 1-9 months 1-12 months 1-12 months | 10% per month, straight-line 7.5% per month, straight-line 5% per month, straight-line | 10% up-front, once off 7.5% up-front, once off 5% up-front, once off | 1% 1% 1% | 10% of loan amount required** 10% of loan amount required** 10% of loan amount required** |
| Civil Servants SSB Loans 1 Civil Servants SSB Loans 2 Civil Servants SSB Loans 3 Civil Servants (Special) SSB Loans | SSBL1 SSBL2 SSBL3 SSBSL1 | Minimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,000 | 1 - 6 months 1 -12 months 1 -12 months 1 -12 months | 10% per month, straight-line 10% per month, straight-line 7.5% per month, straight-line 5.5% per month, straight-line | 10% up-front once off 10% up-front once off 7.5% up-front once off 10% up-front once off | 1% 1% 1% 1% | Nil Nil Nil Nil |
| Government Pensioners Loan ZIMPET | GPNL PENL | Minimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,000 | 1 - 12 months 1 - 12 months | 10% per month, straight-line 10% per month, straight-line | 10% up-front once off 10% up-front once off | 1% 1% | Nil Nil |
| Corporate Lending | CPRTL3 | Minimum $1,000 Maximum $500,000 | 1 - 12 months | 10% per month, straight-line | 10% up-front, once-off | 1% | Nil |
| Consumer Loan | CONL1 | Minimum $1,000 Maximum $500,000 | 1 - 12 months | 10% per month, straight-line | 10% up-front, once-off | 1% | Nil |
