CURRENT BUSINESS CONDITIONS LOANS APRIL 2023

 

Loan Type Product Amount Maximum Loan Term Interest Rate Administration Fees Insurance Savings/Deposit Requirement (**negotiable)
Micro leasing Asset Finance Loan 2 (Individual) MALF2

 

 

 

 Minimum-$1,000

Maximum $ 3,000,000

 12 months

 

 

 

 

 10% per month, straight-line

 

 

 

 10% up-front, once off

 

 

 

 1% 20% of loan amount required**
Group Micro leasing Asset Finance Loan GMALF2

 

 

 

 

 Minimum-$1,000

Maximum $ 3,000,000

 12 months

 

 

 

 

 10% per month, straight-line

 

 

 

 10% up-front, once off

 

 

 

 1%

 

 

 

 

 20% of loan amount required**

 

 

 

 

 
Micro-enterprise Bus. Loan 1

 

 

 

Micro-enterprise Bus. Loan 2

 

 MEBL01

 

 

 

MEBL02

 

 Below $900,000

 

 

 

Above $900,000

 

 9 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%

 Nil

 

 

 

Nil

 
Joint Liability Group Loan 1

 

 

 

Joint Liability Group Loan 2

 

 

 JLGL01

 

 

 

JLGL02

 

 Below $900,000

 

 

 

Above $900,000

 

 12 months

 

 

 

9 months

 7.5% per month, straight-line

 

 

10% per month, straight-line

 10% up-front, once off

 

 

10% up-front, once off

 1%

 

 

 

1%

 Nil

 

 

 

Nil

 
Micro Farming Loan

 

 

 

 

 

 MICRL1, MICRL2

 

 

 

 

 Below $900,000

 

 

 

 9 months

 

 

 

 

 7.5% per month, straight-line

 

 

 

 7.5% up-front, once off

 

 

 

 1%

 

 

 

 

 Nil

 
SME Loan 1

 

 

SME Loan 2

 

 

SME Loan 3

 

 

 SMEL01

 

 

SMEL02

 

 

SMEL03

 

 Below $9,000,000

 

 

$9,000,000-$50,000,000

 

Above $50,000,000

 1-9 months

 

 

1-12 months

 

 

1-6 months

 

 10% per month, straight-line

 

7.5% per month, straight-line

 

6.25% per month, straight-line

 10% up-front, once off

 

7.5% per month, once off

 

7.5% per month, once off

 

 1%

 

 

1%

 

 

1%

 

 Nil

 

 

Nil

 

 

Nil

 

 
Civil Servants SSB Loans

 

 

 

 SSBSL1, SSBL2

 

 

 

 Below $900,000

 

 1 – 12 months

 

 

 

 10% per month, straight-line

 

 

 10% up-front once off

 

 

 1%

 

 

 

 Nil

 

 

 
Government Pensioners Loan

 

 

ZIMPET

 GPNL02

 

 

PENL01

 No limit

 

 

No limit

 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

 

 CPRTL03 Below $900,000

 

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

 
Consumer Loan CONL2 No limit

 

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

 
Individual Micro Vendor Loan

 

 

Group Micro Vendor Loan

 IMVL1

 

 

GMVL1

 Below $900,000

 

 

Below $900,000

 1-2 months

 

 

1-2 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
Individual Bakery Loan

 

 

Group Bakery Loan

 IMICBL

 

 

GMICBL

 Below $900,000

 

 

Above $900,000

 1 – 6 months

 

 

1 – 6 months

 7.5% per month, straight-line

 

7.5% per month, straight-line

 

 7.5% up-front, once-off

 

7.5% up-front, once-off

 1%

 

 

1%

 Nil

 

Nil

 

PROPOSED BUSINESS CONDITIONS MARCH 2023 SAVINGS 

Loans

                  

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 ZWL1 000

 

 ZWL1 000 ZWL1 000 ZWL1 000 ZWL5 000 ZWL5 000 ZWL50 000
Account Opening Deposit ZWL5 000 ZWL5 000 ZWL5 000 ZWL5 000 ZWL5 000 ZWL5 000 ZWL50 000

 
Account Closure ZWL1 000

 

 ZWL1 000 ZWL1 000 ZWL1 000 ZWL2 000 ZWL2 000

 

 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 ZWL 1 000

No Max

 

 3%

Min ZWL1000

No Max

 3%

Min ZWL1000

No Max

 3%

Min ZWL1 000

No Max

 3%

Min ZWL1 000

No Max

 3%

Min ZWL1 000

No Max

 Free
Cash Withdrawal Fees-POS 2.5%

Min ZWL 500

No Max

 2.5%

Min ZWL500

No Max

 2.5%

Min ZWL500

No Max

 2.5%

Min ZWL500

No Max

 2.5%

Min ZWL500

No Max

 2.5%

Min ZWL500

No Max

 

 N/A
Statement Request-Branch ZWL500

per page

 

 ZWL500

per page

 ZWL500

per page

 ZWL500

per page

 

 ZWL500

per page

 

 ZWL500

per page

 

 free
RTGS*(Above ZW$500 subject to 2% IMT Tax) 2%

Min ZWL2 000

Max ZWL20 000

 2%

Min ZWL2 000

Max ZWL20 000

 2%

Min ZWL2 000

Max ZWL20 000

 2%

Min ZWL2 000

Max ZWL20 000

 

 2%

Min ZWL2 000

Max ZWL20 000

 

 2%

Min ZWL2 000

Max ZWL20 000

 

  
Internal Transfer*

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

 1%

Min ZWL1 000

Max ZWL10 000

 1%

Min  ZWL1 000

Max ZWL10 000

 

 1%

Min  ZWL1 000

Max ZWL10 000

 

 1%

Min ZWL1 000

Max ZWL10 000

 

 1%

Min ZWL1 000

Max ZWL10 000

 1%

Min ZWL1 000

Max ZWL10 000

 

 N/A
Credit Interest 10% per annum 10% per annum 10% per annum 10% per annum 10% per annum 10% per annum 10% per annum
Balance Enquiry ZWL3 000

 

 ZWL3 000 ZWL3 000 ZWL3 000 ZWL3 000 ZWL3 000 ZWL3 000

 
Withholding Tax on Credit Interest 15%

 

 15% 15% 15% 15% 15% 15%
Monthly Service Fess ZWL500 ZWL500 ZWL500 ZWL500 ZWL2 000 ZWL1 000

 

 Nil

 

TREASURY INVESTMENTS: MINIMUM INVESTMENT AMOUNT ZWL 10,000.00

INTEREST RATE: 20%  PER ANNUM

 

BUSINESS CONDITIONS JANUARY 2023 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 JANUARY 2023:  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