BUSINESS CONDITIONS LOANS JUNE 2022

Loans

Loan TypeProductAmountMaximum Loan TermInterest RateAdministration FeesInsuranceSavings/Deposit Requirement (**negotiable)
Microleasing Asset Finance Loan 1(Individual)** Microleasing Asset Finance Loan 2(Individual)MALF1 MALF2Minimum-$1,000 Maximum $ 3,000,00012 months 12 months2% per month, straight-line 5% per month, straight-line10% up-front, once off 10% up-front, once off1% 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 GMALF2Minimum-$1,000 Maximum $ 3,000,00012 months 12 months2% per month, straight-line 5% per month, straight-line10% up-front, once off 10% up-front, once off1% 1%10% of loan amount required** 20%% of loan amount required
Micro-enterprise Bus. Loan 1 Micro-enterprise Bus. Loan 2MEBL01 MEBL02Minimum-$500 Maximum $ 200,000 Minimum-$200,001 Maximum $ 3,000,00012 months 12 months7.5% per month, straight-line 10% per month, straight-line7.5% up-front, once off 10% up-front, once off1% 1%10% of loan amount required** 10% of loan amount required**
Joint Liability Group Loan 1 Joint Liability Group Loan 2JLGL01 JLGL02Minimum-$500 Maximum $ 200,000 Minimum-$200,001 Maximum $ 3,000,00012 months 12 months7.5% per month, straight-line 10% per month, straight-line7.5% up-front, once off 10% up-front, once off1% 1%10% of loan amount required** 10% of loan amount required**
Micro Farming Loan 1 Micro Farming Loan 2MICRL1 MICRL2Minimum-$500 Maximum $ 200,000 Minimum-$200,001 Maximum $ 3,000,0009 months 9 months7.5% per month, straight-line 10% per month, straight-line7.5% up-front, once off 10% up-front, once off1% 1%10% of loan amount required** 10% of loan amount required**
SME Loan 1 Special SME Loan SME Loan 3 (NEW)SMEL01 SMEL2 SMEL 3Minimum $1,000 Maximum $10,000,000 Minimum $1,000 Maximum $10,000,000 Minimum $1,000 Maximum $10,000,0001-9 months 1-12 months 1-12 months10% per month, straight-line 7.5% per month, straight-line 5% per month, straight-line10% up-front, once off 7.5% up-front, once off 5% up-front, once off1% 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 LoansSSBL1 SSBL2 SSBL3 SSBSL1Minimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,0001 - 6 months 1 -12 months 1 -12 months 1 -12 months10% per month, straight-line 10% per month, straight-line 7.5% per month, straight-line 5.5% per month, straight-line10% up-front once off 10% up-front once off 7.5% up-front once off 10% up-front once off1% 1% 1% 1%Nil Nil Nil Nil
Government Pensioners Loan ZIMPETGPNL PENLMinimum $1,000 Maximum $500,000 Minimum $1,000 Maximum $500,0001 - 12 months 1 - 12 months10% per month, straight-line 10% per month, straight-line10% up-front once off 10% up-front once off1% 1%Nil Nil
Corporate LendingCPRTL3Minimum $1,000 Maximum $500,0001 - 12 months10% per month, straight-line10% up-front, once-off1%Nil
Consumer LoanCONL1Minimum $1,000 Maximum $500,0001 - 12 months10% per month, straight-line10% up-front, once-off1%Nil