BUSINESS CONDITIONS DECEMBER 2020

Savings

Account TypeWorking Woman Personal SavingsPensioners AccountMicro Farming Savings**Micro Enterprise Savings**SME SavingsGroup/Association/ Society**Fixed Deposit (Contractual Savings) **
Minimum Balance$100$100$100$100$1000$500$5000
Account Opening Deposit$100$100$100$100$1000$500$5000
Account Closure$100$50$100$100$1000$500$100
Account TypeWorking Woman Personal SavingsPensioners AccountMicro Farming Savings**Micro Enterprise Savings**SME SavingsGroup/Association/ Society**Fixed Deposit (Contractual Savings) **
Cash Deposit FeeNilNilNilNilNilNilNil
Cash Withdrawal Fees2.5% Min $252.5% Min $102.5% Min $102.5% Min $102.5% Min $102.5% Min $10Free
Statement Request-Branch$20 per page$10 per page$10 per page$10 per page$10 per page$10 per pageFree
RTGS1.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5000
Internal Transfer1% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $100
Credit Interest2% per annum2% per annum2% per annum2% per annum2% per annum2% per annum2% per annum
Balance Enquiry$10$10$10$10$10$10$10
Withholding Tax on Credit Interest15%15%15%15%15%15%15%
Monthly Service Fess$30$30$30$30$100$50Nil

Loans

Loan TypeAmount TenureInterest RateAdministration FeesInsuranceSavings Requirement (negotiable**)
Microleasing/Asset Finance**Minimum-$1,000 Maximum-$1,000,0001-36 months6% per month flat rate6% up-front once off 10-30% of loan amount requested
Joint Liability Group 1**Minimum-$500 Maximum-$50,000  1 - 9 months 6% per month flat rate6% up-front once off1%10% of loan amount required**
Joint Liability Group 2Minimum-$50,001 Maximum- $500,000  1 - 9 months 10% per month flat rate7.5% up-front once off1%10% of loan amount required**
Micro Farming Loan 1**Minimum-$500 Maximum-$50,000  1 – 9 months 6% per month flat rate6% up-front once off1%10% of loan amount required**
Micro Farming Loan 2Minimum-$50,001 Maximum- $200,000  1 - 9 months 10% per month flat rate7.5% up-front once off1%10% of loan amount required**
Micro Enterprise Loan 1**Minimum-$1,000 Maximum-$50,000  1 - 9 months 6% per month flat rate6% up-front once off1%10% of loan amount required**
Micro Enterprise Loan 2Minimum-$50,001 Maximum- $2,000,0001 - 9 months 10% per month flat rate7.5% up-front once off1%10% of loan amount required**
SME LoanMinimum-$1,000 Maximum-$2,00 0,0001- 9 months10% per month flat rate7.5% up-front once off1%10% of loan amount required*
Corporate Lending (Salary-Based Loans for Staff of Private Companies)Minimum-$1,000 Maximum-$250,0001-12 months7.5% per month flat rate7.5% up-front once off1%Nil
Civil Servants LoanMinimum-$1,000 Maximum-$250,0001- 24 months7.5% per month flat rate7.5% up-front once off1%Nil
Pensioners LoanMinimum$1,000 Maximum$250,0001 - 24 months7.5% per month flat rate7.5% up-front once off1%Nil
Consumer LoanMinimum-$1,000 Maximum-$250,0009 months10% per month flat rate7.5% up-front once off1%Nil
Loan TypeProductAmountMaximum Loan TermInterest RateAdministration FeesInsuranceSavings/Deposit Requirement (**negotiable)
Micro leasing Asset Finance Loan 1(Individual)**MALF1Minimum-$1,000 Maximum $ 3,000,00012 months2% per month, straight-line10% up-front, once off1%10% of loan amount required**
Micro leasing Asset Finance Loan 2(Individual)MALF212 months5% per month, straight-line10% up-front, once off1%20% of loan amount required
Group Micro leasing Asset Finance Loan 1(Groups)**GMALF1Minimum-$1,000 Maximum $ 3,000,00012 months2% per month, straight-line10% up-front, once off1%10% of loan amount required**
Group Micro leasing Asset Finance Loan 2(Groups)GMALF212 months5% per month, straight-line10% up-front, once off1%20% of loan amount required
Micro-enterprise Bus. Loan 1MEBL01Minimum-$500 Maximum $ 200,00012 months7.5% per month, straight-line7.5% up-front, once off1%10% of loan amount required**
Micro-enterprise Bus. Loan 2MEBL02Minimum-$200,001 Maximum $ 3,000,00012 months10% per month, straight-line10% up-front, once off1%10% of loan amount required**
Joint Liability Group Loan 1JLGL01Minimum-$500 Maximum $ 200,00012 months7.5% per month, straight-line7.5% up-front, once off1%10% of loan amount required**
Joint Liability Group Loan 2JLGL02Minimum-$200,001 Maximum $ 3,000,00012 months10% per month, straight-line10% up-front, once off1%10% of loan amount required**
Micro Farming Loan 1MICRL1Minimum-$500 Maximum $ 200,0009 months7.5% per month, straight-line7.5% up-front, once off1%10% of loan amount required**
Micro Farming Loan 2MICRL2Minimum-$200,001 Maximum $ 3,000,0009 months10% per month, straight-line10% up-front, once off1%10% of loan amount required**
SME Loan 1SMEL01Minimum $1,000 Maximum $10,000,0001-9 months10% per month, straight-line10% up-front, once off1%10% of loan amount required**
Special SME LoanSMEL2Minimum $1,000 Maximum $10,000,0001-12 months7.5% per month, straight-line7.5% up-front, once off1%10% of loan amount required**
Civil Servants SSB Loans 1SSBL1Minimum $1,000 Maximum $500,0001 - 6 months10% per month, straight-line10% up-front once off1%Nil
Civil Servants SSB Loans 2SSBL2Minimum $1,000 Maximum $500,0001 -12 months10% per month, straight-line10% up-front once off1%Nil
Civil Servants SSB Loans 3SSBL3Minimum $1,000 Maximum $500,0001 -12 months7.5% per month, straight-line7.5% up-front once off1%Nil
Civil Servants (Special) SSB Loans 1SSBSL1Minimum $1,000 Maximum $500,0001 -12 months5.5% per month, straight-line10% up-front once off1%Nil
Civil Servants SSB Loans 2SSBL2Minimum $1,000 Maximum $500,0001 -12 months10% per month, straight-line10% up-front once off1%Nil
Civil Servants SSB Loans 3SSBL3Minimum $1,000 Maximum $500,0001 -12 months7.5% per month, straight-line7.5% up-front once off1%Nil
Civil Servants (Special) SSB LoansSSBSL1Minimum $1,000 Maximum $500,0001 -12 months5.5% per month, straight-line10% up-front once-off1%Nil
Government Pensioners LoanGPNLMinimum $1,000 Maximum $500,0001 - 12 months10% per month, straight-line10% up-front once off1%Nil
ZIMPETPENLMinimum $1,000 Maximum $500,0001 - 12 months10% per month, straight-line10% up-front once off1%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