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