Short Term Loan

Loans secured by cash

Credit Facility Limit
  • 80% of the cash collateral
Security
  • Cash
Interest Rate
  • Rate + Risk-Based margin
Penalty Interest
  • Base Rate + Risk-Based margin + 10% (for non-payment)
Facility Fees
  • Processing fees 1% min MWK17,400
  • Disbursement fees 0.5% of the loan
Term
  • Maximum of 24 Months
Requirements
  • Client should open a Fixed deposit account or investment account and maintain a transaction account