Loans
Are you busy planning to get your children back to school? Or are you planning a vacation or re-decorating your home and need some extra funds.
Whatever your needs are, you can take a Standard Chartered personal loan that offers you flexibility and simplicity.
Features of Our Personal Loan
- Applicable to all salary-based individuals (living and working in Zimbabwe only).
- No security needed.
- Flexible repayment periods of 12, 24 or 36 months.
- Credit Life insurance policy.
- Top up loan after 9 months consistent repayments from existing loan (36 months tenor) , and after 12 months consistent repayments from existing loan (24 months tenor) or at least 6 repayments on existing loan (tenor below 12 months).
- Qualifying amount: Minimum - $500 & Maximum $30,000 (for Personal Clients) and $36,000 (for Priority Clients)
- Charges: Establishment fees – 1.5-5% (of loan amount), interest rates – 15-22% per annum, insurance – 2.03% (12 months), 3.10% (24 months) and 4.12% (36 months).
What You Need To Qualify
- Be Salaried from approved companies. Salary should have been accruing to the account for 3 consecutive months. For new accounts, you will need to provide 2 months bank statements (previous bankers) supported by at least one salary credit through Standard Chartered Bank.
- Have a minimum net salary of $300 (Scheme loans) and $500 (Non-Scheme loans)
- Have proof of income (latest original payslip)
- Have a copy of employment contract, valid work permit and residence permit (where applicable)
- Provide your Metal/plastic ID, Valid passport or Driver’s licence
- Show proof of residence (recent utility bill)
- Be aged: 21-60 years
Complete an application form with all the applicable terms and conditions.
For more information, call (04) 758078/9 or visit your nearestbranch.
**Terms & Conditions apply
All loans are granted to Zimbabwean residents and employees of companies approved by Standard Charted Bank Zimbabwe. All loans are granted at the sole discretion of Standard Chartered Bank Zimbabwe.