Loan Against Property (LAP)
This loan is ideal for professionals, proprietors, partnership firms and private limited companies.
Special features
- It is a fully secured loan.
- Quick turnaround time.
- Qualifying amount: Minimum - $ 10,000 & Maximum - $ 250,000
- Maximum tenor – 12 months.
- Equal Monthly Instalments.
- Competitive interest rates (on reducing balance method).
- For related charges, please refer to Tariff Guide.
Qualification criteria
- Minimum turnover set by the bank from time to time.
- Company needs to have operated for at least 3 years
- A business proposal together with completed SME credit application form
- Memorandum of agreement and articles of association accompanied by directors' ID's and proof of residence
- Proof of existing contracts and the proposed security:
We look forward to serving you!
For more information, simply call our SME Banking Team on +263 4 253801-5 or Call Centre on (04) 758078/9, or send us an email on contactus.zw@sc.com to leave your information. Our dedicated Relationship Managers will be in touch as soon as possible.
*Terms & Conditions apply