NMB is offering two personal loan types, a salary advance loan and a personal loan.
1. NMB Salary Advance
NMB Bank offers salary advances to individual clients employed by companies in the NMB approved schemes who have received their salaries through the bank for a minimum of three months.
2. NMB Personal Loan
NMB Bank offers personal loans to account holders who would have received their salaries through the bank for a period of at least three months.
We are currently offering salary based loans for the two categories below
Public sector - Civil servants
• Salary has to be coming through NMB Bank
• Interest rate of 120%
• Maximum tenor 36months
• Multiplier - 10times net salary (maximum of ZWL1,000,000.00)
• Admin fees- 5%
• Insurance - 1% per year
Please note that you apply online on the NMBConnect *241#.
Private sector
We offer salary-based loans with the following terms and conditions:
• Salary has to be coming through NMB Bank
• Interest rate of 120%
• Maximum tenor 36months
• Multiplier - 6times net salary (maximum of ZWL5,000,000.00)
• Admin fees- 5%
• Insurance - 1% per year
We require the following documentation for loan applications:
• Loan form
• Copy of ID
• current payslip
• 1 passport photo
• letter of undertaking from the employer
• Current proof of residence
• contract of employment.
For those in the private sector kindly contact your nearest NMB Bank Branch for more information.