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.