This is a salary based unsecured loan product offered to employed Preferred Banking customers. Your employer will not be required to sign a contract or Memorandum of Understanding with the Bank. They will however be required to be onboarded through our Workforce Banking after the necessary vetting is conducted. The loan repayments are paid from your salary account held with Zanaco.
Competitive floating interested rates linked to the Bank of Zambia Monetary Policy rate
Credit life insurance with the cost being borne by you
Loan repayments to be paid from your salary account
BENEFITS
No collateral required
Customer can access up to K500,000.00 for their personal projects and investments at competitive rates
HOW TO GET IT AND WHAT TO EXPECT
You can apply for a premier loan using the online loan portal or through any of the Zanaco Branches
You must have a Zanaco Salary account
You will be required to submit 3 latest payslips
Evidence of three salary credits is required
You will be required to have a minimum net pay of K2,000.00
Clean Credit Reference Bureau report
Letter of undertaking from employer to be provided
You must be a confirmed employee without any pending disciplinary case which might result into dismissal or separation
You must be aged between 18 years and 60 years if employed on Permanent and Pensionable basis. If employed on contract, the maximum age for you to apply for a premier loan is 72 years where the loan must be paid off 3 months before expiry of your contract and 3 months before your 72nd birthday
