You must have been employed by the school for at-least 6 months.
K5,000 minimum loan amount.
K35,000 maximum loan amount.
12 months maximum tenure.
Competitive floating interest rates linked to the Bank of Zambia Policy Rate.
Arrangement fees.
40% Debt Service Ratio.
Credit Life Insurance and the cost is covered by you.
BENEFITS
You can access affordable financing.
HOW TO GET IT AND WHAT TO EXPECT
Your school must have been onboarded by Business Banking and Workforce Banking.
You must have a salary account with Zanaco.
You must be a teacher that works for a community private school.
You can apply for an Edufin loan online using the online loan portal or through any of the Zanaco Branches.
3 latest payslips for school teachers.
You must be a confirmed employee without any pending disciplinary case which might result in 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 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.
You will be required to have a minimum net pay of K2,000.00
