Salary Based Loans for Civil Service Employees (salaries coming through ZNA and SSB)
These are available to all Civil service employees.
Qualification Criteria
Loans are salary based. Homelink deducts up to a maximum of 30% of applicant’s net salary. After paying deduction one should remain with a net salary not below 200.
Requirements for Loan Application
- ZNA and SSB members
- Loan agreement form.
- Copy of I.D
- Letter of employment
- Current payslip
Private Companies
- Private sector clients at 3% pm
- RBZ and subsidiaries clients (staff loans) at 1% pm
- Acknowledgement of debt form.
- Loan agreement form.
- Deduction form
- Copy of I.D
- Letter of employment
- 3 months’ payslips
- 3 months bank statement
- Proof of residence in the form of a utility bill
|
Currency |
USD |
|
Tenor |
3-24months |
|
Interest rate |
3% pm |
|
Administration charges |
$5 |
|
Insurance |
2.1% |
|
Arrangement fee |
3,5% |
|
Maximum Loan Amount |
$2,500 |