Sometimes you need rapid access to money but do not want to or cannot access your savings. In these cases, the personal loan is a good product for you.
- You can borrow up to 80% of the cash deposit in your account
- Flexible repayment terms from 12 months to 60 months
- Interest rate is charged on outstanding principal balance
- The loan will be secured by customer's cash deposit.
- No need for additional security
- Affordable interest rate
- The loan is insured in case of death or permanent disability
- You can apply for a loan at any of our branches country wide
- Your salary should be routed through NMB account
- You should have a steady cash flow if you are self-employed
- You should be on permanent or long term employment terms for those who are employed
- You should have fixed deposit or bonus account which will be used as security/lien
- You will need to have a security worth 125% of the loan amount
- You should have a security to cover the loan such as a house (Legal Mortgage) or a Car (Chattel Mortgage)
Where to apply
If you are interested in this product, please contact your nearest NMB branch by clicking HERE.