Civil Servant
Loan

Easy access to funds for civil servants — no collateral required, with terms from 1 to 60 months and embedded funeral cover.

Lending is subject to approval. Fees and charges are reviewed annually. Ts&Cs apply.

Funeral cover included

Letter of undertaking from the employer.
Other terms and conditions also apply.
Loan can be accessed even when customer holds their salary account with another bank.
Minimum tenor is 1 month and maximum is 60 months.
Mandatory credit life insurance.

Transparent pricing

Rates & Charges

Detail	Information
Term	1 - 60 months
Amount	Net take-home pay after deduction within 50% of gross pay (50% take-home pay rule)
Collateral	Not applicable
Insurance	Credit Life (1yr 1.5% – 5yr 7.5%) + Embedded Funeral Cover (1yr 0.6% – 5yr 1.80%); K150,000 funeral benefit

Am I eligible?

Civil servants from all Government ministries and approved Government of Malawi Parastatals
Have an active account in their name at Centenary Bank
Have been earning a regular income for a minimum of 3 months
Be over the age of 18 years
Be under the age of 60 years
Loans issued to clients who are 59 years old must finish at least 3 months prior to the client turning 60
Affordability analysis done in line with PSM affordability

Find your preferred Branch easily. Just enter your location and we will show you the nearest outlet!

Plan your repayments

Loan Amount

Min 500,000 · Max 250,000,000

Annual Interest Rate

Indicative; the actual rate depends on your credit assessment.

Loan Term

Min 1 mo · Max 60 mo

Total Payment

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Illustration only. Actual repayments depend on credit assessment, fees, and prevailing rates. Subject to Centenary Bank Terms & Conditions.