Corporate
Loan
For well-established companies — augment working capital or finance capital expenditure, with competitive pricing and a repayment plan structured around your cash flow.
Lending is subject to approval. Fees and charges are reviewed annually. Ts&Cs apply.
Key Features & Benefits
- Maximum tenure is 48 months.
- Base lending rate is 13.9%. Centenary Bank Limited’ maximum lending rate is 25.5%. The interest rate is however, subject to variation at the bank's options and shall be influenced by the economic situation prevailing in Malawi from time to time.
- Amount can be above MWK100,000,000 and loan can be customised to accomodate all types of industrial sectors.
Transparent pricing
Rates & Charges
| Detail | Information |
|---|---|
| Loan Amount | Above K100,000,000 (based on capacity; max 60% of collateral valuation) |
| Term | 12 months |
| Interest Rate | Base (25.10%) + 14.90% (up to a maximum of 40.00%) |
| Insurance | Credit Life mandatory (0.18% of loan); collateral 0.1748% dwelling / 0.3204% commercial |
Requirements
- Applicants are required to have a Centenary Bank account for at least 3 months
- Collateralized by property with title documentation
- Insurance on collateral
Required Documents
- Completed Credit Information Request Form
- Board Resolution
- Latest Management Accounts
- Audited Financial Statements
- Projected Cash Flows
- Debtors Age Analysis
Locate a Branch
Find your preferred Branch easily. Just enter your location and we will show you the nearest outlet!
Plan your repayments
Loan Calculator
Min 100,000,000 · Max 2,000,000,000
Indicative; the actual rate depends on your credit assessment.
Min 12 mo · Max 12 mo
Total Payment
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- Total Interest Payable
- 14,053,044
- Monthly Installment
- 9,504,420
- Term
- 12 months
Illustration only. Actual repayments depend on credit assessment, fees, and prevailing rates. Subject to Centenary Bank Terms & Conditions.