Group
Loan
This is a short term micro credit loan where small groups borrow collectively without collateral and group members encourage one another to repay.
Key Features & Benefits
- The loan is supported by a Group Mutual Guarantee (GMG), Loan Security Savings (LSS) and a Letter from the Chief.
- Mandatory credit life insurance.
- Maximum tenor is 12 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.
- Enjoy a business boost with a generous maximum loan amount that can go up to MK100,000,000.
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
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Min 500,000 · Max 250,000,000
%
Indicative; the actual rate depends on your credit assessment.
Term used in calculation: 12 months
Total Payment
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- Total Interest Payable
- 702,652
- Monthly Installment
- 475,221
- Term
- 12 months
Illustration only. Actual repayments depend on credit assessment, fees, and prevailing rates. Subject to Centenary Bank Terms & Conditions.