GOVERNMENT OF MALAWI EMPLOYEES (GOM)
INDIVIDUAL LOAN
TARGET MARKET
- Government of Malawi salaried employees for consumer purposes. Repayment is directly from the source.
OBJECTIVES
- Improve economic status of civil servants.
CUSTOMER BENEFITS
- There is no restriction for loan purpose requirements not restrictive.
- Processing period is very short,
REQUIREMENTS
- National ID.
- GoM Employment number.
- Pay slip for most recent month (this is not a show stopper).
THRESHOLD
- Mwk 500,000.00 to Mwk 15,000,000.00 depending on applicants repayment capacity.
TENURE
- 6 months to 60 months.
- No grace period is applicable
RATES/TARIFFS
- Interest rate – 3.0%.
- Processing fee – 5.0%.
- Insurance – 1.0%.
COLLATERAL REQUIREMENTS
- Unformalised Government Guarantee.
OPENING HOURS
MONDAY – FRIDAY
7:30 AM – 4:30 PM
CONTACT US
NATIONAL ECONOMIC EMPOWERMENT FUND
P.O BOX 779, LILONGWE
PHONE # : +265 999 941 333 | +265 999 938 333
EMAIL: info@neef.mw