Personal Banking › Loans
Kachangu Kenanso Personal Loan (Top Up)
A top-up loan provided on top of an existing loan to NBS salaried customers. Unsecured with insurance life cover in case of death or permanent disability.
Benefits
Quick & Easy Solution
Offers customers quick and easy solution to an urgent financial need.
Unsecured
No security or collateral is required.
Fast & Convenient
Apply online in the comfort of your home or office.
Instant Approval
Instant approval and disbursement of funds.
Extended Tenure
Extension of tenure up to 60 months.
Available 24/7
Access the loan application at any time, day or night.
Loan Details
Minimum
MWK 100,000
Maximum
MWK 15,000,000
HNI Maximum
MWK 45,000,000
Loan Term
60 Months
Instalment-to-income ratio of 50% applies.
Charges
Processing Fee
2%
CRB Fee
As applicable
Retrenchment Cover
0.2%
Life Cover
1.74%
Loan Requirements
- Salary account with the bank
- Clean CRB report
- Record of 3 salary transactions in the system
- National ID
- Salary being processed by the bank / salary file upload by the bank
Target Customers
- Salaried customers whose schemes are available on Employers Portal
Complaints Handling
- Call Centre — 322
- Walk-in Branch
- Emails
Kachangu Kenaso Personal Loan FAQs
Everything you need to know about the Kachangu Kenanso Personal Loan (Top Up), including fees, limits, and the application process.
In addition to the stated interest rate, several fees apply. You will be charged a processing fee of 2% of the loan amount. Mandatory insurance covers include a Life Cover fee of 1.74% and a Retrenchment Cover fee of 0.2%. A Credit Reference Bureau (CRB) fee is also applicable .
"Kenanso" is the Chichewa word for "again" or "another one." True to its name, this loan is specifically designed as a top-up facility for existing NBS Bank loan customers, allowing you to access additional funds while still repaying your current loan .
The standard loan limit ranges from a minimum of MK100,000 to a maximum of MK15,000,000. However, if you qualify as a High-Net-Worth Individual (HNI), you may be eligible for a higher limit of up to MK45,000,000 .
Your loan eligibility is determined by your Income-to-Interest (ITI) ratio. The bank uses an ITI of 50%, meaning your total monthly loan repayments (including this top-up) cannot exceed half of your gross monthly salary .
The Kachangu Kenanso Personal Loan offers extended repayment terms for flexibility. You can benefit from a long tenure of up to 60 months (5 years) to repay the top-up facility .
You can apply conveniently online through NBS Bank's digital platforms. The product is designed for speed, featuring instant approval and disbursement of funds once your application is successfully processed .
Still have questions?
Can't find the answer you're looking for? Please chat to our friendly team.
Get in touchUnlock More Value
Experience Banking That Works for You
Open your NBS account and enjoy personalized financial solutions, including access to quick loans.