Personal Banking › Loans
Kachangu Payday Loan
An advance given to salaried employees to be repaid on the next salary date. Acquired online through NBS Bank digital platforms with zero interest and fast processing.
Benefits
Easy & Convenient
Apply in the comfort of your own home, office, or anywhere.
Available 24/7
Access the loan application at any time, day or night.
Zero Paperwork
Fully digital process with no physical documents required.
Instant Disbursement
Funds are disbursed instantly upon approval.
Minimum Processing Time
Get your loan processed in less than 10 minutes.
Loan Details
Minimum
MWK 30,000
Maximum
MWK 3,000,000
Interest Rate
0%
Repayment Period
Next Salary
Loan limit based on 40% of net income pay.
Charges
Commission
5% (minimum charge applies)
Interest Rate
Zero
Loan Requirements
- Salary account with the bank
- Clean CRB report
- Record of 3 salary transactions in the system
- National ID
- Salary being processed by NBS Bank
Target Customers
- Salaried customers whose schemes are available on Employers Portal
Complaints Handling
- Call Centre — 322
- Walk-in Branch
- Emails
Got Questions About Kachangu Payday Loan?
Everything you need to know about applying for, funding, and managing your Kachangu Payday Loan.
While the loan features a 0% interest rate, a processing fee applies. The fee structure is tiered: for loans under MK100,000, a fee of MK7,000 is charged. For loans of MK100,000 and above, the fee is 4% of the loan amount, with a minimum charge of MK12,000
To encourage responsible borrowing, the Kachangu Payday Loan has a usage limit. Customers can access this loan facility a maximum of nine (9) times within a single year
Yes, in addition to having a salary account with NBS Bank and a clean Credit Reference Bureau (CRB) report, your account must have been operational for at least 6 months to be eligible for the Kachangu Payday Loan
The process is fully digital and designed for speed. Once you complete your application through the NBS digital platforms (like the EazyApp or the instant loan link), funds are typically credited to your account in less than 10 minutes
Yes, but your borrowing limit will be based on your disposable net monthly salary. This means the loan amount you qualify for will be calculated after deducting all existing monthly loan commitments you currently have with the bank
To qualify for this loan, your salary must be processed by NBS Bank. The bank relies on having a record of at least 3 salary transactions in your account to verify your income stability, so a change in salary processing could affect your eligibility
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