Zayela Business Loan

The Zayela Business Loan is a credit facility specifically designed for Small and Medium Enterprises . The name "Zayela" reflects the Bank's promise of business growth and success for borrowers. This loan targets registered SMEs that have business plans and a fixed place for business operations . It is available to both working capital and asset financing needs, making it a versatile solution for growing businesses .

The maximum facility amount available under the Zayela Business Loan is MK150,000,000.00 . This substantial limit allows SMEs to access significant capital for expansion, equipment purchases, inventory, or other business needs. NBS Bank has demonstrated strong commitment to SME financing, having disbursed over K40 billion in guarantees and loans to SMEs in a single year

The Zayela Business Loan offers a highly competitive, subsidized interest rate of 9 percent . This rate is significantly lower than standard commercial loan rates and is designed to address the perception among SMEs that bank loans have high interest charges . The subsidized rate makes formal financing more accessible to small business owners who might otherwise struggle to afford traditional credit products.

The processing fee for the Zayela Business Loan is 2 percent of the loan amount, with a minimum fee of MK50,000.00 . For example, if you borrow MK1,000,000, the processing fee would be MK20,000. If you borrow MK2,000,000, the fee would be MK40,000, but the minimum fee of MK50,000 applies to smaller loan amounts. For current information on other applicable fees such as insurance and Credit Reference Bureau charges, customers are advised to contact NBS Bank directly or visit any NBS Bank Service Centre.

To qualify for the Zayela Business Loan, several requirements must be met . Your NBS Bank account should be operational for at least 6 months. If you are opening a new account specifically for this loan, you must provide bank statements from your previous bank for 12 months. You will need a detailed business profile, a fixed place for business operations, and a valid National ID. Your business must be registered and you must have a business plan .

While NBS Bank is actively working to improve its SME lending processes, some customers have reported that loan approvals can take two to three months, which can be challenging for businesses needing quick capital injections . Despite processing time concerns, existing borrowers have given positive feedback. One SME customer, Sella Kafamveka, who sells clothes and accessories, reported receiving a loan without collateral and confirmed that her business is doing well as a result . Another beneficiary, Sphiwe Msiska of MCM Investments, praised NBS Bank for its guidance on registering collateral, property valuation, and accessing loan facilities .