Standard Bank Malawi brings ‘start a-fresh’ loans to grow customers

With only two months to go before year ends, Standard Bank is re-opening a fresh window to allow customers get additional to enable customers’ growth through farming, home repairs, and festive season holidays.

Dr Magret Kubwalo Chaika: Start-a-fresh with Standard Bank

Dubbed “Start a Fresh”, the offer is with immediate effect and valid until January 31, 2018.

Head of Personal & Business Banking (PBB) Dr Margaret Kubwalo-Chaika said the ‘Start Afresh’ loan offer is open to customers who have existing loans, but would like to top-up as soon as possible.

“The loan aims to provide a cushion to our Personal customers during this loan period when additional responsibilities and obligations set in, but cash flows are low,” she said.

Chaika said it is during this time of the year that we need extra money for farming, household maintenance, school fees and festive season family vacation.

“Thus this loan facility provides the much-needed relief from the shock of these demands. Our goal is to ease the pressure and psychological burden that these obligations may create and move our customers comfortably forward,” she said. In addition to this loans offered under this campaign require no collateral as security, she noted, “customers require only evidence of a salaried account to access a loan from MK4.5 million up to MK15 million”.

The PBB Head said the bank’s loans are available within the shortest time possible from application, and customers will be able to monitor their accounts in real time using the bank’s digital platforms.

Eligible customers should have an existing performing loan for at least 6 monthsand should not have been in arrears or in default at a particular point. In return Standard Bank promises to process the loan within the shortest possible time.

The loan has a minimum of three month re-payments for Private and Executive Banking and six months for other accounts.

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tondo
Guest

Blue lie!!! Just a way of stealing peoples money. If a single loan is being deducted thrice what more with that 6 month gimmick.

Maps
Guest

U mean 4.5 million should be repaid in 6 months?

White collar scam
Guest

Interest rate is not mentioned anywhere ……… And you seriously believe that people will pay neck in 6 months????

Nope
Guest

Not with Standard Bank! Thanks, but no thanks, you have a lot of PR to do before any reasonable person falls for this trap!

Nyasaland
Guest

Improve customer service first,!!!! Then tell us what the interest rate is then may ba we can talk

fatuma
Guest

I just dont like the way they close accounts. I opened an account in january then i was away for 3 months . Upon coming back home, i found my account closed. Kuwafunsa akuti it stayed long without depositing. EEE it surprised me. There was money but not much.

Lt. Fraser Chakhaza
Guest
I totally agree with observation by Panganani. This is just a facade of the banking system. Who doesn’t know that this period of the year people need extra cash for farming activities, school fees and festive season. In fact serious minded individuals planned way back in July when schools closed for long summer holiday and also for farming period (early preparation) of gardens. One doesn’t have to wait for Standard Bank and month of October to do maintenance work and plan for festive period. Not all Malawians celebrate Christmas, Boxing Day or New Year because all these are pagan holidays… Read more »
chodziwadziwa Mjojo
Guest

Ma PhD apa MIM…nawoso atolapo yawo….kkkkk this world

Panganani
Guest
The move to “Start A Fresh” sounds convincing and yet faulty. First, Standardbank, has awful customer service. Probably one of the worst in the country-the reason why I closed my account six months ago. The Head of Personal and Business Banking is busy employing her friends and cannot sanction bad behavior and worst customer service in a cabal of friends. The idea to dupe customers under the guise of improving profits owing to bad customer base is basically a bribe. ACB need to be involved or informed about ziphuphu zimenezi. The nepotism Dr Chaika has practiced in an international bank… Read more »
chimbano
Guest

The guys are crooks.

wakikiki
Guest

how i wish i should meet you Dr Magret kubwalo my no is 0999105784

wpDiscuz

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