Business Loan
Special loan products designed exclusively for business-related purpose
Business LOAN
Aptl Microcredit ltd partners with micro and small size entrepreneurs who need fast and efficient credit facilities. This is loan is specifically designed to provide working capital or to finance inventory or any business-related purpose.
Loan amounts upto MWK 20,000,000. Interest rate 6% per month calculated on a reducing balance method. And other fees may apply.
The repayment term is 3 to 12 months.
Loan Qualification
- Individuals or companies with active businesses or reliable source of income
- Applicant must be 18 years and above.
- At least 6 months experience in the same business
- Possession of a business license or registration certificate
- Two guarantors
- Possession of an acceptable form of security
- Bank statements for at least 3 months.
Benefits of Business loan
- Flexible and affordable collateral requirements.
- Faster loan processing time.
- Comes with Insurance cover.
- National IDs
- You can pay easily using M0626, internet banking, Mpamba, Airtel services etc
Frequently Asked Questions
How long does approval take?
Approval typically takes 2-3 working days once all documents are submitted.