BUSINESS CONDITIONS DECEMBER 2020

Savings

Account TypeWorking Woman Personal SavingsPensioners AccountMicro Farming Savings**Micro Enterprise Savings**SME SavingsGroup/Association/ Society**Fixed Deposit (Contractual Savings) **
Minimum Balance$100$100$100$100$1000$500$5000
Account Opening Deposit$100$100$100$100$1000$500$5000
Account Closure$100$50$100$100$1000$500$100
Account TypeWorking Woman Personal SavingsPensioners AccountMicro Farming Savings**Micro Enterprise Savings**SME SavingsGroup/Association/ Society**Fixed Deposit (Contractual Savings) **
Cash Deposit FeeNilNilNilNilNilNilNil
Cash Withdrawal Fees2.5% Min $252.5% Min $102.5% Min $102.5% Min $102.5% Min $102.5% Min $10Free
Statement Request-Branch$20 per page$10 per page$10 per page$10 per page$10 per page$10 per pageFree
RTGS1.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5001.5% Min $50/Max $5000
Internal Transfer1% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $1001% Min $25 Max $100
Credit Interest2% per annum2% per annum2% per annum2% per annum2% per annum2% per annum2% per annum
Balance Enquiry$10$10$10$10$10$10$10
Withholding Tax on Credit Interest15%15%15%15%15%15%15%
Monthly Service Fess$30$30$30$30$100$50Nil

Loans

Loan TypeAmount TenureInterest RateAdministration FeesInsuranceSavings Requirement (negotiable**)
Microleasing/Asset Finance**Minimum-$1,000 Maximum-$1,000,0001-36 months6% per month flat rate6% up-front once off 10-30% of loan amount requested
Joint Liability Group 1**Minimum-$500 Maximum-$50,000  1 - 9 months 6% per month flat rate6% up-front once off1%10% of loan amount required**
Joint Liability Group 2Minimum-$50,001 Maximum- $500,000  1 - 9 months 10% per month flat rate7.5% up-front once off1%10% of loan amount required**
Micro Farming Loan 1**Minimum-$500 Maximum-$50,000  1 – 9 months 6% per month flat rate6% up-front once off1%10% of loan amount required**
Micro Farming Loan 2Minimum-$50,001 Maximum- $200,000  1 - 9 months 10% per month flat rate7.5% up-front once off1%10% of loan amount required**
Micro Enterprise Loan 1**Minimum-$1,000 Maximum-$50,000  1 - 9 months 6% per month flat rate6% up-front once off1%10% of loan amount required**
Micro Enterprise Loan 2Minimum-$50,001 Maximum- $2,000,0001 - 9 months 10% per month flat rate7.5% up-front once off1%10% of loan amount required**
SME LoanMinimum-$1,000 Maximum-$2,00 0,0001- 9 months10% per month flat rate7.5% up-front once off1%10% of loan amount required*
Corporate Lending (Salary-Based Loans for Staff of Private Companies)Minimum-$1,000 Maximum-$250,0001-12 months7.5% per month flat rate7.5% up-front once off1%Nil
Civil Servants LoanMinimum-$1,000 Maximum-$250,0001- 24 months7.5% per month flat rate7.5% up-front once off1%Nil
Pensioners LoanMinimum$1,000 Maximum$250,0001 - 24 months7.5% per month flat rate7.5% up-front once off1%Nil
Consumer LoanMinimum-$1,000 Maximum-$250,0009 months10% per month flat rate7.5% up-front once off1%Nil