Zimbabwe: CBZ Bank launches payday loans
CBZ Bank introduced an instant loan facility called payday loan. The facility is open to CBZ customers and is disbursed within 24 hours. CBZ Bank introduced the product after realizing that customers need bridge financing to cover immediate financial emergencies.
There are many reasons for getting a payday loan, such as an unexpected hospital bill or needed car repair. The bank makes sure that these loans are processed instantly to minimize the inconvenience.
The loan amount that clients can claim is up to 50% of take-home pay. The facility is available to individual CBZ clients and non-CBZ clients are required to transfer their wages to CBZ in order to qualify for the loan. The product is accessible to public servants, uniformed forces and those in the private sector. The loan is repaid within 30 days at an affordable interest rate.
CBZ Bank remains committed to providing its valued customers with products tailored to their needs and the introduction of this product is clear testimony to this. There is no need to get help from unregistered lenders at exorbitant rates when CBZ got this instant loan.
The Bank also offers a number of personal loan facilities as needed and their repayment term can be up to 36 months. These loans are quite substantial and can be used to finance long term financial needs.
Need new uniforms, we’ve got you covered
Need help paying that hospital bill; We have what you need
Need extra cash for groceries, we’ve got you covered
Need to repair this electrical fault, we have what you need …