SAVINGS ACCOUNTS AND SERVICES
| FLEX ACCOUNT (ZMW) | FINCA SAVER (ZMW) | CORPORATE ACCOUNT (ZMW) | |
|---|---|---|---|
| INTEREST | |||
| Interest on Savings | N/A | 10% | N/A |
| ACCOUNT BALANCES | |||
| Minimum Balance | 0 | 0 | 300.00 |
| Minimum Deposit at Account Opening | 0 | 0 | 300.00 |
| SERVICE FEES | |||
| Monthly maintenance fee | 12.00 | 0 | 50.00 |
| Internal Funds Transfer | 0 | 0 | 0 |
| Dormant Account Reactivation | 0 | 0 | 0 |
| Standing Instruction- set up fee | 0 | 0 | 0 |
| Standing Instruction-transaction fee | 0 | 0 | 0 |
| Standing instruction-Failure | 4 | 4 | 4 |
| Salary Processing-per transaction | N/A | N/A | 3.00 |
| Interim and Historical Bank Statements | 15.00 | 15.00 | 15.00 |
| Cheque Processing | 10.00 | N/A | 10.00 |
| Over the Counter Withdraw Charge- for withdraw amounts less than 5,000 | 0 | 0 | 0 |
| Withdraw at FINCA Express Agent | 5.00 | 5.00 | N/A |
| Balance Enquiry at FINCA Express Agent | 0 | 0 | N/A |
| Mini Statement at FINCA Express Agent | 0 | 0 | N/A |
| INTER-BANK TRANSFER | |||
| <50,000 | 25.00 | 25.00 | 25.00 |
| >50,001 | 50.00 | 50.00 | 50.00 |
FIXED TERM DEPOSITS
| Amount (ZMK) | 91 Days | 182 Days | 273 Days Tenor | 364 Days and above** |
|---|---|---|---|---|
| 200 – 5,000 | 3.0% | 5.0% | 5.0% | 10.0% |
| 5001 – 10,000 | 4.0% | 5.0% | 6.0% | 10.0% |
| 10,001 – 49,999 | 5.0% | 5.0% | 7.0% | 10.0% |
| 50,000 and above | Rates based on prevailing treasury bills + margin | |||
FIXED TERM DEPOSITS
| Amount (ZMK) | 91 Days | 182 Days | 273 Days Tenor | 364 Days and above** |
|---|---|---|---|---|
| 50,000 and above | Rates based on prevailing treasury bills + margin | |||
*Interest rates indicated are per annum
*Pricing for negotiated rates subject to management approval
LOAN PRODUCTS
| SMALL ENTERPRISE LOAN (300,001-1,000,000) | INDIVIDUAL BUSINESS LOANS (5,000-300,000) | GROUP LOANS (1,000-20,000) | |
|---|---|---|---|
| Interest rate per month (Declining Interest) | 5.6% | 6.8% | 7% |
| Arrangement fee/td> | 8% | 10% | 10% |
COLLATERAL REGISTRATION FEES
| FEE DESCRIPTION | APPLICABLE FEE (ZMW) |
|---|---|
| Registration of financing statement | As per Pacra standard Charge |
| Notice of amendment of financing statement | As per Pacra standard Charge |
| Discharge of financing statement | As per Pacra standard Charge |
| Search | As per Pacra standard Charge |
| Certificate of status | As per Pacra standard Charge |
| Registration of enforcement-notice of creditors rights | As per Pacra standard Charge |
| Registration of extinguishment of security interest | As per Pacra standard Charge |
| Motor vehicle registration | As per RATSA standard Charge |