Zimbabwe: CBZ Bank launches payday loans

CBZ Bank has introduced an instant loan facility called payday loan. The facility is open to CBZ clients and is disbursed within 24 hours. CBZ Bank launched the product after realizing that customers needed bridge financing to cover immediate financial emergencies.

There are many reasons to get a payday loan, like an unexpected hospital bill or a needed car repair. The Bank ensures that these loans are processed instantly to minimize inconvenience.

The loan amount that clients can avail is up to 50% of net salary. The facility is available to individual CBZ clients and non-CBZ clients are required to transfer their wages to CBZ to be eligible for the loan. The product is available 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 a clear testament to that. There is no need to get help from unregistered lenders at exorbitant rates when CBZ secured this instant loan.

The Bank also offers a number of personal loan facilities as needed and they have a repayment period of up to 36 months. These loans are quite large 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…

About Judith J. George

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