Customer Overdraft
Who it's for: Individuals needing quick cash for emergencies or short-term expenses
Key Features
- Instant access via mobile money platforms
- Flexible repayment options
- No collateral required
- Apply anytime, anywhere
At a Glance
- Amount: K[10,000] - K[100,000]
- Repayment: [1–6] months
- Requirements: Valid ID, active mobile money account
- Interest: Competitive rates from [X%]
Merchant Overdraft
Who it's for: Small merchants accepting digital payments who need cash flow support
Key Features
- Access funds before payment settlements
- Keep inventory stocked
- Integrated with major payment service providers
- Automatic repayment options
At a Glance
- Amount: K[25,000] - K[250,000]
- Repayment: Flexible based on sales volume
- Requirements: Merchant account, transaction history
- Processing: Same-day approval
Agent Overdraft
Who it's for: Mobile money agents who need to maintain adequate float
Key Features
- Prevent costly float shortages
- Instant digital disbursement
- Repayment linked to transaction volumes
- Keep your agency running 24/7
At a Glance
- Amount: K[50,000] - K[500,000]
- Repayment: Based on agent commissions
- Requirements: Active agent status, performance history
- Access: Available 24/7
Who can apply for personal overdrafts?
Malawian citizens aged 18 and above with a valid national ID and an active mobile money account. Each overdraft type has specific additional requirements.
What documents do I need to apply?
- Valid Malawian national ID
- Active mobile money account
- Proof of income (salary slip, business receipts, or agent statements)
- For merchants: Payment service provider account history
- For agents: Mobile money agent registration and transaction history
How long does approval take?
Most personal applications are reviewed within 2-4 hours during business hours. You'll receive an SMS update on your application status.
Can I apply if I already have a loan elsewhere?
Yes, we evaluate each application individually. Having other loans doesn't
automatically disqualify you, but it's considered in our assessment.
What if my application is declined?
We'll explain why and suggest steps you can take to improve your eligibility for future applications.
Do I need collateral for personal overdrafts?
No collateral is required for any of our personal overdraft products. They're unsecured facilities based on your income and transaction history
How do I receive the money?
Approved funds are sent directly to your mobile money account instantly after you
accept the loan terms
What are my repayment options?
Can I repay early without penalties?
Yes! Early repayment is encouraged and may reduce your total interest charges.
What happens if I miss a payment?
What are your interest rates?
How can I check my loan balance?
Can I increase my overdraft limit?
After successfully managing your account for [X months], you may be eligible for a
limit increase.