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Requirements for applying for a CBZ salary based loan
- A passport size photo
- A confirmation letter of employment
- Proof of residence that is not more than 3 months old
- 3 consecutive payslips.
The recent payslip (one-month-old payslip) should be original
- A CBZ account which has been active for 3 months
- Bank statement for 3 months
The bank statement should show that your salary has gone through a CBZ account for 3 months.
- You should be aged between 18 and 65 years
Loan conditions of CBZ’s salary based loan
- Maximum amount to borrow
You can borrow as much as 3 times more than your basic salary.
- Interest rate
Between 40% to 50%
- Maximum repayment period
The loan is repaid in monthly installments for 24 months regardless of the amount you borrow.