Chuma Changa Credit Limited QUESTIONS AND ANSWERS
WHO CAN ACCESS A LOAN AT Chuma Changa Credit Limited?
Anyone can have access to Chuma Changa Credit Limited loans. If you are a market vendor, business person, domestic worker, or employee at some company, you can have access to a Chuma Changa Credit loan.
HOW MUCH DO I HAVE TO PAY BACK?
The amount you pay back depends on the loan amount. We offer competitive rates.
HOW LONG DOES IT TAKE TO GET A LOAN FROM Chuma Changa Credit Limited?
For individual loans, it takes 24hrs after submitting the loan application form. For group loans, especially for market vendors in new markets, it takes 3 working days.
WHAT IS THE MAXIMUM AMOUNT A PERSON CAN BORROW?
The maximum amount that a person can borrow is MK300,000.00. However, special arrangement is made for regular clients who can borrow a maximum of MK500,000.00.
How many times can i take a loan?
You can take a loan as many times as you want, if you pay your instalments on time and comply with our terms and conditions.
WHAT LOAN PRODUCTS DOES Chuma Changa Credit Limited OFFER?
Chuma Changa Credit Limited has 5 loan products be it an individual or group level, and these include; silver loan products, gold loan products, and platinum loan products. The amounts under each product are as follows;
WHAT IS THE PAYMENT PLAN FOR Chuma Changa Credit Limited LOANS?
Chuma Changa Credit Limited has three payment plans to suit your needs and depends on the loan product. You can choose to pay weekly, bi-weekly or monthly installments for a period of two months.
IS COLLATERAL NEEDED TO GET A LOAN FROM Chuma Changa Credit Limited?
Yes, collateral is needed to get a loan at Chuma Changa Credit Limited, and this depends on the loan product and amount. It can range from personal property to other assets. For market vendors, a recommendation from the market chair is required, whereas employees require a letter of recommendation from their employers.
DO YOU FINANCE STARTUP BUSINESSES?
Currently we do not give out loans to start-up business owners. If you are a market vendor or business owner, you must have operated your business for over six months above.
Contact Us
Phone
+265 88 664 8313 /+265 99 714 1994
info@chumachanga.com
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Let us know how we can assist you
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