Zimbabwe: CBZ Bank introduces payday loans


CBZ Bank has introduced an instant credit facility called Payday Loans. The facility is open to CBZ customers and is paid out within 24 hours. CBZ Bank launched the product after realizing that customers needed bridging funding to cover immediate financial emergencies.

There are many reasons for getting a payday loan such as an unexpected hospital bill or a necessary car repair. The bank ensures that these loans are processed promptly to minimize any inconvenience.

The loan amount that customers can qualify for is up to 50% of the net salary. The facility is available to individual CBZ customers and non-CBZ customers must transfer their salaries to CBZ in order to qualify for the loan. The product can be accessed by civil servants, uniformed forced laborers and people in the private sector. The loan is repaid within 30 days at an affordable interest rate.

CBZ Bank continues to strive to provide its valued customers with products that are relevant to their needs and the launch of this product is a clear testimony to that. There is no need to seek help from unregistered moneylenders at exorbitant rates once CBZ has obtained this instant loan.

In addition, the bank offers a range of personal loans with terms of up to 36 months, depending on your needs. These loans are quite extensive and can be used to fund long term financial needs

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