Cinque Terre

Mizu Employee Solutions

‘Mizu’ are the roots of a tree and provide support and nutrition to aid its growth. Each one of us wants to stand tall and by taking steps to nourish our roots, we are setting ourselves up for growth.

This is why we provide this short term credit solution for salaried employees that gives them the opportunity to access anywhere from K50,000 to K2,000,000. Clients have the opportunity to repay this amount over any period of their choice between 1 and 6 months.

1 Month Term

From50,000 MWK
  • Processing Fee = 6.0%
  • Interest Rate 4.5%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

2 Month Term

From50,000 MWK
  • Processing Fee = 6.0%
  • Interest Rate 4.5%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

3 Month Term

From50,000 MWK
  • Processing Fee = 6.0%
  • Interest Rate 4.5%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

4 Month Term

From300,000 MWK
  • Processing Fee = 6.0%
  • Interest Rate 4.5%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

5 Month Term

From500,000 MWK
  • Processing Fee = 6.0%
  • Interest Rate 4.5%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

6 Month Term

From500,000 MWK
  • Processing Fee = 6.0%
  • Interest Rate 4.5%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

Enter your desired amount and desired repayment period in the loan calculator. Make sure that the monthly repayments do not exceed 50% of your net salary.

It takes only 15 working hours for your loan to be assessed and funds to be released to you.

The funds are sent to your bank account upon approval.

There are 3 ways:

i. Employer deducts when sending you your salary and
sends directly to us.

ii. Through postdated cheques.

iii. Through a bank standing order.

Features

  • Assessment within 15 working hours
  • Up to 6 months repayment. With rates as on the table above

Benefits

  • Flexible repayment terms
  • Low interest rate
  • Flexible amount based on income

Requirements

  • National ID copy (front & back);
  • Letter of undertaking (Deduction at Source or Deduction from Bank);
  • 2 recent months pay slips;
  • 3 months’ bank statements (when the deduction is through the bank); and
  • Utility bill of residential address.

Address

Old Air Malawi Buildings P.O. Box 805 Blantyre

Contact Us

+265 999 222 725, +265 1 828 108 / 109 loans@sycamorecredit.com

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