Cinque Terre

Tsinde Income Based Solutions

‘Tsinde” is the trunk of a tree and reflects the fact that the roots have already been nourished but the stem of their financial future is being strengthened. These are income based loans aimed at clients who are employed but also have a business.

This loan is based on the cash inflows evident through the bank statements and allows clients to be able to access more than they would have been able to ordinarily.

1 Month Term

From50,000 MWK
  • Processing Fee = 18.0%
  • Interest Rate = 0
  • Insurance = 0
  • Admin Fee = 0
  • Max Loan Amount K2,000,000.00
Calculate Repayment

2 Month Term

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

4 Month Term

From300,000 MWK
  • Processing Fee = 8.0%
  • Interest Rate 6.0%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

5 Month Term

From500,000 MWK
  • Processing Fee = 8.0%
  • Interest Rate 6.0%
  • Insurance 0.8%
  • Admin Fee 3.0%
  • Max Loan Amount K2,000,000.00
Calculate Repayment

6 Month Term

From500,000 MWK
  • Processing Fee = 8.0%
  • Interest Rate 6.0%
  • 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 60% of your average monthly income.

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 2 ways:

i. Through postdated cheques.

ii. Through a bank standing order.

Features

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

Benefits

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

Requirements

  • 8 years or older
  • National ID copy (front & back);
  • Letter of undertaking;
  • 2 recent months pay slips;
  • 3 recent months’ bank statement;
  • Utility Bill; and
  • Proof of business.

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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