First National Bank Zambia Limited (FNB) has launched a new promotion dubbed the Win back your loan campaign, which is a six-month unsecured salary-backed loan promotion.
The product, according to the bank, is designed to provide the market with competitively priced credit facilities to meet their various needs.
Through this promotion, customers who apply for a personal loan with FNB Zambia during the campaign period will automatically enter a monthly draw for a chance to get back their loan amount, up to a maximum of K50,000 each, directed towards the full or part payment of their loan.
FNB Head of Retail Banking, Mwamba Musambo said: “FNB offers among the most competitive rates on car, home and personal loans in Zambia, and now we have gone one step beyond with our Win Your Loan Back campaign by offering our customers the chance to have a portion of their loan written off. This campaign illustrates FNB Zambia’s emphasis on creative and customer-focused innovation and continues our commitment to creating real and exponential help for our customers.”
Mrs. Musambo explained during a media briefing, Tuesday, that for the duration of the campaign that runs until March 2023, there will be monthly draws where any individual that takes an FNB personal loan will have a chance to win back their loan amount, up to a maximum of K50,000 each, for purposes of repaying the loan; in effect customers have a chance to have a loan that they don’t have to pay back. This is one of the ways FNB Zambia is making help a reality for our customers.
FNB Brand and Communications Manager, Karen Gombo Adams shared further that the Bank will offer personal Loans of up to K500,000 Car Loans with competitive rates, smart devices as low as K203 monthly repayments, scheme loans minimum Income K2,500 and non-Scheme Minimum Income K5,000.
She said scheme Personal loans had been reduced to as low as 20 percent from previous 27.5 per cent.
Non-Scheme Personal loans reduced to as low as 23 per cent from previous 34.5 per cent while home Loans reduced to as low as 18 per cent from previous 24 per cent and vehicle and Asset Finance reduced to as low as 18 per cent from previous 24 per cent.
