Diaspora Account
An account tailored for all individuals as well as clubs and societies of Malawians living or working outside the country.
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Step Up Professional
Step-Up Professional is a package designed to assist young professionals by making it easy for them to access tailor made products befitting their professional as well as lifestyle needs.
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Special Package for Accountants
Service/Product Target
Accountant Registered with ICAM:
In Stable & confirmed employment.
Those with business income and their business is registered.
Foreign Currency Denominated Account (FCDA)
Can be used to hedge against currency fluctuations
Customer can hold funds in this account and only convert when conditions are favourable.
Call Account
No bank charges
Can be used as security for borrowing.
Relatively high interest rate.
Very low risk
Once paid for each period, interest is added to the principal and earns interest in the subsequent contractual period.
Fixed Term Deposit
No bank charges
Can be used as security for borrowing.
Relatively high interest rate.
Very low risk
Once paid for each period, interest is added to the principal and earns interest in the subsequent contractual period.
Current Account
Convenient and secure cheque payments.
No service fees on personal accounts
Fiesta Save Account
No service fees.
Allows a customer to build an investment over a period of time from a monthly income
Can be used as collateral/security
Relatively high interest rate
Insurance Premium Finance
Insurance premium Finance is a specially designed facility that aims at assisting our customers with paying annual insurance premiums.
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Asset Based Financing Scheme
Repayment amount not to exceed 35% of salary/income
Customers qualify for high amounts.
Pricing is low with a minimum at RBM reference rate +6.1% pa
Personal Vehicle Loans
Max – Dependant on financial capacity of the customer
Maximum repayment period of 36 months for reconditioned and second hand, 48 months for brand new vehicles
Second hand vehicles should be less than 5 years.
Reconditioned vehicles should be less than 10years
Accessible by NBM and non NBM customers.
Premium Gold Finance
The Premium Gold Finance Scheme has been designed to assist customers in middle to junior managerial positions and owners of Small and medium Enterprises to fulfill their personal dreams and ambitions by providing them with top quality financial services in form of a gold VISA card, a gold cheque book, an overdraft facility, personal loans occasionally when justified and a designated cashier at all National Bank of Malawi service centres.
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Farm Infrastructure and Implements Loan
The Bank shall finance all eligible farmers in Malawi be it in the small- scale or Estate sub-sectors for the sole purpose of acquiring agricultural equipment and other farm implements
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Pay-Day Loan
Available in multiples of K10,000
Min – MK30,000
Max – MK1,000,000
Repayable on next pay day – within 30days.
Mortgage Finance and Home Improvement Loan
Beats inflation
Pricing is low with minimum interest rate at RBM reference rate +6.1% pa
Can be repaid before expiry at no costs
Employer Guaranteed Loans
Min – MK100,000
Max – Determined by the employer and Bank
Repayment amount not to exceed 30% of salary
Maximum repayment period of 36months
Consumer Loans
Min – MK100,000
Max – MK3,000,000, unsecured
Repayment amount not to exceed 30% of salary
Maximum repayment period of 36months
SME Facilities
To assist qualifying Small and Medium Enterprises (SME’s) with working capital, capex finance, short term loans, letters of credit, guarantees and bonds
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Currency Option
A currency option is the right (but not an obligation) to purchase or sell an agreed amount of a particular foreign currency at an agreed rate of exchange, at the expiry of, or during a specified period of time.
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Foreign Exchange Contract
A Foreign Exchange Contract is a contract between two parties whereby they commit themselves to exchange a specified amount of one currency for another at an agreed rate of exchange, settlement of which takes place on a fixed date in the future.
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Kasupe Finance Product Offering
Kasupe Finance is a package designed to assist Village Banks in accessing financial products and services from the Bank. Village Banks eligible for this offering shall be those that have operated for at least one year and keep records of their financial transactions.
read moreFarm Infrastructure and Implements Loan
The Bank shall finance all eligible farmers in Malawi be it in the small- scale or Estate sub-sectors for the sole purpose of acquiring agricultural equipment and other farm implements
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Financial Lease
A Financial Lease, one of the facilities offered by the Retail Banking Division Division is a way of financing the purchase of the capital asset(s).
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Amayi Angathe Business Savings Account
The Amayi Angathe Product and Service Offering has three main categories. These are; a Savings Account, Credit Facility and an Information Web Portal with dedicated Account Relationship Managers.
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NBM Online Payment Gateway
NBM Online Payment Gateway is an e-commerce product that allows merchants/ businesses
to accept card-not-present payments over the internet.
Visa Credit Card
This is a card issued by National Bank of Malawi to customers as a method of payment for goods and services across the globe. It has an embedded pre-approved credit.
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Visa Debit Card
This is a card issued by National Bank of Malawi that allows the holder to withdraw cash and it can also act as payment card that can be used instead of cash when making purchases.
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Mo626 Digital+
A self-service, do it yourself banking solution that enable customers to perform banking transactions from their mobile phone (Android and iPhone devices) anywhere in the world anytime 24/7.
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Contactless Card
A Contactless Card allows customers to make POS purchases and ATM withdrawals by simply holding the card in front of the payment device instead of swiping or inserting.
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Banknet360
A self-service channel for all basic account transactions
Relatively cheaper and efficient
Safe and secure through the use of User IDs, Passwords and OTPs delivered to the subscriber’s mobile phone and/or email inbox
Cardless Withdrawal
Cardless withdrawal is a service that enables users to cash out from their accounts through use of the Mo 626 Digital + app and NBM ATMs without the use of an ATM card.
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Multi-Currency Cash Passport
The Multi-Currency Cash passport is a preloaded US Dollar and Euro currency card.
A secure way to pay directly for goods and services in restaurants, hotels and shops worldwide.
BANK FROM WHEREVER YOU AREUSING Mo626 Digital+
