National Bank of Malawi

Operating Hours: Mon - Fri: 8:00-15:00 | Sat: 8:30 - 11:00

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SME Facilities

Purpose
To assist qualifying Small and Medium Enterprises (SME’s) with working capital, capex finance, short term loans, letters of credit, guarantees and bonds.
Target Market
Sole proprietorships and limited companies that have sales turnover of up to K 100, 000,000 running or intend to run any business which is not on the Banks negative list.

Facilities Offered

Finance Lease

National Bank of Malawi through Vehicle and Asset Finance Section buys the asset chosen by a customer, and allows the customer to possess and use the asset in return for specific rental payments over a specific period.

Sale & Lease Back

National Bank of Malawi buys back assets at an agreed price and leases them back to the original owner. This facility is ideal for converting capital assets into working capital when expanding your business.

Term Loans

This is used as an alternative to a Sale and Lease Back where monies are advanced with security taken over a property by a way of legal mortgage or over assets by a way of a Bill of Sale.

Revolving Credit Facility

Corporate clients can apply for revolving credit facility, which once in place can be used to acquire assets on presentation of invoice. The facility is subject to annual review.

Car ownership Scheme

We have developed an innovative car ownership scheme for those companies wishing to provide their eligible employees with finance to buy vehicles. Corporates only need to undertake monthly repayments to us.

Operating Lease

  • In an operating lease the bank purchases the asset and makes a return or profit by renting it out to different users (Customers). The Customer pays a rental to the Bank (Lessor, owner of the asset) for the hire and use of the asset and never owns the asset outright.
  • An operating lease is therefore an off balance sheet finance for the Customer (Lessee.)

Terms and Conditions

What can my business lease?

Any asset of durable and identifiable nature. This includes equipment, plant, machinery, commercial vehicles, tractors, business cars, generators, computers, etc.

Can my business qualify for leasing?

If your business is properly established and registered (sole traders, professional partnerships and companies), you can qualify for asset finance provided your business can demonstrate the ability to generate cash to meet rental payments.

How will my Business benefit from National Bank Asset Finance Section?

National Bank of Malawi is the biggest bank and has the capacity to provide finance for all capital assets requirements.

Our professional leasing team with unrivalled experience have a better understanding of Malawian business environment in assessing requirements of applicants.

Vehicle and Asset Finance Section is easy to contact through any National Bank of Malawi Service Centres which are available all over Malawi.

Repayments are flexible and are tailored to suit the cash flow pattern of your business. It could be monthly, quarterly or on a seasonal basis over an agreed time frame.

Leasing enables your company to employ conserved working capital profitably.

Normally, no other collateral other than the asset that is financed constitutes security

Quick decision making to meet expectations.

SME Facilities

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