This is a personal loan with a minimum loan amount of ZMW5,000 and a maximum of ZMW50,000. The loan is repayable over
a maximum period of 60 months. Interest and the principal amount are required to be serviced monthly linked to salary payment date of the borrower. The rate of interest is 5% amortised over the term of the loan. In order to access this facility, the applicant must be a Public service employee who has served a minimum of 2 years and must have a take-home pay of not less than 40% of basic salary. The employer through (PMEC) facilitates repayment of the loan by simply deducting the loan repayment amount directly from the employee’s monthly salary and remitting it to the Bank.