Solar Energy Loan Fund (SELF)
Borrow for a home solar solution if you have an established NBS salary account.
Ez a lehetőség jelenleg angolul érhető el.
The Solar Energy Loan Fund (SELF) finances solar solutions for your home, with a loan term of 3 to 12 months. You repay the bank through monthly salary deductions.
The loan is in US dollars and must be repaid in US dollars. If you pay in another currency, NBS converts it at its spot exchange rate on the payment date. Interest is calculated daily on the amount you still owe, so its calculation balance falls as you repay the loan.
You pay the application fee upfront. The flat establishment fee and credit protection insurance are added to the loan balance; insurance costs 2% of the loan amount and is payable on accepting the offer. NBS also charges a monthly maintenance fee to your account. The monthly repayment includes the loan principal, interest, establishment fee and loan protection insurance.
Repayments begin on the first day of the month after NBS first pays out the loan. Payments first cover overdue interest, charges and interest; only the remainder reduces the amount borrowed.
Moving your salary account away from NBS or missing a payment makes the entire outstanding loan immediately repayable. NBS also reserves the right to demand immediate repayment at any time. It may use money in your other NBS accounts or deposits to meet your debt, and you authorise recovery from terminal employment benefits or other money due to you.
Rates, fees and charges may change. The agreement provides for notice within 30 days through newspaper publication, NBS branches in Zimbabwe or account statements, with confirmation within 14 days of the change.
Eligibility
- Your salary account must have been current with NBS for at least the past three months. Keep that account with NBS throughout the loan.
- Your salary must be paid into your NBS transactional account. Before NBS pays out the loan, sign the facility letter and a written undertaking to keep your salary with NBS; the Salary Services Bureau must confirm monthly deductions and payment to NBS.
- The loan requires NBS approval under its qualifying criteria. If you change employer, you must instruct the new employer to deduct repayments and send them to NBS.
How to apply
- Állapot
- Folyamatosan nyitva
- Az adott pályázati kör feltételei
- New borrowers must have had a current NBS salary account for at least three months.[^c3]
Apply through an NBS branch. Download and complete the SELF loan application form and use the linked branch finder. The form has a New application option for qualifying borrowers applying for a first loan.
Provide your national identity document, proof of residence and income, three months of bank statements, and statements for all current borrowings and loans.
If NBS makes an offer, accept within 14 days of its date unless the bank extends that period in writing. The agreement states that the facility does not create a legal obligation for NBS to lend.