Malawi
Business loan instalment relief
If your business has been affected by the COVID-19 pandemic, we're here to help. Businesses are among those who will be hardest hit by the COVID-19 pandemic. These challenging times, we would like to reassure you that our team is dedicated to helping you and your business. We understand that the pressures of meeting both personal financial commitments while also having to pay salaries and keep up to date with business financial commitments will be tough during this crisis.
Payment Relief
We set up the Loan moratorium that offers payment relief for 6 months on business loans held with us as a preventative measure to shield you from the economic impact of the COVID-19 outbreak.
This means that your Standard Bank loan repayments will be deferred from April to September 2020 for clients who are up to date with their payments as at the end of March 2020 and are in good standing with Standard Bank.
This means that your Standard Bank loan repayments will be deferred from April to September 2020 for clients who are up to date with their payments as at the end of March 2020 and are in good standing with Standard Bank.
Eligibility
You are eligible for the instalment relief if:
- You have a Standard Bank Business Current account or Mpamba SME Account
- You have a Standard Bank business loan, business overdraft facility or Vehicle and Asset Finance loan
- Your accounts are not in arrears as at 31 March 2020
Exclusions
Customers whose payments are in arrears as at 31 March 2020 are not eligible for this offer.
How to get it
If you are a business owner and would like to get instalment relief please send an email to [email protected]. You may also call 242 to speak to a consultant.
If you are an employer and wish to request a loan holiday for employees that bank with us tell us:
- How are they impacted
- How are they planning to recover?
- List of employees banking with us
- Are the employees receiving their salaries?
Send an email to your relationship manager or call 248/242 to speak to a consultant.
-
Payment Relief
-
Eligibility
-
Exclusions
-
How to get it
We set up the Loan moratorium that offers payment relief for 6 months on business loans held with us as a preventative measure to shield you from the economic impact of the COVID-19 outbreak.
This means that your Standard Bank loan repayments will be deferred from April to September 2020 for clients who are up to date with their payments as at the end of March 2020 and are in good standing with Standard Bank.
This means that your Standard Bank loan repayments will be deferred from April to September 2020 for clients who are up to date with their payments as at the end of March 2020 and are in good standing with Standard Bank.
You are eligible for the instalment relief if:
- You have a Standard Bank Business Current account or Mpamba SME Account
- You have a Standard Bank business loan, business overdraft facility or Vehicle and Asset Finance loan
- Your accounts are not in arrears as at 31 March 2020
Customers whose payments are in arrears as at 31 March 2020 are not eligible for this offer.
If you are a business owner and would like to get instalment relief please send an email to [email protected]. You may also call 242 to speak to a consultant.
If you are an employer and wish to request a loan holiday for employees that bank with us tell us:
- How are they impacted
- How are they planning to recover?
- List of employees banking with us
- Are the employees receiving their salaries?
Send an email to your relationship manager or call 248/242 to speak to a consultant.