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Standard Chartered Bank Champions Access to Affordable Financing

Standard Chartered Bank has demonstrated its unwavering commitment to empowering individuals with access to cheap and affordable funding through its notable loan offerings. The Bank has successfully disbursed close to 2,000 loans valued at over ZMW 300 million since the launch of the Personal Loan campaign in October 2023.

Head of Consumer Business and Private Banking (CPBB), Mwansa Kapeya, said that the Bank was positively heeding to the call for financial institutions to provide affordable financing.

As a bank we are remain committed to fulfilling the need for affordable and accessible financing as evidenced by the number of loans disbursements that we have made in the last 3 and half months” Mr Kapeya said.

Mr. Kapeya reiterated Standard Chartered Bank’s steadfast commitment to continued innovation, and to introducing new products and services that align with the evolving needs of the Zambian populace. He reaffirmed the Bank’s dedication to driving positive change and fostering economic growth through accessible and beneficial financial solutions.

He highlighted the bank’s distinction of offering the longest loan tenure in the country and highest maximum amount.  “With an extended 72-month repayment period on our Personal Loans, we are providing our clients with substantial flexibility in managing their financial commitments. Our maximum loan amount of ZMW600,000 further enables our clients to pursue diverse opportunities and endeavours,” Mr Kapeya noted.

Mr Kapeya added, “We are dedicated to being a financial partner that truly supports the ambitions of our clients. By refreshing our Personal Loan offering, combined with the Personal Loan campaign, we aim to empower our clients to achieve their dreams and aspirations. Together, we can accomplish extraordinary things.”

Standard Chartered Bank launched the Personal Loan Campaign in October last year. With the grand prize being the dazzling 2023 Ford Ranger Wild Trak. In addition to the Ford Ranger Wildtrak, clients also stand a chance to win over 1,000 Samsung A1 smartphones during the campaign which ends on 31st March 2024.

Source: Standard Chartered Bank Zambia

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