Stanbic Bank Zambia
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Personal Banking
Gold Account Package
Living a gold life style and looking for a financial solution to match? Choose the Stanbic Bank Zambia Gold Account Package! The Gold Account Package is available to high income earners and is designed with a range of benefits to meet the needs of individuals who are serious about success!
Key features and benefits
You have access to the services of a Personal Banker to assist you with your day-to-day banking needs as well as your business and personal financial planning
Convenient access to your account via our Private Suite, the ATM network (both locally and abroad) and via mobile or internet banking
A free Gold-embossed Visa card for use online, on Visa POS and ATMs worldwide
A Gold cheque book
Quick-approved overdraft up to your net salary
A minimum Monthly Management fee K50,000 will apply
No minimum opening balance is required
Who can apply
If you earn a gross annual income of between K17,500,000 and K35,000,000 you can apply for a Gold Account package – and take advantage of the Gold lifestyle – today!
How to apply
To apply for a Gold Account, visit the Personal Banker your nearest Stanbic Bank branch with the following documents:
Proof of residence (e.g. utility bill)
2 passport sized photos
Copy of your identity document (i.e. NRC or passport)
Recommendation letter ( e.g. from your employer or a Stanbic account holder)
Private banking solution
If you are looking to create wealth or connect your wealth to the world, our Private Banking Offering is the financial solution for you! From a full range of personal banking products to the services of a dedicated Private Banking Relationship Manager, you can rest assured that your financial requirements will be met – discretely and efficiently.
Key features and benefits
You will be issued with a Private Banking-embossed Visa Debit card and a Private Banking cheque book
Enjoy convenient access to the dedicated, one-on-one services of a Private Banking Relationship Manager in our Private Banking Suite
You have the choice of a Bundled fee or pay-as-you transact option
Access to Internet and Cellphone Banking and secure online shopping
Quick-approved overdraft of up to double your net salary
Access to offshore wealth products
Vehicle and Asset Finance
Home Loans
Preferential rates
Who can apply
If you are an individual with a gross annual income of K35-million or more, and require a proactive wealth creation solution, apply for a Private Banking account today!
How to apply
To open a Private Banking account, visit the Private Banker your nearest Stanbic Bank branch with the following documents:
Proof of residence (e.g. utility bill)
2 passport sized photos
Copy of your identity document (i.e. NRC or passport)
Recommendation letter ( e.g. from your employer or a Stanbic accountholder
Silver account package
Our Silver Account package gives you the flexibility you need to enjoy a lifestyle geared towards aspiration, style and success! If you know what you want and when you want it, our Silver Account Package will meet your needs – and then some!
Key features and benefits
You will be issued with a Silver-embossed Visa Debit card for use online, at Visa POS and ATMs worldwide – and a branded Silver Cheque book
Enjoy access to useful credit facilities such as term loans
Convenient access to your account via internet banking and cell-phone banking
Exciting savings and investment products tailored to suit your needs
A range of secure insurance products designed to protect your assets
Who can apply
If you earn a gross annual income of between K5,000,000 and K17,500,000, you can apply for a Silver Account package and step into a successful financial future!
How to apply
To apply for a Silver Account, visit your nearest Stanbic Bank branch with the following documents:
Proof of residence (e.g. utility bill)
2 passport sized photos
Copy of your identity document (i.e. NRC or passport)
Recommendation letter ( e.g. from your employer or a Stanbic account holder
TransactPlus account
If you want a bank account that makes your life easier, a TransactPlus account is for you! TransactPlus is a card-based account that comes with a range of features and benefits designed to simplify your everyday banking, and is ideal if you want the flexibility of being able to save money by transacting at a lower cost than a regular current account.
Key features and benefits
A minimum deposit of K60,000 is required to open the account
TransactPlus gives you your own Visa Debit ATM card that can be used to make deposits and draw cash at ATMs countrywide – 24 hours a day – and there is NO LIMIT on the number of withdrawals you can make
You have access to savings and investment products such PureSave, ContractSave, Fixed Deposit and Bonus Investments accounts
You also have access to loan and insurance products depending on qualifying criteria
Who can apply
TransactPlus is the ideal ‘first bank account’ – especially if you have just started working and earning a salary. Giving you the convenience of electronic banking and unlimited withdrawals, TransactPlus is the hassle-free way to manage your money!
How to apply
It’s easy to open a TransactPlus account! Just visit your nearest Stanbic Bank branch to apply. You will need a minimum amount of K60,000 to open the account and you must bring the following documents with you:
Proof of residence (e.g. utility bill)
2 passport sized photos
Copy of your identity document (i.e. NRC or passport)
Recommendation letter ( e.g. from your employer or a Stanbic account holder)
Standard Bank Offshore
Private Banking clients have access to a comprehensive range of offshore products and services available through Standard Bank Offshore which is a wholly owned subsidiary of the Standard Bank Group. Standard Bank Offshore is located in three offshore centres: Jersey, Isle of Man and Mauritius, and provides a range of services for personal, professional and corporate clients.
Private Banking clients have access to the Platinum Optimum Account. This is an instant access current account in three major international currencies which carries a preferential rate of interest. This account can be linked to an international Visa Debit Card which is provided free of the annual fee together with this, full internet banking is available. In addition to this we also provide the following banking products: MoneyMarket Call Accounts, Saving Accounts and Fixed Term Deposits.
For clients who require sophisticated investment services we can meet their investment risk profile with the following options:
Structured products – continue to gain interest from investors who want peace of mind but who are also looking for market exposure. Therefore the Structured products are designed to return the initial capital invested at the end of the investment period whilst offering the potential for returns linked to market indices. This makes them very attractive to those looking for competitive returns on investment whilst still safeguarding their capital in the event of a market downturn. In recent years Standard Bank Offshore Group has won a number of industry awards for these Structured Products.
Offshore funds – we have a range of in-house offshore funds which provide geographic and asset class exposure
Asset management – a full asset management service is offered ranging from bespoke discretionary management to a client driven asset management portfolio
Fiduciary Services – With the increase of personal international footprints the use of fiduciary structures can plan an integral part in international estate planning. Through our offshore centres in Jersey, Isle of Man and Mauritius we can provide services to meet these needs.
Corporate Banking
Business current account
Our Business Current Account is easy to manage and allows you to transact in the way that is most convenient for you, from traditional branch banking to using our advanced electronic services.
Key features and benefits
Cheque counterfoils and monthly statements provide a reliable means of keeping a record of your transactions. You can request a 50 or 100 leaf cheque book.
You no longer have to carry cash and money is easily transferable between Stanbic and other bank branches
Electronic banking facilities let you to operate your accounts after hours in the comfort of your home or office
Several signatories can be appointed on your account and you may choose the details you want printed on your cheques
Overdraft facilities can be arranged
Standing / stop orders can be loaded
You earn interest on your minimum monthly balance and a small monthly service fee is applied.
You can issue stop payment instructions in case of fraud, theft or a lost cheque
The account can also be opened in foreign currency i.e. Dollar, British pound, Euro or South African Rand.
Who can apply
If you have your own small to medium business or plan to start a business of your own, Stanbic Bank’s Business current account will help you manage your financial affairs the easy way!
How to apply
A minimum balance of K 500,000 is required to open a Business Current Account.
Overdrafts
An overdraft is a fluctuating loan facility that is individually tailored to meet the needs of customers who require short term finance for working capital purposes, making it the ideal way to manage your cash flow. It is linked to your business account and you can use as much as you need, up to your limit.
Key features and benefits:
Interest is calculated on your account’s daily outstanding balance and is only charged on the portion that you use;
Interest is variable and is linked to our official base rate, meaning you get the benefit if the interest rate drops;
you don’t have to transfer funds from a separate loan or deposit account since the approved limit is loaded on to your Business current account.
The overdraft facility remains available to you even when not in use;
The cash is always available when you need it.
Who can apply
This product is available to all our Business clients with an existing Stanbic Bank transactional account
Documentation Required
Generally all loans require that you provide us with the following basic documents to enable our credit department make a sound and informed decision.
Your Business Financial Statements
Personal Statements of assets and liabilities of all the partners, members or directors.
Your sales and purchase budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of funds
Schedule of Debtors and Creditors
If you do not have a Business account with us, you must make available your bank statements for the past three months.
This list is not conclusive, and depending on the nature of the application and the business risk involved, fewer or more documents may be required. For detailed information on what documentation your particular application will require please contact the Head of Business Banking Department on 229071
Business term loans
We offer Business Term Loans to support your business in achieving its long-term financial goals. In order to make repayment suitable for your business, monthly installments are matched to your business cash flow and the term loan is structured for a period of between 3 and 5 years.
Key features and benefits:
A Business term loan may be used to purchase / upgrade fixed property, finance fixed assets, capital expenditure or for the setup / establishment of venture costs
Your repayments can be tailored to suit your business cash flow projections
Competitive interest rates are offered for term loans and may be variable or fixed for the term of your loan
A term loan may not be used for the consolidation of debt or as a substitute product for Vehicle or Asset Finance
Who can apply
This product is available to all our Business clients with an existing Stanbic Bank transactional account
Documentation Required
Generally all loans require that you provide us with the following basic documents to enable our credit department make a sound and informed decision.
Your Business Financial Statements
Personal Statements of assets and liabilities of all the partners, members or directors.
Your sales and purchase budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of funds
Schedule of Debtors and Creditors
If you do not have a Business account with us, you must make available your bank statements for the past three months.
Commercial property loans
A Commercial property loan is a medium- to long-term loan specifically designed to fund, re-finance and/or enhance non-residential property. These loans are available to you in Kwacha and United States Dollars.
Key features and benefits:
Enjoy a maximum repayment period of up to 120 months
Your monthly repayments can be tailored to matched to your cash flow cycles
Interest is variable and is linked to our official base rate, meaning you get the benefit if the interest rate drops;
Funding is aligned to your usage of the property
The loan is not on demand
The loan to value maximum is 70
Who can apply
This product is available to all our Business clients with an existing Stanbic Bank Business current account.
Documentation required
Generally all loans require that you provide us with the following basic documents to enable our credit department make a sound and informed decision.
Your Business Financial Statements
Personal Statements of assets and liabilities of all the partners, members or directors.
Your sales and purchase budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of funds
Schedule of Debtors and Creditors
If you do not have a Business account with us, you must make available your bank statements for the past three months.
This list is not conclusive, and depending on the nature of the application and the business risk involved, fewer or more documents may be required. For detailed information on what documentation your particular application will require please contact the Head of Business Banking Department on 229071.
In addition to the above we will require the following documentation from you when you apply for a Commercial Property Loan
A Property valuation report
Proof that you are legally empowered to borrow funds
A demonstrated valid need for the facility
A clean credit record
A first charge bond over the property
Guarantee or suretyships by shareholders
Assignment or cessation of lease/rental income if not owner occupied
Assignment or cessation of insurance policies (material damage)
Vehicle and asset finance
Stanbic Bank’s Vehicle and Asset Finance facility provides short to medium term funding to finance the purchase of moveable assets, such as motor vehicles, for your business. With over 50 years experience in vehicle asset finance, the bank offers competitive and flexible terms for both individual and business customers.
Key features and benefits:
Competitive interest rates in both local and foreign currency
New or used assets may be financedincluding machinery, office and medical equipment
An insurance premium financing option is available to assist you with your insurance repayments
Automatic reminders of insurance expiry
We offer Flexible financing terms for a period of up to 48 months
You can obtain Financing of motor vehicles ranging from saloons , pick-ups prime movers and earth movers
You can also obtain Financing of second hand vehicles subject to meeting the banks guidelines and conditions
Who can apply
This product is available to all our Business clients with an existing Stanbic Bank Business current account.
Documentation Required
Generally all loans require that you provide us with the following basic documents to enable our credit department make a sound and informed decision.
Your Business Financial Statements
Personal Statements of assets and liabilities of all the partners, members or directors.
Your sales and purchase budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of funds
Schedule of Debtors and Creditors
If you do not have a Business account with us, you must make available your bank statements for the past three months.
Business revolving term loan
Curb your recurring expenses and cash flow constraints with a Business Revolving Term Loan. This is a continuous loan facility where repayments are calculated over five years in equal monthly installments. Once you have met monthly repayments for a minimum of six months, you can withdraw funds up to the original limit, without your monthly repayments being affected.
Key features and benefits:
A Minimum loan amount of K10million / US$5,000 may be granted
You can redraw up to the original amount without having to reapply.
When you revolve on the loan, your repayments remain unaffected.
interest is variable and is linked to our official base rate, meaning you get the benefit if the interest rate drops.
Who can apply
This product is available to all our Business clients with an existing Stanbic Bank Business current account
Documentation Required
Generally all loans require that you provide us with the following basic documents to enable our credit department make a sound and informed decision.
Your Business Financial Statements
Personal Statements of assets and liabilities of all the partners, members or directors.
Your sales and purchase budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of funds
Schedule of Debtors and Creditors
If you do not have a Business account with us, you must make available your bank statements for the past three months.
Agriculture financing
Stanbic bank provides need-based agricultural loans of varying tenors to clients engaged in the farming of staple as well as cash crops, horticulture, plantations, poultry, animal husbandry, dairy, seeds, warehousing, etc. Facilities are provided after credit due diligence is conducted on the entity concerned.
The bank also finances the supply of a wide range of agri-input products like seeds, fertilisers, pesticides, micro nutrients and irrigation equipment. The bank has identified the transportation, storage and processing of food and other agri commodities as a thrust area and is offering Working Capital and Term Loans of varying tenors to eligible processors, based on not only their financials but also on the strengths of the underlying commodities.
This allows the Bank to facilitate the food chain from the “farm gate to the food plate”. The bank is expanding its rural presence in order to deliver these products effectively to the doorsteps of their valued customers, at affordable rates.
Our range of products includes the following:
Seasonal overdraft
Term loans
Vehicle and Asset Finance (VAF)
Letters of Credit
Collateral Management Agreement (CMA)
Agricultural Production Loans
Invoice Discounting
Guarantees
Who can apply?
Agricultural financing is open to any type of farming business, be it established or a start-up operation.
For further details contact our Agriculture department on 229071-3.
Documentation required
Generally all loans require that you provide us with the following basic documents to enable our credit department make a sound and informed decision.
Your Business Financial Statements
Personal Statements of assets and liabilities of all the partners, members or directors.
Your sales and purchase budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of funds
Schedule of Debtors and Creditors
If you do not have a Business account with us, you must make available your bank statements for the past three months.
Corporate Banking
Corporate and investment banking at Standard Bank Malawi operates dedicated corporate and investment departments, providing services to local businesses, international organisations and the public sector.
As a global leader in commodity-related financial services, we are well-positioned to realise significant opportunities for our clients in Malawi’s primarily commodity-driven economy. Agriculture is the dominant sector with maize, tea and sugar grown commercially, but significant opportunities exist in other sectors, such as telecommunications, power and mining.
Our Malawian team combines an in-depth understanding of local market conditions and drivers with Standard Bank’s experience in emerging markets globally to create real value for our clients. We offer a comprehensive range of client-focused solutions, supported by Standard Bank’s world-class risk and capital management systems, and our global network of experts.
Our products and services include:
Transactional services
Cash management
International trade services
Custodial services
Online banking
Debt and equity finance
Term lending
Asset finance
Structured trade and commodity finance
Project finance
Trading and risk management
Foreign exchange
Interest rates
Money markets
Commodities
Corporate advisory services
Dedicated client relationship managers provide a single point of entry into our full financial services competencies.
For more information about our global offerings, please follow the links below:
Products and services
Sector expertise
Credit Facilities
Working capital loan
A Stanbic Bank Working Capital Loan is a credit facility granted to a business entity for the purpose of meeting its immediate cash needs in the short term, providing instant cash to fund your current business activities.
The loan is repaid in instalments over a period of between 3 and 24 months and sometimes even longer. This type of loan will provide you with funds that your business needs to keep growing until you can cover all operating expenses out of revenue.
Key features and benefits:
The amount of the loan you can apply for depends on your business’ confirmed projected cash flow.
It works on fluctuating interest rate which is linked to our base rate.
You can agree to a weekly, monthly, bi-annual or annual repayment plan that is in line with your cash flow.
Who can apply
This product is available to all our Business clients with an existing Stanbic Bank transactional account
Documentation Required
Basic Loan Application Requirements
Generally all loans require that you provide us with the following basic documents to enable our credit department make a sound and informed decision.
Your Business Financial Statements
Personal Statements of assets and liabilities of all the partners, members or directors.
Your sales and purchase budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of funds
Schedule of Debtors and Creditors
If you do not have a Business account with us, you must make available your bank statements for the past three months.
This list is not conclusive, and depending on the nature of the application and the business risk involved, fewer or more documents may be required. For detailed information on what documentation your particular application will require please contact the Head of Business Banking Department on 229071.
Contact Details
Stanbic Bank Zambia Limited
6th Floor Woodgate House
Nairobi Place, Cairo Road
P.O Box 31955
LUSAKA, ZAMBIA
Telephone: +260 211 229071/3
Fax: +260 211 221152
S.W.I.F.T: SBICZMLX
Email: mdo_zambia@stanbic.com
Personal Banking | Corporate Banking | Credit Facilities | Contact Details | Website