Institution Payroll Loan
This is a loan product that is used to finance payroll for an institution, especially Private schools who may run out of...
Institution Payroll Loan
This is a loan product that is used to finance payroll for an institution, especially Private schools who may run out of funds during holidays since school fees are not paid as students are on holidays, but teachers still need salary. Prospera will pay directly to the members of staff upon receiving an order to pay from the school. The agreement is between the school and Prospera.
Institution Payroll Loan
Monthly repayment
Loan Details & Eligibility
Everything you need to know before applying for Institution Payroll Loan.
Full Loan Specifications
- Loan Range: MWK 50,000 – MWK 4,000,000
- Interest Rate: 7.50% (Flat, Monthly)
- Repayment Term: 1 – 3 months
- Repayment Frequency: Monthly
- Processing Fee: 5.00% of loan amount
- Age Eligibility: 18 – 65 years
- Max Active Loans Per Customer: 1
Responsible Lending
We provide transparent and responsible financial services that prioritize client growth and sustainable borrowing.
Fast Loan Processing
Our efficient processes ensure clients receive financial support quickly so they can act on opportunities without delays.
Community Focus
We empower individuals, farmers, entrepreneurs and community groups through inclusive financial solutions.
Have Questions About This Loan?
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