Apply for a loan

1. Personal Loan/Salary Loan

A perquisite to applying for the salary is a pre-approval form. The forms can be downloaded below or you can apply for a salary loan online. Salary loan form can also be scanned and emailed to info@altus.co.zm.

REQUIREMENTS

  • Copy of NRC
  • 2 Passport size photos
  • 3 months’ pay slip
  • 3 months bank statement
  • Utility bill
  • Employment contract/ approval from employee for permanent employees/ letter of recommendation
  • Security
  • Sketch map of personal premises

Download pre-approval form  |  Download salary loan form    * Apply online  

*Pre-approval form has to be filled in, signed then emailed with application or attached to online salary form.


2. SME Loan Application Form

The form can be downloaded below or you can apply for a SME loan online. SME loan form can also be scanned and emailed to info@altus.co.zm.

REQUIREMENTS

  • 2 passport size photos; directors for limited companies/sole trader
  • 12 months bank statement
  • Audited financial statements if applicable 
  • copy of NRC
  • Business registration
  • Tax clearance
  • Pacra form 2
  • Sketch map of business premises

Download SME Loan form  Apply online

 

Additional requirements for limited companies only

  • Certificate of incorporation
  • Management accounts
  • Board resolution to borrow from Altus Financial Services
  • Company profile; details of key persons
  • Articles of association 
  • VAT certificates

Acceptable Collateral

  • Landed property
  • Motor Vehicles

The above can be accompanied by – directors guarantee and/or post dated cheques.

 

 

 

PRE-APPROVAL FORM


Please attach a scanned copy of the pre-approval form below.

Loan application will be rejected if the approval form is not attached. Click here to view our loan requirements in full.

Part 1 - PERSONAL DATA


Part II - LOAN INFORMATION


3 Months

Part III - LOANS WITH OTHER FINANCIAL INSTITUTIONS


Financial
Institution


Amount advanced


Date Advanced


Period (months)


Outstanding
Amount


DECLARATION & AUTHORIZATION


I have hereby applied for a loan in the amount fully disclosed in PART II. I confirm that I have studied Parts I, II, and III and read the terms and conditions governing the grant of the credit facility and agree to be bound by them. I certify that all the details and particulars given by me are true and complete.
I hereby do acknowledge that I am overall responsible for the payment of this loan. I endeavor to ensure that all monthly installments are paid via my employer or in cash, in the event of non-deductible or non-remittance of the monthly repayment by my employer. I fully acknowledge that extra interest charges on a compound basis will accrue on unpaid/outstanding loan installments. Altus Financial Services will be at liberty to make further loan deduction submission or to restructure my monthly repayment to enable them to collect the extra charges outstanding.
By accepting this facility, I consent/authorize the Lender to disclose information provided to the Lender including details of conduct of your credit facilities for past, present and future accounts and to pass on the status reports to Bank of Zambia, Government of the Republic of Zambia and other Financial institutions in accordance with the Banking and Financial Services Act or any instrument in force and/or to any company or organization carrying out business of the Credit Reference Bureau.

PART 1 - PERSONAL DATA


If above selection is sole proprietor

Physical address (attach a sketch map)

PART 2 - PARTICULARS OF PROPRIETORS


Name

ID No.

Address

Ownership (%)

NB: Attach memorandum and articles of association , board of directors resolution, minutes e.t.c

PART 3 - Economic Activity



PART 4 - Loan Information


1

List of major assets (household and business) that can be pledged as loan security

Download template and attach filled out template below.

Assets Template