Retail Banking

As ACL, we support micro, small and medium enterprise (MSME) businesses. ACL is proud to be the first registered Microfinance Bank in Zimbabwe. We set up a branch network which offers customer-centric transactional, savings and loan products. We are a trusted and secure place to save because of our strong capital base. We provide a wide spectrum of financial services to economically active households, including transactional accounts, payment services and loans. Our loans include working capital loans and home improvement loans, among other loan types. Our Retail Banking endeavours to reach the lower end of the market in line with the national agenda to promote financial inclusion. We offer real opportunities to grow business faster and more cost effectively.

Transactional Accounts:


Business Transactional Accounts

ACL offers transactional accounts to small, medium and large corporates. Businesses can transact through our efficient internet banking platform. They also have an option to apply for Point of Sale (POS) machines or integrated POS machines.

Personal Transactional Accounts

We offer transactional accounts to individuals who can also transact using our efficient internet banking platform, ZimSwitch debit card or mobile banking.

Loans:


Working Capital Loans

Businesses may access working capital loans regardless of their sizes.

General Terms
  • Competitive pricing
  • Turnaround time – 4 working days
  • Tenure 12 months.
Requirements

Company registration documents, financial statements, management accounts, cash-flow projections.

Personal Loans

ACL can meet personal and financial needs of its accountholders through access to various loans. These include home improvement loans, school fees loans and personal loans, among others, at competitive rates.

General Terms
  • Competitive pricing .
  • Turnaround time – 4 working days.
  • Tenure 12 months.
Requirements

Copy of ID; Passport-sized photo; Payslip; Confirmation of employment, Proof of residence

SSB Loans

African Century Limited offers civil servants very affordable loans with a good turnaround time of 48 hours.

General Terms
  • Competitive pricing .
  • Turnaround time – 48 hours.
  • Tenure 12 months.
Requirements

Copy of ID; Passport-sized photo; Payslip; Confirmation of employment.