Government Scheme Loan

The Government loan scheme is a product specifically designed for employees who are on the Payroll Management Equipment Control system (PMEC) only, which is under Public Service Management Division (PSMD) under the Office of the President.


The requirements are as follows:

  • Minimum K500 – with the maximum defendant on an individual’s net pay
  • Monthly installment will be calculated as follows:
  • All the deductions on the pay slip to be within 60%, meaning that a client should remain with 40% of their net take home pay.
  • Tenure 3 to 24 months
  • Latest 3 months original pay slips (we need to retain them until they finish off paying the loan)
  • Latest 3 months bank statement.
  • Original NRC (we have to make a copy ourselves)
  • Employee must have finished their probation and confirmed by the employer.
  • Turn round period; ideally same day
  • Security; employee benefits
  • GRZ Pre-Approval forms signed by authorized signatories.