Business Loans

Under this scheme, loans are repaid in twelve months.

Under this scheme, SAILE targets employees in private and public sectors that get high salaries. Normally these are managers, supervisors, university lecturers, and officers etc that earn high incomes. The procedure is the same as SML scheme in terms of security, approval, loan disbursement and loan repayment. They come directly to the office and make payments.

These loans are given to employees from any part of the country. However for employees that are outside Mzuzu and Lilongwe Cities, the guarantors should be from either Mzuzu or Lilongwe.

Please Note: There is an Administration Fee of 8.5%.