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The National Building Society (NBS) is launching Pensioners’ Personal Loan scheme.
This loan facility was designed for individuals who receive their NSSA pay-outs, whether as pensioners or beneficiaries, through an NBS bank account.
To find out more about the scheme, we sat down with the NBS’s Acting Managing Director, Mr Alfred Chaavure (AC) who explained what this entails.
What is the big occasion today?
AC: National Building Society (NBS) is honoured to announce the launch of the Pensioners’ Personal Loan proudly powered by our shareholder, the National Social Security Authority (NSSA).
Kindly explain what the Pensioner’s Personal Loan is about?
AC: This is a loan facility designed for individuals who receive their NSSA pay-outs, whether as pensioners or beneficiaries, through an NBS bank account.
Why did The NBS choose to partner with NSSA to offer Pensioners’ Personal Loans?
AC: We understand that the demands of employment, family, and life in general force many of us to put aside our dreams.
However, the end of an active working life, is an exciting time, when various opportunities can be pursued, such as starting your own business.
Thus, NBS was compelled to facilitate Pensioners’ Personal Loans to contribute in some way to making the dream of business ownership a reality for retirees.
What are the benefits of receiving a Pensioners’ Personal Loan?
AC: These loans are substantial in amount. Up to 10 times one’s gross monthly pay-out can be given; to a maximum of $100,000.
It is our belief that the loans can fund income generating projects, such as poultry, horticulture, carpentry, or any other businesses.
Also, Application requires minimal documentation, and loan processing is efficient, with a turnaround time of 48 hours.
In Conclusion, what is the NBS’s commitment to its clients regarding this Pensioners’ Personal Loan?
AC: Let me conclude by giving assurance of NBS’s commitment to responding to the needs of our clients. Open your account today with NBS and enjoy tailored products to suit your financial needs.
The introduction of the Pensioners’ Personal Loan is a demonstration of this. We look forward to delivering efficient and consistent service to NSSA pensioners and beneficiaries.
On Monday 26 April 2021, NBS Masvingo branch began operating from its new home. The relocation of the branch to a larger, more central space is anticipated to bring greater convenience to our valued clients.
Details of the new location are as follows:
National Building Society (NBS) Branch
Ground Floor Trade Centre Building
267 Simon Muzenda Street
Masvingo
Telephone numbers and other contact details for the branch remain unchanged: +263-3922-60910
For further information, get in touch with the team at NBS Masvingo branch.
For sale – several NBS properties in possession at Stoneridge Park, which is located in Harare, near Hopely, in the vicinity of Irvine’s Chickens.
Details of the available properties appear in the table below:
| Description | Stand Size | Number Available | *Mortgage Selling Price | *Cash Price (Discounted) | |
| 1. | Vacant Stand | 200m2 | 3 | US$11,900.00 | US$9,350.00 |
| 2. | Vacant Stand | 322m2 | 1 | US$19,159.00 | US$15,053.50 |
| 3. | 3 bedrooms (en suite) | 200m2 | 9 | US$37,800.00 | US$29,700.00 |
| 4. | 2 bedrooms | 200m2 | 2 | US$25,200.00 | US$19,800.00 |
*Prices do not include Value Added Tax (VAT).
Kindly note that water and electricity are yet to be connected at these properties. Therefore, the Society is also offering the following loans to clients as part of the sales bundle:
(i) Solar Energy Loan Fund (SELF) for power supply and,
(ii) Sanitation Loan to access water.
Interested buyers can contact NBS using the details below:
We are pleased to give clients the convenience and simplicity of using the NBS Dual Currency Card. This debit card links both ZWL and USD Local Nostro accounts so that clients can swipe and make payments for goods and services in either currency. The dual currency card can be used for Zimswitch card purchase transactions in ZWL and USD currencies.
For current NBS clients, arrangements can be made to link their USD accounts to their existing ZWL debit card. At account opening, new customers are welcome to have both accounts linked to the same debit card.
To find out more, get in touch with us.