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.