Central Bank Rate: 26.00%
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Loan Apps Malawi

13 Verified Lenders • From 20.0% APR

Central Bank Rate 26.00%
Inflation Rate 28.50%
GDP/Capita MWK 1,005,476
Average Monthly Salary MWK 163,917
Income Tax Rate 35.0%
Average Property Price MWK 20,000K
Unemployment Rate 5.0%

Loan Types Available

Personal Loans

Interest Rate 20.00% - 27.00%
Loan Amount MWK 50,000 - 4,000K
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Business Loans

Interest Rate 18.00% - 25.00%
Loan Amount MWK 100,000 - 100,000K
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Student Loans

Interest Rate 8.00% - 12.00%
Loan Amount MWK 585,000 - 2,850K
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Mortgage Loans

Interest Rate 15.00% - 20.00%
Loan Amount MWK 1,000,000 - 80,000K
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Auto Loans

Interest Rate 15.00% - 25.00%
Loan Amount MWK 200,000 - 5,000K
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General Requirements

Age Requirements

18 - 70 years

Residency

Required

Credit Score System

FICO

Minimum Down Payment

20.0%

Top Lenders

Saile Financial Services

4.7
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Green Fund Limited

4.6
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VisionFund Malawi

4.6
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Wealthnet Finance Plc

4.6
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Opportunity Bank

4.4
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Airtel Malawi

4.3
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Loan Calculator

Monthly Payment MWK 890
Total Cost MWK 10,680
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Verified Expert
James Mitchell

James Mitchell

International Finance Expert & Credit Analyst

Over 8 years of experience analyzing loan markets and banking systems across 193 countries. Helping consumers make informed financial decisions through independent research and expert guidance.

Verified 3 days ago
193 Countries
12,000+ Reviews