Agent Overdraft

These are facilities offered to clients trading in mobile money businesses. The following can qualify for an Agent Overdraft:

  1. Mobile Money Agents (MTN, Airtel and Zamtel)
  2. AB Bank Premium Agent Account Holders
  3. ZANACO Xpress Agents with Mobile Money
  4. Kazang and 543 Konse Konse Agents
  5. FNB Cash Plus Agents with Mobile Money

The Agent Overdraft runs for a minimum of 3 months and a maximum of 6 months.

1. Client should have a Mobile Money business not less than 12 months
2. The MOMO Agent Sim cards or Account should be in the applicant’s name
3. Applicant should provide a 3 – 6 months Transactional Statement from respective Agent Accounts
4. Provide vaild Identity (National Registration Card or as per Banks Credit Requirements)
5. Applicant must provide collateralĀ 

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