Small Business Loans (no collateral)

Start your relationship with FINCA the smart way

We believe in your business even before others do – the small Business Loan is designed to help new customers take their business to the next level with fast access to cash and no processing fees.

It’s a simple and transparent

We put speed, convenience, and fairness at the centre of your borrowing experience.

Why choose FINCA small Business Loan?

  • Quick access to cash: get your loan disbursed within 24 hours after approval

  • No processing fees: keep more money in your business

  • Simple requirements: no collateral for loans up to USD 1,000. For loans above USD 1,000 collateral is required.

  • No compulsory savings

  • Clear, transparent pricing:  no hidden charges

  • Loan amounts: MWK 500,000 – MWK 8,000,000

  • Flexible tenure: 6–12 months

  • Monthly Interest: from 6%

Who is eligible for a small Business Loan?

This is suitable for small business owners who are new to FINCA Malawi and are looking for a reliable, short to medium term business loan to support working capital, stock purchase, or business growth.

Flexible repayment and peace of mind

  • No late fees

  • Clear repayment schedule provided upfront
What documents do I need?

To apply for a small Business Loan, you will need:

  • National ID (or Passport for foreign nationals)
  • Business Registration Certificate
  • Business or City Council Licence (for applicable businesses)
  • Credit Reference Bureau (CRB) check
  • Two personal references

How to apply

Simple and convenient loan journey. We’ve designed this Loan to reduce paperwork, branch visits, and waiting time.

Most customers only need one branch visit to complete the process.

  • 1
    Apply for a loan in the branch or online (complete a simple digital loan application)
  • 2
    Submit required documents
  • 3
    Sign your loan agreement at the branch
  • 4
    Get your money disbursed quickly

Start your application

Applying for a small business loan is straightforward and convenient


Frequently Asked Questions

No. The Small Business Loan under 1,000 USD does not require any collateral.

No. FINCA Malawi does not charge any processing fee for Small Business loans.

You can borrow up to 1,000 USD, subject to eligibility and credit assessment.

Once approved and documents are signed, loan disbursement can happen within 24 hours.

FINCA Malawi will remind you through SMS and phone calls. Missing repayments may affect your eligibility for future loans.

Yes, foreign nationals can apply, subject to:

  • Valid passport
  • Business residence permit
  • A guarantor (as applicable)

We are always happy to talk!

Request a callback.