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Consumer Loans FAQs

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Questions and Answers

What is the minimum loan amount for Consumer Loans?

ZMW 2,000.00

ZMW 500.00

ZMW 1,000.00 (correct)

ZMW 5,000.00

What is the maximum repayment period for Consumer Loans?

60 months (correct)

36 months

72 months

48 months

What is the purpose of requiring a signed Preapproval form?

To process the loan application (correct)

To verify the client's identity

To provide proof of income

To confirm the client's employment status

Which of the following institutions does not qualify for Consumer Loans?

Ministry of Agriculture Signup and view all the answers

What is the interest rate for Consumer Loans?

3.75% per month Signup and view all the answers

Where are Consumer Loans managed and disbursed?

Contact Center Signup and view all the answers

What is a potential indicator of money laundering in a company's account?

Large cash deposits and withdrawals in cash Signup and view all the answers

Which of the following transactions may raise suspicions of money laundering?

A customer depositing cash by means of numerous credit slips below a certain threshold Signup and view all the answers

What is a suspicious behavior in a customer's account?

Large cash deposits followed by immediate transfers to another account Signup and view all the answers

Which of the following is a red flag for money laundering in a business account?

Using cash for transactions normally conducted using cheques and other instruments Signup and view all the answers

What is a characteristic of a suspicious transaction?

A customer depositing cash in small amounts and transferring it to another account Signup and view all the answers

Which of the following is a potential indicator of money laundering in a branch?

A higher volume of cash transactions compared to normal Signup and view all the answers

Which of the following customer behaviors might indicate suspicious activity?

Transferring large sums of money to or from overseas locations Signup and view all the answers

What might be a red flag for unusual account activity?

Large cash withdrawals from a previously dormant account Signup and view all the answers

Which of the following might be a sign of attempted fraud?

Making cash deposits using night safe facilities Signup and view all the answers

What might be a characteristic of money laundering?

Making small cash transactions below the reporting threshold Signup and view all the answers

Which of the following customer behaviors might raise suspicions?

Depositing large amounts of cash into multiple accounts Signup and view all the answers

What might be a sign of potential fraud?

Making a large cash deposit and immediately withdrawing cash Signup and view all the answers