FBC Microfinance — review & details
FBC's own salary-based loan page publishes a rate of 20% PER MONTH — one of the very few lenders in this comparison to state a rate at all, and it is a genuinely expensive one once compounded over a term.
Highest published rate — compare carefully
FBC Microfinance
★★★☆☆
Up to US$250,000 (published maximum)
Loan Amount
3–12 months
Term
20% per month (published)
Interest Rate
Payroll/SSB stop order
Deduction Method
Civil servants, university employees, selected councils and approved employers
Eligibility
RBZ-registered microfinance institution (FBC group)
Licence
Nothing stands out enough to offset the published cost — compare this rate against every alternative first
Best For
Pros
- Unusually transparent — actually publishes its rate, unlike most competitors here
- High advertised amount ceiling for those who need it
- Straightforward SSB stop-order deduction
Cons
- 20% PER MONTH is extremely expensive once compounded — work out the actual total repayable before signing
- Current FBC Bank, Crown Bank and FBC Building Society customers are explicitly ineligible for this product
- Short maximum term (12 months) forces higher instalments
How FBC Microfinance compares in personal loans
| FBC Microfinance | First Capital Bank Civil Servants Loan | First Mutual Microfinance | |
|---|---|---|---|
| Loan Amount | Up to US$250,000 (published maximum) | Up to US$2,000 | Not publicly published — risk-based |
| Term | 3–12 months | Up to 24 months | Up to 36 months |
| Interest Rate | 20% per month (published) | Not published — ask for the total repayable before signing | Cost-plus, risk-based — not published as a flat figure |
| Deduction Method | Payroll/SSB stop order | SSB (civil service) payroll stop order | SSB / Zimbabwe National Army / university payroll deduction |
| Eligibility | Civil servants, university employees, selected councils and approved employers | — | — |
| Licence | RBZ-registered microfinance institution (FBC group) | Licensed commercial bank (RBZ) | RBZ-registered microfinance institution |
| Best For | Nothing stands out enough to offset the published cost — compare this rate against every alternative first | Bank-backed stability for a modest amount | Longer repayment terms than most competitors |
| Visit FBC Microfinance → | Visit First Capital Bank → | Visit First Mutual Microfinance → |
Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.
