The EFC Term Deposit is a simple way to earn superior financial returns for savers and investors with a long-term investment horizon. The term deposit account allows the investor peace of mind as the investment is secure for the whole period and interest is guaranteed. Call us on our toll free line 8899 to get more information and competitive rates.
The EFC Term Deposit Account pays the best interest rate to savers and investors looking for superior financial returns.
The minimum balance is K2,000.
The minimum duration is one month.
At maturity, you can choose to transfer the interest earned and capital back to savings account or you can roll over the capital and / interest into a new investment at a new market rate.
Yes, your money is safe at EFC because EFC strictly adheres to the BOZ policy regulations and is licensed and supervised by BOZ.
EFC helped me expand my business. In 2014, I got my first loan from EFC which I used to buy and expand a house near my school. After settling that loan, I got more loans for the expansion of my business from a one-story building to a two-story building. I am very happy that I was introduced to EFC by a friend who encouraged me to get a loan which I have really benefited from. In the past, I tried to get loans from other Financial Institutions for the expansion of my Business but they were unsuccessful. I urge EFC to continue helping small scale businesses to expand. Words cannot express how grateful I am for EFC. Thank you EFC.
As a Farmer dealing in chicken and vegetables, I have acquired three loans from EFC, through which I have built six one roomed self-contained apartments which I wish to turn into a lodge in Mpika. Through the loans, I have also built a chicken run in Chilanga and two semidetached two bedroomed houses. I have also built six two roomed flats in Lilanda. I am very grateful to EFC for helping me take my businesses to higher heights through their loans and because of these drastic improvements in my businesses, I am able to provide for the needs of my family and contribute positively to the growth of our country’s economy.
EFC has given me about 5 loans. My first loan was around ZMW 20,000, followed by ZMW 40, 000 and my last loan was ZMW 650,000 in November 2018. The loan allowed me to grow my DSTV merchant business from one to five shops and now I command the DSTV Agency business in Zambia. I run DSTV Levy Park, South Gate Mall, Kalomo and 2 shops in Livingstone. In 2014 my business Crystal Digital Satellite was voted best in Zambia in Sales thanks to the financing I got from EFC. My loans from EFC have also helped me expand my lodge in Mazabuka from 6 to 18 chalets. I also constructed a new restaurant and I am currently completing 12 new units. Thanks to EFC, my dream to own the biggest lodge between Lusaka and Livingston by 2020 is becoming a reality. The Lodge will have a Sports Complex, Filling Station, Camping Sites, Recreational Dams and Conference Facilities. We are currently growing up the village chickens black autoloops from Australia. We have 500 and we will be producing 20,000 chicks per month from June 2019. This will be the biggest village chicken project in the country. EFC has been a great partner in growing my business and the financial institution that I know will help me realize my future.
August 06