Types of Accounts

The Account is also applicable to employees on a 3 months or more renewable fixed term contract
Interest rates = 10% on ZWG Accounts & 2% on USD

With a 6 months to pay revolving account, (revolving credit means you can buy any time as long as you have buying power on your account and your monthly payments are up to date).
Interest rates = 2%

The account allows customers to buy on credit and pay within 30 Days / 60 Days / 90 Days and installments due at the end of each trading month on a revolving credit basis
Interest rates = 2%

If you are not formally employed and you are running your own business (self-employed) over and above the initial Edgars account opening requirements, you can bring your proof of income in the form of a recent three months bank statement in your name or the company’s name.
You should also bring your CR14 (Company’s registration documents) for us to be able to verify your company details.
The terms on the informal Sector account are 25% deposit which will fall away after 6 months as long as the account is conducted well (account must no fall into arrears)

We also open an account for customers receiving money from the Diaspora. All they need to bring are three months recent Diaspora receipts as proof of income.
On receipt of all documents highlighted above we take 24-48 hours to open an account. The 24-48 hours is to enable us to do all credit checks.

Individual Account Opening Requirements

Your original current payslip (and a photocopy of the same should you wish to retain the original)
Proof Of Identity in form of the following National ID, Passport or Driver’s license (and a photocopy of the same)
Proof of residence in the form of either a water bill or electricity bill (and a photocopy of the same should you wish to retain the original. You can also bring a letter from the Landlord acknowledging that you lease his/her property together with the landlord's proof of residence.)

Original and copy of your National Identity (Metal or Plastic Identity Card, Current Passport or Driver's License).
Proof of Residence in the form of (Utility bills either from Local Authority or Town Council or ZESA, Signed Letter from employer or Certified Letter from your Landlord)
Source of Income (Current Payslip for those in formal employment or 3 months consecutive bank statement for self-employed or 3 months consecutive diaspora receipts for those who receive money from the diaspora).
Corporate or Company Accounts (Company registration documents - CR14, Articles and Memorandum of Association, Tax Clearance Certificate, Practising Certificate or Business License).

Your original current payslip (and a photocopy of the same should you wish to retain the original)
Proof Of Identity in form of the following National ID, Passport or Driver’s license (and a photocopy of the same)
Proof of residence in the form of either a water bill or electricity bill (and a photocopy of the same should you wish to retain the original. You can also bring a letter from the Landlord acknowledging that you lease his/her property together with the landlord's proof of residence.)

Or click any of the buttons below to download a form and submit it at your nearest Edgars Store.

Credit Scheme	Monthly Interest Rate	Deposit Requirement on all purchases	Late Payment Penalty Charge
			(Charged only when your account is in arrears i.e. when your account payments are not up to date)
ZWG \| Three (3) Months To Pay	10%	100%	5%
USD \| Six (6) Months To Pay	2%	0%	4.5%
USD \| Nine (9) Months To Pay	2%	0%	4.5%
Corporate Account \| 30 Days	2%	0%	4.5%

Please note that terms and/or availability of the above credit facilities is subject to Edgars’ discretion and terms, interest rates and any other aspect of such accounts may be reviewed from time to time.
Edgars Stores Limited reserves the right to suspend and / or discontinue any of the financial services products as may be deemed necessary and requisite communication will be sent through to customers accordingly.