@shadrickunfiltered: Most people don’t know this… Banks deduct insurance from your loan before giving you the money and even after you finish paying the loan in full, with interest, they NEVER refund that insurance. Why? Because that “insurance” is NOT savings. It’s NOT a deposit. It’s NOT money kept somewhere for you. It’s a premium a one‑time cost that protects the bank, not the borrower. Once your loan is approved, that insurance is already consumed. It covers the bank in case you die, lose income, or default. So even if you pay your loan early or on time, the insurance is gone. It’s a cost of borrowing, not a refund‑eligible product. This is why financial literacy matters. When you understand how money works, nobody can take advantage of you again. Watch this video and learn the truth they never explain at the bank counter. #unfilteredthoughts #FinancialLiteracy #MoneyTips #ZambiaBusiness #LoansExplained

ShadrickUnfiltered
ShadrickUnfiltered
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Region: ZM
Friday 19 June 2026 19:13:54 GMT
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wishers20
Pershie :
how can I join your classes sir
2026-07-09 17:50:54
0
petalsofencouragements
Petals Of Encouragements :
well articulated
2026-07-09 15:02:35
0
user3007602165007
robby mundia :
Absa bank and standard chartered bank gave me insurance after the loans finished
2026-06-20 06:10:43
8
mikekilo06
Mike Kilo :
Why do banks still deduct money from the benefits of deceased??
2026-06-20 08:08:25
3
brianmalama627
Brian Malama :
The main point here is don't borrow.
2026-06-20 15:37:42
5
yumbak0
kelvinyumba639 :
there is some truth and some misinformation in this video. Banks don't force you to take up insurance with the insurance companies they have partnered with.
2026-06-22 20:20:07
0
dmi7711
Mubiana DM :
thanks for this important information.. I really appreciate
2026-06-19 19:51:27
3
chrispinemwenya
chrispine Mwenya :
exactly
2026-07-06 08:03:05
0
rhodenmatanda02
rhodenmatanda02 :
But what if I just fail to pay back the full loan amount because av no money to pay?
2026-06-21 15:54:55
0
nondee010
Nonde Elvis :
Informative
2026-06-19 22:01:47
2
lusangasanga
Lusangasanga :
The insurance pays back to the bank the insurance money if you pay off your loan early. it's up to you, to claim the insurance money from the bank!
2026-06-20 13:13:06
0
userkelvinhero
Kelvinhero :
but I think you're the one I've been looking for this whole long
2026-06-19 20:18:25
2
wwwtiktokbuli
Buli :
But it should be given back because after paying back,it's means they now collected money from me,so the bank should pay back .
2026-06-20 07:20:03
1
user499811107255
user499811107255 :
Let me find out from you, there are loans that go into extended periods. The loan period is five years and the loan is extended to seven years is that loan insured for the extended period.
2026-06-20 00:14:18
1
mathewschiluba
mathewschiluba :
don't get loans....
2026-06-20 15:48:26
1
deuce8323
Deuce :
The insurance is for the full loan period.When you service the loan half way and you decide to payoff the loan,the bank will have to pay you back the insurance for the period remaining
2026-06-20 05:22:08
3
prominentfinancezambia
Lovemore Kafupi Muleya :
You’re very powerful please if you do offer physical classes please do share information on how to attend.
2026-06-20 03:17:24
0
getrude.kapambwe
Getrude kapambwe :
I remember getting my insurance back after paying back the loan
2026-06-20 05:42:10
1
presec0
presec :
But why dont they use their own money to insure their business ???
2026-06-20 18:48:32
1
wiley887
wiley :
thanks for this powerful info
2026-06-19 22:47:05
1
user2233368788719
user2233368788719 :
thanks for the knowledge
2026-07-05 16:54:06
0
dingiswayo555
AlexBanda :
more like an application fee
2026-06-20 07:23:27
0
bandasimon
bandasimon481 :
Thank you I learned something
2026-07-04 18:53:37
0
user92149651609488
Dr sirLuby :
Good lecture. keep it up. Thank you very much for knowledge.
2026-07-01 07:47:39
0
cornelious_yizukanji
cornelious_yizukanji :
Amazing 😍😍
2026-07-02 11:20:18
0
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