@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
Region: ZM
Friday 19 June 2026 19:13:54 GMT
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Pershie :
how can I join your classes sir
2026-07-09 17:50:54
0
Petals Of Encouragements :
well articulated
2026-07-09 15:02:35
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robby mundia :
Absa bank and standard chartered bank gave me insurance after the loans finished
2026-06-20 06:10:43
8
Mike Kilo :
Why do banks still deduct money from the benefits of deceased??
2026-06-20 08:08:25
3
Brian Malama :
The main point here is don't borrow.
2026-06-20 15:37:42
5
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
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Mubiana DM :
thanks for this important information.. I really appreciate
2026-06-19 19:51:27
3
chrispine Mwenya :
exactly
2026-07-06 08:03:05
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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
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Nonde Elvis :
Informative
2026-06-19 22:01:47
2
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
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Kelvinhero :
but I think you're the one I've been looking for this whole long
2026-06-19 20:18:25
2
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 :
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 :
don't get loans....
2026-06-20 15:48:26
1
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
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 :
I remember getting my insurance back after paying back the loan
2026-06-20 05:42:10
1
presec :
But why dont they use their own money to insure their business ???
2026-06-20 18:48:32
1
wiley :
thanks for this powerful info
2026-06-19 22:47:05
1
user2233368788719 :
thanks for the knowledge
2026-07-05 16:54:06
0
AlexBanda :
more like an application fee
2026-06-20 07:23:27
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bandasimon481 :
Thank you I learned something
2026-07-04 18:53:37
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Dr sirLuby :
Good lecture. keep it up. Thank you very much for knowledge.
2026-07-01 07:47:39
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cornelious_yizukanji :
Amazing 😍😍
2026-07-02 11:20:18
0
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