This product enables salary earners to access funds so as to meet emergency needs which may arise in the course of the month before the payment of salary. Loan repayment is deducted at source from customer’s salary.
FEATURES:
- Evidence of monthly income i.e. six month statement of account and pay slip
- Interest rate @6% per month reducing balance
- Loan application form fee 1,000
- Credit search fee 1,000
- Upfront Charges is 5% flat
- Tenure is 90 days
- Security: 2 guarantors and pledge of household items
- Loan will be duly guaranteed