An advance given to salaried employees to be repaid within 31 days. Loans repayments are due on the customers next salary date
Interest Rate
- Zero
Facility Fees
- Processing fees K7,000 loans less than K100,000 and 4% min K12,000 for loans more than K100,000
Security
- Unsecured but supported by letter of undertaking
Requirements
- Valid National ID
- At least 3 latest consecutive Pay slips starting from month before application
- Letter of undertaking from employer
- No RD cheques
- Account operate for 6 months for existing NBS Bank customers