An advance given to salaried employees to be repaid on the next salary date.
Interest Rate
- Commission based
- Zero interest rate
Cost to Access Facility (as per current Tariffs)
- Processing fees depending on loan amount
Security
- Unsecured and supported salary transactions in the system
Limit
- 40% of disposable net monthly salary (after all existing monthly loan deductions)
Requirements
- Valid National ID
- At least 3 latest salary transactions in the system for customers
- Salary processed through NBS Bank account
- Clean CRB report
- Account to operate for 6 months