Employer Supported Loan

Employer supported loan – where an employer confirms that the applicant is the employee, and they undertake to support the facility by remitting salary to NBS Bank

Interest Rate
  • Base Rate + Risk-Based margin
Penalty Interest
  • Base Rate + Risk-Based margin + 10% (for non-payment)
Cost to Access Facility (as per current Tariffs)
  • Processing
  • Disbursement fees
  • Life cover fee
  • Maximum of 60 Months
  • Letter of undertaking from employer
Requirements to access the loan
  • Gross income ratio of not more than 65%
  • Letter of undertaking from the employer
  • Pay slips for the past three months
  • Salary account must have been maintained for 6 months or more
  • Proof of residence (water or electricity bill)
  • Valid National ID