Salary Advance (“Meeting Your Needs – Instantly!”) is a facility afforded to salaried employees for securing small amounts of short-term credit to finance emergency needs.
The loan is advanced up to four (4) times the average monthly net salary to help the salaried customers meet emergency needs.
It is Easy:
- No security requirements up to Kshs. 100,000
- Automatic debits from customers accounts for repayments (on instruction), no need to travel to the bank and queue.
It is Fast:
- Quick loan processing and disbursement
It has Added Value:
- Free loan insurance against death and disability.
- Advance of up to 4 times the customer’s salary which is higher than most competing products e.g. from Sacco’s.