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.
Benefits
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It is Easy:
- No security requirements up to UGX. 3,699,655
- Automatic debits from customers accounts for repayments (on instruction), no need to travel to the bank and queue.
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It is Fast:
- Quick loan processing and disbursement
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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.
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