Individuals with the Staff Salary Accounts can benefit from our Salary Advance Product which offers access up to 50% of the staff’s salary before pay day.
Features and Terms
Product Description: This product offers 50% of customer's net monthly salary as temporary overdraft.
Disbursement: The facility is disbursed within the month as temporary overdraft and liquidated on pay day.
Facility Amount (maximum): 50% of customer's net monthly salary.
Tenor: 365 days (maximum) with monthly liquidation.
Target Market: Individuals in paid employment whose salaries are domiciled with the bank.
Interest Rate: Competitive Interest rates and fees.