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SALARY ADVANCE

This loan module is suitable for salary earners (not neccesarily public servant).
Below are the requirement to access this loan product.

REQUIREMENTS/CRITERIA

You need the following to be eligible for Salary Advance Loan Module:

  • Loan amount antitlement is 1/3 of the Net Monthly salary of the Applicant (As stipulated in his/her Employment letter).
  • Interest rate of 4% Monthly
  • Account Opening Documentation of 3 Recent Passports, Photocopy Of Nepa Bill, Photocopy of any means of I.D Card.
  • Introduction letter from the company of the beneficiary
  • Two co-staff Guarantors with work and Valid I.D Card + One recent passport with detailed description of the guarantors' houses and offices
  • 3 months statement of account of the beneficiary
  • Bureau search of minimum of #1,000
  • Loan form of 0.5% of the loan amount

REPAYMENT DETAILS

  • Repayment tenor of 6 months, which will be deducted from the beneficiary‚Äôs salary on a monthly basis.
  • Default fine of 10% of the repayment amount (Non- Negotiable)

HOW TO APPLY

  • Visit any of our Branches to obtain a loan form or download the form online.
  • Have the filled form scan to customerservice@seapmfb.com
  • Visit our branch for identification and verification if you downloaded the loan form online
Download Loan Form

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