Home Services Payday Loan
Payday loan is strictly for salary earners in both private and public organizations. The organization must be reputable and not on IPPIS.
You need the following to be eligible for Payday Loan product:
- Facility range from 50,000 to 3,000,000 depending on the salary.
- Loan amount entitlement is 1/3 of the net monthly salary.
- Saving and Current account required
- Applicant cheques required.
- Work ID and other valid means of identification.
- 3 months statement of account of the beneficiary
- 2 solid guarantors. They must be work colleagues with the beneficiary, and must provide valid ID cards and cheques.
- Repayment through Direct Debit Mandate (DDM) or cheques.
- Interest rate of 4% monthly.
- Repayment frequency: Monthly.
- Duration: 6 months.
HOW TO APPLY
- Visit any of our Branches to obtain a loan form or download the form online.
- Have the filled form scan to firstname.lastname@example.org
- Visit our branch for identification and verification if you downloaded the loan form online