SALARY ADVANCE

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’s 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