A Salary Advance is a short-term loan advanced to a salaried customer depending on the bank’s profile of them, to help them meet their emergency need. Repayment period for this loan is up to 12 months.
A loan of up to KSh300,000 is advanced, subject to the bank’s profile of the customer/account holder.
What you require to sign up
You should be an active holder by remitting at least three months’ salary into your Equity account
You need to present a Confirmation Letter or Introduction Letter from your employer.
Why you should sign up for this product
This loan is available up to 12 months.
Additionally Why you should sign up for this product
The loan is easily secured, with no security requirement for up to KSh300,000.
The repayment system is easy, with an automatic deduction of your account (on instruction).
Securing the loan is fast, due to quick processing and disbursement.
It has a value added feature of a loan insurance against death and disability.
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