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.
Flexible repayment period of up to 12 months
One can borrow 4 times of the net pay
Flexible collateral requirements
Quick loan processing
What you require to sign up
One must be in employment and have an active Equity Bank account
Salary to have been remitted through an Equity Bank account for at least 3 consecutive months
One must provide financial information (3 recent copies of pay slips, latest bank statements showing at least 3 months of salary remittances and a copy of your financial card)
Why you should sign up for this product
Lasts longer, simple requirements
Client obtains credit hence easing increase in liquidity
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