For Payroll Backed Loan
- These loans are based on the borrowers assessed creditworthiness and ability to repay from your existing income.
- These are structured as follows:
- Facility amounts being borrowed range from K1,000.00 to K20,000.00
- Facility term runs from 1 month to 3 months | Interest rate applied on this loan will be 10% on a monthly basis with a 1% service fee.
Payroll Backed Loan Requirements
- A client must have:
- Been employed for between 3 and 6 months with current employer
- Attained the age of 18
- A valid ID document
- A valid employer personalized ID card
- Latest payslip
- Latest bank statement
- Proof of residence
- Employer pre-approval forms
- Photograph