Salary Advance is a salary based overdraft facility which enables staff of private companies and government agencies access 50% of their net monthly salary in advance.

Features and Terms

• Product Description: This product offers 50% of customer's net monthly salary as overdraft.
• Disbursement: The facility is disbursed monthly as temporary overdraft.
• Facility Amount (maximum): 50% of customer's net monthly salary.
• Tenor: 365 days (maximum) with monthly liquidation.
• Target Market: Individuals in paid employment whose salaries are domiciled with the bank.
• Interest Rate: Competitive Interest rates and fees.