Personal Loan

Employees are the backbone of every organization. Enable your employees to empower their financial independence with this salary-administration product.

Features:

• Flexibility to meet individual needs
• Loan amount up to 75% of net annual salary (for applicants with terminal benefit)
• Loan amount up to 50% of net annual salary (for applicants without terminal benefit)
• Up to 36 months tenure
• Credit life insurance

Requirements

• Completed Application Form
• Completed Employee Status Inquiry/Employer’s Confirmation Form
• Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
• Copy of Employment ID and valid means of identification
• BVN
• Credit checks
• Letter of Lien/Set off

Want to top-up your existing loan?

Customers with existing personal loans on salary accounts can get access to more funds when needed.

To qualify:

• You must have paid down at least 50% of your existing facility.
• You must have not missed any repayment in the last 6 months