Let your employees live their dreams
Easy and flexible loan repayment options
Personal Loan to Employees
Employees working with Govt./Parastatals/ reputed organizations. Self Employed persons for meeting their personal expenses
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Target group
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Eligibility
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Amount of Loan
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Security
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Repayment Period
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Other terms
Employees working with Govt./Parastatals/ reputed organizations. Self Employed persons for meeting their personal expenses
5 times of net salary
P5,000 to 50,000
Loan agreement & Undertaking from the employer to remit the installments, in case of Corporate Tie up arrangements. In other cases satisfactory operated salary account should be with us for at least 6 months
From Prime plus 2 % to Prime rate depending upon the value of security and repayment capacity, take home salary, cash margin provided etc
(a) Deductions not to exceed 60% of the total salary
(b) For Individuals salary account with us for 6 months
(c) Rate of interest 5% above prime rate
(d) Salary account not necessary in case of tie up arrangement
