Overview

Personal consumption 

Lending Methodology

  • Deductions through SSB

Repayment frequency

  • Monthly   

Grace period

None

Pricing

  • 1% Establishment fees
  • 1.2% Insurance fees
  • 1% Arrangement fees
  • 1% Funds transfer fees
  • 9% per month on reducing balance method

Qualifying criteria

  • Maximum depends on the current net salary. (Affordability table attached).

Tenure

  • Up to 24 months

What you need to apply

  • A utility bill or letter from the employer confirming residence
  • Valid Passport or National ID
  • Copy of payslip, which should be within 3 months

Collateral requirement

  • Salary