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