This product
enables people meet urgent personal
financial obligations such as rents,
school fees, vector expenses , medical
bills as well as insurance loans
WHO QUALIFIES FOR THIS CLASS OF LOAN?
-
Salary
farmers whose salary accounts must be domiciled with the bank
-
Customer whose salary account are not domiciled in the bank must
have their salary accounts moved to us
must be confirmed staff
-
Salary account must have ran for at least 6 months
WHAT SECURITY IS REQUIRED FOR THIS LOANS
-
Salary domiciliation
-
Personal guarantee
/employer status inquiry from the
current place of work
-
Post dated
cheques
WHEN DOES THE LOAN TERMINATE
The loan has a maximum tenor of 12 months repayment shall be monthly and will be into the salary account of the obligor
WHAT
ARE THE CHECKLIST FOR SALARY ACCOUNT HOLDERS?
This means
that before the loan can be granted,
the following must be obtained
Complete tran application from (To be
completed by the applicant)
-
Duly executed
letter of salary domiciliation
-
Evidence of annual
congrensation package
-
Attach 6 months
pay slip and six (6) month statement of account
-
Executed letter of authority to the bank
to debit customers account for the loan month repayments
-
Duly
executed offer letter
WHAT DOES THE BRANCH ENJOY
-
Multiple
income streams float income, fees and conton accounts
-
Opportunity to sell other products of the bank
Account conversion of
aspiring customer and increase