Features
- The organizations sign an indemnity to ensure collection of the loan repayment from the employees account from source for onward remittance to the Bank
- The Parent Organization must have an account with the Bank
- This is open ONLY to Private Organizations
- Minimum work force – 5 employees
- Loan period: 30 – 180 days
- Interest: 4% flat
- Attractive fee
Requirements
- Letter of introduction of the employee from the Organization, which must include the staff salary
- 6 Months statement of account
- Employment Letter / Contract of employment
- Passport Photograph and utility Bill
- Valid means of identification/Work IdentificationValid means of identification/Work Identification
- Guarantors (Internal and External)