Salary Advance

Purpose: For salaried members who want to access funds based on their monthly income

Features:

• Loan amount depends on net salary and repayment ability
• Repayment is deducted directly from salary
• Short repayment term – (1-6months)
• Often used for personal needs

• Salary advance amount is between 20,001 to 50,000

• Rate is 8% straight line method