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Personal Loan to Employees


Target Group: Employees working with Govt./Parastatals/ reputed organizations. Self Employed persons for meeting their personal expenses  

Eligibility: 5 times of net salary
 
Amount: P5, 000 to 50,000

Security: Loan agreement & Undertaking from the employer to remit the installments, in case of Corporate Tie up arrangements. In other cases satisfactory operated salary account should be with us for at least 6 months.

Repayment Period: Max 36 equated monthly installments

Other terms:
    (a) Deductions not to exceed 60% of the total salary
    (b) For Individuals salary account with us for 6 months
    (c) Rate of interest 5% above prime rate  
    (d) Salary account not necessary in case of tie up arrangement