Pay Day Loan
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Get up to 40% of your monthly salary to give you financial relief in case of emergency. This interest free-loan is tailored to meet the needs of customers who require short term financing.
Benefits of a Pay Day Loan
Access Anytime
Draw money whenever you need it from an overdraft that’s always available
No Interest
You only pay a once off flat free and enjoy a loan without incurring any interest
Quick repayment
Repay your loan within 30 days.
No Fuss
Avoid minimum monthly repayments, with full settlement the instant your salary is paid
What you get
- Minimum MWK 50,000 and Maximum MWK 3,000,000
- Customer can access facility maximum of 4 times a year (once a quarter/ 3 months)
What it costs
How to get it
- Letter of undertaking from employer – Direct Banking customers (Not a requirement for Relationship Banking customers)
- Three months bank Statement (For new customers)
- Latest pay slip
- National identity
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What you get
-
What it costs
-
How to get it
- Minimum MWK 50,000 and Maximum MWK 3,000,000
- Customer can access facility maximum of 4 times a year (once a quarter/ 3 months)
- Letter of undertaking from employer – Direct Banking customers (Not a requirement for Relationship Banking customers)
- Three months bank Statement (For new customers)
- Latest pay slip
- National identity