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Pay Day Loan

Pay Day Loan

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
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
What it costs

A flat fee of 4% min MK 11 500.00

2020 Pricing Guide

 

What you get
  • Minimum MK50,000.00, Maximum MK3,000,000.00
  • Customer can access facility maximum of 4 times a year (once a quarter/ 3 months)

 

  • How to get it
  • What it costs
  • What you get
  • 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

A flat fee of 4% min MK 11 500.00

2020 Pricing Guide

 

  • Minimum MK50,000.00, Maximum MK3,000,000.00
  • Customer can access facility maximum of 4 times a year (once a quarter/ 3 months)