Salary-Loans

We also avail salary loan to employees of approved organisations / Public institutions that have signed the memorandum of understanding with us.

The qualifying organisations must:-

• Be registered.
• Have a minimum number of 20 permanent employees.
• Have been in business for more than five years without any backruptcy threats.
• Not be involved in illegal trading and gambling business.

Main features of Salary Loans:

• Monthly charge is 5% covering interest and other charges.
• One off processing / application fee of 2% of loan ammount (includes insurance fees).
• Minimum loan ammount of 500,000 /=
• Maximum loan ammount is 10,000,000 /=
• Repayment period of 3 – 24 Months

Benefits

• Manageable loan installments base on the borrower’s net salary.
• Loan processed within 2 days
• Top up loan available
• Regular payments but lump-sum payments is negotiable

Requirements

The following documentation needs to be attached to the loan application form

• Current pay slips ( 3 months)
• Bank statement (3 months )
• Appointment letter
• Confirmation letter
• Letter of understanding from employer to guarantee monthly deducations and transfer of ammounts to PLC investments Ltd account from borrower’s salary and any terminal benefits in cas of change of employment
• Identity card from current employer & voters card.
• A sketch map to borrower’s residence.