Best Point Salary Loans Interest Rate
Salary Loans
Loans for employees of both public and private institutions.
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Types
- Employee Loan Scheme
- Government/Public Payroll Employees
- Private Company Employees
Features
- Applicant must be between the ages of 18-55 years
- Must be a confirmed staff
- Term: Up to 36 months
- Debt Service Ratio: Maximum 40%
- Competitive interest rate
- Less cumbersome procedure
Requirements
- Valid NationaiiD and Staff ID
- Last 3 months pay slip
- Employer undertaken
- 1 guarantor
- Salary must be routed through BPSL where applicable
- Security may be required
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