These are overdraft loans given to BancABC existing clients to clear any emergency uprising in a given period of 1 month according to the pay date.
Conditions include:
- Repayment period 1 month
- Insurance fees 2.39% of the loan amount
- Quantum of loan (Max) 40% of Net Salary excluding non-recurrent allowances
- Turnaround time 48 hours
- Disbursement channel bank account transfers
The requirements are as follows:
- One copy of national ID
- Next of Kin ID
- Current payslip and proof of employment