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
  • Interest rate 25% per month
  • Insurance fees 4% 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
  • Currents payslip and proof of employment

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