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