CRDB Microfinance Services Ltd: Salary Loans

Salary Loans

Targeted Clients:

Employee based Microfinance institutions with reliable and stable repayment sources from reputable employer.

Product Benefits:

  • Hefty Loan amount: loan amount depends on member’s ability to repay the loan without violating labour law and MFI’s credit policy.
  • Fixed repayment instalment: Repayment  through fixed monthly  instalments from salary deductions:
  • Competitive Interest rates: Interest rate on salary loan is affordable and competitive
  • Availability of Grace Period: Grace period will be applicable where necessary.
  • Longer repayment period: Borrower can choose a repayment period of up to five years.
  • Easy Security requirements: The loan is secured by employer’s guarantee.

Eligibility Criteria:

Bank affiliate MFI with employer’s guarantee to secure loans sourced by his/her employees.

For more information, contact a nearest CRDB Bank branch

Last Updated: Tuesday, 01 June, 2010