[Salary Advance]
  • It is a salaried loan where its target group is Government employees.
  • It’s mostly for emergence purposes but can also be used to cater for short term needs such as school fees and any other need which is legal.

Features

  • Must have salary account with MCB where salary should PASS at least ONCE
  • Maximum loan amount is 50% of net salary.
  • Maximum repayment period = 1Month

Benefits

  • 0% Loan Application Fee
  • 0% Life insurance: 0%
  • No Collateral/Security, Just Customers salary passing through Mwalimu bank is enough
  • 0 % Interest

Lending