Salary Advance

The Salary Advance product is designed to provide employees with quick access to funds before their payday. This product is ideal for individuals who need immediate financial assistance but want to repay once they receive their salary.

  • Salary Advance Weekly: This option allows employees to access a portion of their salary on a weekly basis and repay after receiving their earnings.
  • Salary Advance Monthly: This option offers a more extended repayment period where the advance is repaid monthly, giving employees more time to pay back.

Note: The Salary Advance product provides quick financial relief by enabling employees to manage urgent expenses, with flexible repayment options based on their pay cycle.

About the product

  • Advance Amount Range: KES 2,000 to KES 20,000
  • Eligible Clients: Employees with a stable income
  • Disbursement Time: Immediate, within a few hours of application
  • Repayment Period: Begins after the next salary payment
  • Repayment Structure: Payable in 2-4 installments, depending on the amount
  • Requirements:
    • Active employment with a verifiable income source
    • A valid government-issued ID
    • Recent payslip or salary statement
    • Bank account details for disbursement