Pay Day Loan
Short-term loans repaid on your next payday.
This is a short term loan meant to cater for the immediate cash requirements during the course of the month, payable on the next pay day.
- Tenure
- Within a month
- Target market
- Clients in formal employment
- Maximum amount
- K5,000
- Application fees
- 3.5% of loan amount (insurance inclusive)
- Security
- GRZ employees – Pay slip (PMEC)
- Employees from reputable organisations for which we have an MOU – Pay slip
- Employees from institutions not listed above – Collateral
