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Loan Type

KC Salary Advance

KC Salary Advance

This facility allows staff on the payroll of a company or organization to have access to loan facilities while deductions are made from the source. This type of loan is for gainfully employed individuals. It is structured within a repayment period of 3 months – 12 months.

Requirements for KC Salary Advance Loan:
  • Applicant to open an account with KC MFB
  • Applicants valid id card (nin/voters card/int’l passport/drivers license)
  • Letter of introduction and commitment to deduct repayment from source written by the applicants employer
  • 4 passport photographs of applicant
  • Applicants work ID card, employment letter and/or confirmation letter
  • Current utility bill of place of residence (within the last 3 months)
  • Applicants bank statement of account (minimum of 6 months)
  • Duly filled loan application form
  • Undated cheque leaves of applicants and guarantor (s)
  • Any other relevant documents to support your application
  • 1 Guarantor from same place of work required and to produce - (Work ID card, valid id card, house utility bill and passport photograph)

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