Salary Advance

Salary Advance


Overview

  • › A facility designed for salaried members to secure small amounts of short term needs repayable within one year.


Features

  • › Loan is available to all salaried members who channel their salaries through Mentor Sacco.
  • › Loan Term 12 months
  • › Amount depends on a member´s net salary


Benefits

  • › Allows members to borrow further on their net salaries
  • › No security required
  • › Few minutes disbursement
  • › Can be topped up before maturity


Requirements

  • › Be a Kenyan citizen with a valid National ID or Passport
  • › Latest original pay slip
  • › Salary must have been channeled through Mentor Sacco