PAYDAY LOAN

REQUIREMENTS/CRITERIA

You need the following to be eligible for Payday Loan product:

• Facility range from 50,000 to 3,000,000 depending on the salary.
• Loan amount entitlement is 1/3 of the net monthly salary.
• Saving and Current account required
• Applicant cheques required.
• Work ID and other valid means of identification.
• 3 months statement of account of the beneficiary
• 2 solid guarantors. They must be work colleagues with the beneficiary, and must provide valid ID cards and cheques.
• Repayment through Direct Debit Mandate (DDM) or cheques.
• Interest rate of 4% monthly.

REPAYMENT DETAILS

• Repayment frequency: Monthly.
• Duration: 6 months.

HOW TO APPLY

• Visit any of our Branches to obtain a loan form or download the form online.
• Have the filled form scan to customerservice@seapmfb.com
  
• Visit our branch for identification and verification if you downloaded the loan form online