Individual product
Salary Advance
Immediate, very short-term finance for salaried workers, repaid from salary.
Who it is for
Salary earners whose employment is confirmed and who are paid regularly by a reputable employer.
Recommended collateral
Post-dated cheque, standing payment order (Remita) or third-party guarantee
Risk acceptance criteria
- Confirmed employee of a reputable employer
- Repayment will not exceed 30% of post-tax salary
- No non-performing loan with any lender
- Verifiable means of identification in addition to BVN/NIN
- Guarantor with verifiable income
