Pay- Day Loan
Service/Product target (who is the user in mind)
Salaried employees – middle and low income earners
Product Attributes/ Features: How does the product work
- 50% of net pay
- Available in multiples of K10,000
- Min – MK30,000
- Max – MK1,000,000
- Repayable on next pay day – within 30days.
Benefits to the Customer/user
- This is an umbrella on a rainy day – instant loan.
- Available on strength of a letter of introduction only.
Costs to access the product
Commission depending on the amount
How to access product
- Available to NBM account holders.
- Fill a credit application form
- Submit latest payslip
- Letter of introduction
Terms and conditions
Customer to provide for repayment.