Salary Advance Loan
A Salary Advance is a short-term loan
advanced to a salaried customer depending on the bank’s profile of them, to
help them meet their emergency need. Repayment period for this loan is up to 12
months.
Great features
- Flexible repayment period of up to 12 months
- One can borrow 4 times of the net pay
- Flexible collateral requirements
- Quick loan processing
What you require to sign up
- One must be in employment and have an active AIB account
- Salary to have been remitted through an AIB account for at least 3 consecutive months
- One must provide financial information (3 recent copies of pay slips, latest bank statements showing at least 3 months of salary remittances and a copy of your financial card)
Why you should sign up for this product
- Lasts longer, simple requirements
- Client obtains credit hence easing increase in liquidity
- Flexible