Salary Advance
Salary advance is a short-term loan open to all salaried employees who have an account with Family Bank. You can receive up to 50% of your previous month’s net salary. This loan is payable upon receipt of the next month's salary. Salary advance is now available to our customers via PesaPap mobile application and at all Family Bank ATMs.
Features
- Access up to 50% of your net salary
- Loan repayment period of up to 45 Days
- Commission charged – 10% (+ Excise Duty – 20% of Commission)
- Top-up on existing salary advance available up to maximum limit
Benefits
- Easy application process – no forms needed
- Amount advanced is immediately available in the account
- Applicant eligible for a new loan immediately outstanding advance is settled
- Available on Pesa Pap mobile banking app
Requirements
- Salary payment to be processed through an account held with Family Bank
See also
Salary Loan
Borrow money for the things you need
Mobile Loan
Affordable instant mobile loans
