Salaried Loan

Loan offered to salaried employees of reputable organizations and /or companies whose mode of salary payment is through monthly remittance of net salary by the employer to the borrower’s salary account held at MCBL

Benefits;

  • No collateral/mortgage.
  • Faster processing speed.
  • Affordable and attractive interest rate.
  • You‘ll be looked after, at all time, with personalized service from a dedicated loan officer.
  • Lump sum payments or pre-payments of two or more installments from other incidental income are accepted.
  • The monthly installments are deducted from employee’s emoluments by employer, relieving the borrowers from coming to the bank to make their repayments.
  • The loan can be used to finance customers’ needs like payments of medical bills, payment of household utility bills and purchase of land, purchase of house hold furniture and financing any other domestic needs.
  • Repayment period ranges from three month to 60 months giving a wider choice for a borrower to position his or her repayments frequency enabling client to have small and manageable repayment installments.