Salary backed Loans are available to staff of approved institutions. In order to access this facility, the applicant must have an account with the Bank. The loan is arranged through a Memorandum of Understanding (MOU) with the borrowers’ employers.

The employer only facilitates repayment of the loan by simply deducting the loan repayment amount directly from the employee’s monthly salary and remitting it to the Bank.

The Bank can advance loans to qualifying staff members with maximum repayment instalment of 60% of net salary per month.