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Salary Advance
Salary Advance
The Salary Advance Loan gives members opportunity to access short-term credit based on the net proceeds processed through FOSA
Features
- Salary/proceeds must be processed through savings account
- Maximum repayment period of 3 months
- Interest rate of 7% p.m. reducing balance
- Maximum loan of up to Ksh. 100,000. Any amount below Kes 10,000 will not require guarantors
- Flexible loan security such as guarantors
- Salary advance monthly repayment shall not exceed 50% of the net pay processed through FOSA
Need Quick Access to Your Salary Before Payday?
Our Salary Advance service provides fast, affordable access to your earnings, helping you manage urgent expenses with ease and peace of mind.