About the product
Katapila and Banki Mkhondes are the order of the day at most work places in the recent times. Katapila or money sharks would charge up to 100% interest per month while Banki Mkhondes demand between 20% - 30%. While formal banks offering pay day loans are charging between 20% - 30% per month, FMC pay day loan is designed and meant to rescue employees from this trap. FMC Payday Loan is only at 10% per month. No any other charges are levied on this loan facility. Minimum loan amount is MK10,000.00 and the debt service capacity determines the limit or MK1.0Million.
The facility is available to employees regardless of their employment status. The facility is meant to entirely relieve employers of the cash flow and management burden of abrupt loans which ordinarily may not fit into any criteria. This product is designed largely for all staff especially those in the shop floor to Middle and senior managers who need cash quickly and pay on payday. The employee will submit a quick Application Form in a prescribed format and submit through the employer attached the previous month payslip and copy of a National ID. The loan shall be approved within 4 hours and money disbursed through a direct transfer to a bank account. The online submission of the application for Payday Loan is highly preferred than the manual one. Customers are encouraged to submit their applications through the Customer Service Portal. The entire loan including interest shall be recovered the same
The facility is available to employees regardless of their employment status. The facility is meant to entirely relieve employers of the cash flow and management burden of abrupt loans which ordinarily may not fit into any criteria. This product is designed largely for all staff especially those in the shop floor to Middle and senior managers who need cash quickly and pay on payday. The employee will submit a quick Application Form in a prescribed format and submit through the employer attached the previous month payslip and copy of a National ID. The loan shall be approved within 4 hours and money disbursed through a direct transfer to a bank account. The online submission of the application for Payday Loan is highly preferred than the manual one. Customers are encouraged to submit their applications through the Customer Service Portal. The entire loan including interest shall be recovered the same
Price
10% per month
Contact with supplier
Company