Retail/Personal Salary Advance
SIB Salary Advance is an overdraft facility aimed at providing quick financial assistance to salaried customers to cover personal expenses and emergencies before salary is paid.
Who Can
Benefit?
SIB customers who receive
monthly salaries through their accounts.
Repayment Term?
1
month, or by the next salary payment date.
Conditions
- Salary must be domiciled with SIB.
- Human Resource (HR) of customer's institution must validate and sign off, confirming employment status and any existing indebtedness.
- Customers can access up to 75% of their net salary.
