Retail/Personal Salary Loan
SIB offers Salary
Loan which is a type of personal loan offered to salaried employees, where repayment is deducted directly from the employee’s monthly salary. It is designed to
provide quick financial assistance for personal needs, with repayment structured around the borrower’s income schedule.
Key
Requirements
- Applicant must have an active salary account with SIB for at least three (3) months
- Recommendation letter from current employer (HR)
- Provide a working guarantor
- Interest rate is 12% per annum
