Qualifications and Requirements
Target Group Salaried employees with a salary account with the bank.
- 3 months payslip
- Letter of salary undertaking or loan deduction from the employer
- Must have worked for at least 3 years with the employer
Up to 3 times gross salary
Personal consumption (i.e. Purchase of personal needs such as fridges, cookers,dining set, bedroom set, sofas, holiday, etc).
36 months, maximum
- Early redemptionpermissible
- Prepayment allowed.
- Loan re-advance after 12months repayment allowance
- Interest payment can be on annuity or linear basis.
All branches of NBS Bank
- Allows you to finance your consumer needs through salary deductions
- Allows you to shorten your long term finance needs.