Salary Loans/CAG salary loans
Loan Products
Salary loans are granted to workers who receive a fixed income at the end of every month. The salary loan is available to workers in private companies and the public sector. These loans may be granted to those whose monthly salary is paid directly through the Bank. Public sector workers who are paid directly by CAGD can also apply for salary loans even if they bank with other financial institutions.
Features
- Competitive interest rate
- No collateral is required.
- An applicant may not necessarily receive his/her monthly salary directly through the Bank but must open a current account which will serve as a settlement account.