This is a very short term personal loan to BPR clients whose monthly salary is paid through their BPR accounts. It is meant to help clients who are in immediate need for money to cater for emergency expenditures, as they await their end of month payment. This is meant to be a quick loan offered in not later than 24 hours.

Loan terms and conditions:

Eligibility:

 All workers whose monthly salary is paid through BPR are eligible for this loan;
 The borrower has to be a trustworthy client of the bank for at least one month;
 The borrower must present a salary statement signed and stamped by the employer (Valid for one year).

Terms:

 Loan amount:Half (50%) of monthly salary (after excluding all outstanding installments on other loans for the month under consideration);
 The loan cannot be granted before the 10th day of the month;
 Repayment:Total loan is paid back in one installment by automatic deduction from the borrower’s salary at the end of the month;
 Loan processing and disbursement: in not later than 24 hours:

o Client is only required to fill an adapted form available at the branch;

o Client takes the form to his/her employer for signature and stamping;

o This signed form is valid for a period of one year.