Salary Advance
Overview
For when emergencies happen.
Need a quick loan until your next payday? We have a solution for you. Our Salary Advance Loan is an affordable option to get an instant loan of up to 50% of your salary through SimBanking.
For when emergencies happen.
Need a quick loan until your next payday? We have a solution for you. Our Salary Advance Loan is an affordable option to get an instant loan of up to 50% of your salary through SimBanking.
FAQs
No, eligible customers must apply through the Simbanking Application.
The interest charge is collected on payday.
The maximum loan duration is one (1) month
Yes, early payment is allowed by manual payment through the Simbanking Application and USSD.
You can pay manually by using Simbanking Application/USSD by log in and select Salary Advance repayment.
Yes, by depositing money into your salary account then log into the Simbanking Application and command repayment.
Yes, the top-up is allowed, the minimum amount for each top-up is Tzs 50,000/=
You can borrow as many times as you wish if you have fully paid the existing loan.
Yes, as long as a customer can access the Simbanking Application.
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