- Posted by: Administrator
- Category: Finance
Civil servants can now apply for the Mwananchi credit salary check-off loan. Civil servants have been the backbone of the nation for decades contributing to some of the most critical sectors. They have also been beneficiaries of credit facilities from different organizations and their investment acumen has been responsible for the development of most satellite towns in Kenya.
Mwananchi Credit has identified this market and tailor-made the salary check off product for the very people who invest in various businesses by giving them the ability to continue their investments and continuing our mission of investing in people.
Mwananchi Credit at the moment offers the lowest interest rate in the market with the longest repayment period around up to 84 months.
Who Qualifies for Salary advance loans?
The Check Off Salary advance loans are available to all civil servants from across the country In Healthcare, Education, county governments, and Defense forces among others. These loans are given against the salaries earned hence no security is required.
How Much Can I Borrow?
Once you apply for the salary check off loan, we will calculate how much you are eligible to borrow depending on your basic salary. We currently have a minimum salary advance borrowing amount of Ksh 3,000 and a Maximum of Ksh 2 Million.
How Long Can I Borrow For?
You can borrow for a minimum of 3 months and a maximum of 84 months.
Salary Check off Loan Application Requirements
- Clear copy of Original I.D.
- One Colored passport size photo
- 2 Months salary statement
- Appointment letter/Job ID
- Current pay slip as downloaded from the system
Teachers Salary Advance Loans
This facility is available to all teachers employed by the Teachers service commission (TSC). We are currently offering the service to all teachers from all localities in Kenya.
Once you apply for the salary check off loan, we will require the applicant to send us their pay slips which we use to calculate the ability to come up with a figure we can be able to give the applicant. The applicant then chooses the duration of the loan and we offer a repayment schedule and the loan form. Once filled the loan will be disbursed in 6 hours.
National Police Service Salary Check Off Loans
The facility is available to all policemen employed by the National Police Service (NPS). Any police officer is, therefore, qualified to apply for the loan based on their basic salary. We will require the applicant to send us their pay slip which we will use to calculate their ability for the salary advance loan after which we will offer a loan application form. Once the form is duly filled Mwananchi Credit will disburse the loan in just 6 hours.
Doctors & Health Workers Salary Check Off Loans
Mwananchi Credit Salary advance loan is available to all health workers employed by the government. This includes doctors, Nurses, Clinical officers etc. The applicant is required to send their respective pay slips to enable us calculate their ability.
Salary Check off Loans for County Government Employees
Mwananchi Credit has signed MOU’s with most of the counties in Kenya meaning all county employees are eligible to apply for the salary check off loan facility. The service is available across all the counties in Kenya with flexible rates.