Salary checkoff loans

Our salary checkoff and civil servant loans is available to teachers employed by the Teachers Service Commission, policemen employed by National Police Service (NPS), health workers employed by the Government (Doctors, Nurses, clinical officers

Salary checkoff loans calculator

Get up to 3 Million today !!!

Monthly interest rate = 2.5% | Terms and conditions apply | Contact us

Salary checkoff loans

Our salary checkoff and civil servant loan is available to teachers employed by the Teachers Service Commission, policemen employed by National Police Service (NPS), health workers employed by the Government (Doctors, Nurses, clinical officers

Salary checkoff loans calculator

Get up to 3 Million today !!!

Monthly interest rate = 2.5%
Terms and conditions apply | Contact us

Who is Eligible?

A Kenyan Woman is excited after getting a salary advance approval from Mwananchi Credit Limited

Salary checkoff loans

For Civil servants; TSC officials and county government officials.

Mwananchi Credit Limited is a credit only finance company focused on solving the root cause of financial stress: a lack of employee savings, caused by high levels of high-interest personal debt. With Mwananchi Credit Limited, employees pay down their existing debts (like credit cards or payday loans) by replacing them with a single, low-interest employee loan repaid directly from their paycheck. Since repayment is taken automatically through payroll deduction, it’s easy to implement and administer ongoing. The Mwananchi Credit Limited team is also your partner in employee engagement to help make sure you’re reaching the employees in your organization who need it most.

 

Mwananchi Credit Limited is a credit only finance company focused on solving the root cause of financial stress: a lack of employee savings, caused by high levels of high-interest personal debt. With Mwananchi Credit Limited, employees pay down their existing debts (like credit cards or payday loans) by replacing them with a single, low-interest employee loan repaid directly from their paycheck. Since repayment is taken automatically through payroll deduction, it’s easy to implement and administer ongoing. The Mwananchi Credit Limited team is also your partner in employee engagement to help make sure you’re reaching the employees in your organization who need it most.

Salary Check Off Loans Frequently Asked Questions - FAQs by Employees

Mwananchi Credit Limited products are available to employees of our partner employers. We’d love to partner with your employer to make Mwananchi Credit Limited available to you and your co-workers! Please contact us and provide an HR point of contact, and we’ll take it from there!

 

To be eligible for a Mwananchi Credit Limited loan, your employer must be a Mwananchi Credit Limited partner.

If your employer is a partner, there are a few eligibility criteria you’ll need to meet to apply. You must be at least 18 years of age, have a valid Social Security Number etc.

Once you’ve applied, approval of your loan application will depend on a number of additional factors. That includes employment data verified by your employer, your credit history, and other information you’ll submit on your loan application.

A Mwananchi Credit Limited loan is an unsecured personal loan that should be used solely for personal, family, or household purposes. Most of our borrowers take out their loan to pay down existing, higher-cost debt, like credit cards, payday loans, or medical bills. Your Mwananchi Credit Limited loan can be used for expenses like real estate, business purposes, purchases of securities, or post-secondary education expenses.

I’m not sure I’ll qualify for a loan. Can I add a co-applicant to my application?
We do not currently allow for joint applications. However, given our partnership with your employer, we are able to offer loans to applicants who may not qualify for loans from traditional lenders, since the repayment is taken automatically from your salary.

If you are offered a loan, your interest rate will be based on your credit and employment history. The rate is fixed for the duration of your loan.

No, your Mwananchi Credit Limited loan has a fixed interest rate for the full term of your loan. Your interest rate will not change if you leave your employer, either.

Typically it takes between 6-24 hours from the time you click “Apply” to when you receive the funds if your loan is approved.

Once you have submitted your loan application, you will find out if your application is approved, or we’ll request that you provide further documentation, within the application period.

Once you have been approved for a loan and sign your loan documents, it will take 1 hour for you to receive the funds in your bank account.

If you leave your employer, your interest rate and repayment schedule will not change. Your loan repayments will be withdrawn automatically and securely from your bank account on file, if you authorized Mwananchi Credit Limited to do so during the loan application process. If you did not sign up for bank repayments during your application, contact us to arrange an alternate repayment method.

If your payday with your new employer is different from your existing loan repayment schedule, please contact us and we’d be happy to modify your repayment schedule to match the timing of your new payday.

No, loans are provided by Mwananchi Credit Limited. When you make a loan repayment, you are paying back the lender.

No. There are no application fees, fees to get your loan, or fees to pay off your loan early.

 

There are two reasons we need your bank account information. First, that’s where your Mwananchi Credit Limited loan funds will be deposited! Second, in the event we aren’t able to take repayments from your paycheck, we can securely and automatically withdraw repayments from your bank account. This is also the repayment method we’ll use if you leave your employer before you fully repay your loan.

Your loan amount is determined based on a number of factors, including your credit report, your employment history, and the affordability of your loan payments. In some cases, we are unable to approve loans for the full amount requested but we still want to help, by offering you a lower loan amount. This smaller loan is a great way to build and improve your credit because it helps ensure you can make timely payments. Over time, this can help improve your credit score, and makes it more likely that you will be approved for a larger loan amount in the future.

To make additional payments on your Mwananchi Credit Limited loan, please contact us.

 

Please contact us with your new bank account information and your most recent statement from that account. We’ll follow up with further instructions once you’ve provided that information.

We’re happy to help you pay off your Mwananchi Credit Limited loan early! Please contact us to let us know the date you’d like to process the payoff, and allow one business day for us to process that payment.

Members are only eligible for one Mwananchi Credit Limited loan at a time. In order to be able to apply for another loan, your existing Mwananchi Credit Limited loan must be paid off first. Please note that paying off your existing loan does not guarantee will be approved for another loan. Your new application will be assessed based on your personal circumstances at the time of the new application.

While making timely payments should help improve your credit history over time, we cannot guarantee approval for a larger loan amount after repaying your previous loan, as all new applications are assessed based on your employment and credit history at the time of your new application.

Once your final payment has been processed, you will receive an email notification letting you know that you are now eligible to apply for another loan.

We encourage you to contact us as soon as possible if you become unemployed or your personal circumstances change such that you can’t afford your regularly scheduled payments. As part of Mwananchi Credit Limited, we have solutions available to help our members during times of financial hardship.

Mwananchi Credit Limited products are available to employees of our partner employers. We’d love to partner with your employer to make Mwananchi Credit Limited available to you and your co-workers! Please contact us and provide an HR point of contact, and we’ll take it from there!

 

To be eligible for a Mwananchi Credit Limited loan, your employer must be a Mwananchi Credit Limited partner.

If your employer is a partner, there are a few eligibility criteria you’ll need to meet to apply. You must be at least 18 years of age, have a valid Social Security Number etc.

Once you’ve applied, approval of your loan application will depend on a number of additional factors. That includes employment data verified by your employer, your credit history, and other information you’ll submit on your loan application.

A Mwananchi Credit Limited loan is an unsecured personal loan that should be used solely for personal, family, or household purposes. Most of our borrowers take out their loan to pay down existing, higher-cost debt, like credit cards, payday loans, or medical bills. Your Mwananchi Credit Limited loan can be used for expenses like real estate, business purposes, purchases of securities, or post-secondary education expenses.

I’m not sure I’ll qualify for a loan. Can I add a co-applicant to my application?
We do not currently allow for joint applications. However, given our partnership with your employer, we are able to offer loans to applicants who may not qualify for loans from traditional lenders, since the repayment is taken automatically from your salary.

If you are offered a loan, your interest rate will be based on your credit and employment history. The rate is fixed for the duration of your loan.

No, your Mwananchi Credit Limited loan has a fixed interest rate for the full term of your loan. Your interest rate will not change if you leave your employer, either.

Typically it takes between 6-24 hours from the time you click “Apply” to when you receive the funds if your loan is approved.

Once you have submitted your loan application, you will find out if your application is approved, or we’ll request that you provide further documentation, within the application period.

Once you have been approved for a loan and sign your loan documents, it will take 1 hour for you to receive the funds in your bank account.

If you leave your employer, your interest rate and repayment schedule will not change. Your loan repayments will be withdrawn automatically and securely from your bank account on file, if you authorized Mwananchi Credit Limited to do so during the loan application process. If you did not sign up for bank repayments during your application, contact us to arrange an alternate repayment method.

If your payday with your new employer is different from your existing loan repayment schedule, please contact us and we’d be happy to modify your repayment schedule to match the timing of your new payday.

No, loans are provided by Mwananchi Credit Limited. When you make a loan repayment, you are paying back the lender.

No. There are no application fees, fees to get your loan, or fees to pay off your loan early.

 

There are two reasons we need your bank account information. First, that’s where your Mwananchi Credit Limited loan funds will be deposited! Second, in the event we aren’t able to take repayments from your paycheck, we can securely and automatically withdraw repayments from your bank account. This is also the repayment method we’ll use if you leave your employer before you fully repay your loan.

Your loan amount is determined based on a number of factors, including your credit report, your employment history, and the affordability of your loan payments. In some cases, we are unable to approve loans for the full amount requested but we still want to help, by offering you a lower loan amount. This smaller loan is a great way to build and improve your credit because it helps ensure you can make timely payments. Over time, this can help improve your credit score, and makes it more likely that you will be approved for a larger loan amount in the future.

To make additional payments on your Mwananchi Credit Limited loan, please contact us.

 

Please contact us with your new bank account information and your most recent statement from that account. We’ll follow up with further instructions once you’ve provided that information.

We’re happy to help you pay off your Mwananchi Credit Limited loan early! Please contact us to let us know the date you’d like to process the payoff, and allow one business day for us to process that payment.

Members are only eligible for one Mwananchi Credit Limited loan at a time. In order to be able to apply for another loan, your existing Mwananchi Credit Limited loan must be paid off first. Please note that paying off your existing loan does not guarantee will be approved for another loan. Your new application will be assessed based on your personal circumstances at the time of the new application.

While making timely payments should help improve your credit history over time, we cannot guarantee approval for a larger loan amount after repaying your previous loan, as all new applications are assessed based on your employment and credit history at the time of your new application.

Once your final payment has been processed, you will receive an email notification letting you know that you are now eligible to apply for another loan.

We encourage you to contact us as soon as possible if you become unemployed or your personal circumstances change such that you can’t afford your regularly scheduled payments. As part of Mwananchi Credit Limited, we have solutions available to help our members during times of financial hardship.

Salary Advance Requirements

Make an Inquiry on Salary Checkoff Loans

Salary Advance Frequently Asked Questions - FAQs by Employers

Mwananchi Credit Limited is a credit only finance company focused on solving the root cause of financial stress: a lack of employee savings, caused by high levels of high-interest personal debt. With Mwananchi Credit Limited, employees pay down their existing debts (like credit cards or payday loans) by replacing them with a single, low-interest employee loan repaid directly from their paycheck. Since repayment is taken automatically through payroll deduction, it’s easy to implement and administer ongoing. The Mwananchi Credit Limited team is also your partner in employee engagement to help make sure you’re reaching the employees in your organization who need it most.

 

We do not charge employees any application, origination, or early repayment fees. Offering Mwananchi Credit Limited salary advances is 100% free for employers.

Our multi-rate model is designed to be the most inclusive on the market, and to offer value to applicants with a range of incomes and borrower profiles.

We recommend that employers offer 12 month loan terms.

We have created an inclusive, responsible, and employee-friendly underwriting model, driven by a focus on affordability and employment history and the minimization of employer risk. We strive for high acceptance rates across our client base. Any employees who cannot be approved are directed to non-lending resources. Because we are able to validate employment data with the employer, we are able to accept more people at lower rates than traditional lenders.

 

Mwananchi Credit Limited is extremely flexible and is designed to ensure an optimal, empathetic experience for the employee and the employer at all times. This includes offering payment holidays (or similar solutions), seamless transition to and from repayment methods for departing employees, and maintaining enormous sensitivity for any change in employees’ circumstances over the course of their loan repayment.

 

Mwananchi Credit Limited is responsible for all aspects of the loan application, approval, and customer support. No employer involvement is required to ensure employees have a seamless experience. Employees can contact our dedicated support team via web form, email, or phone.

 

From our experience of launching with dozens of large employers, we know how critical it is to get communications right – both at launch and at the most suitable moments throughout the year. We work extremely closely with our partners to design and implement a communications strategy that maximizes engagement, impact, and positive change among your employees at launch and ongoing. Our team will produce these customized communications assets for you at no charge. We also ensure that this process is as straightforward as possible. The ease with which this benefit co-exists among your wider benefits offering is something which we pride ourselves on.

 

Congratulations !!!

Get up to 25 Million today!

Congratulations !!!

Get up to 25 Million today!

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