Do you currently have a running check off loan with us but have an emergency and are in need of cash quickly? This is the ideal solution/facility for you.
What is Emergency Check-off?
- Enjoy a repayment period of up to 60 months
- Access amounts from Kes. 10,000 up to Kes.500,000
- No guarantors required to secure the loan
- If you are currently on probation, you can access amounts up to Kes.100,000
- Three original current consecutive payslips (certified by the employer)
- Original and copy of your National ID
- Duly filled loan application form
- Monthly check-off by the Corporate/Institution
- Two Guarantors who must be from the same employer (if pay point is not with Faulu)
- Net income after loan deduction must not be less than 1/3 of total net income
- Duly executed MOU