I am interested in the

Perfect for emergencies, the Pay Day Advance gives you access to quick cash when you come into a need for it before your salary checks in.

Why choose the Pay Day Advance

Repayment terms are flexible

Has friendly interest rates

Quick turnaround time between request and access to loan

Eligibility / Documents Required

  • Must have been an SBM account holder for the past 1 month
  • Confirmed permanent/contract employee with a monthly income and is not on the probationary period
  • Should have received at least the last 1 salary through SBM Bank
  • No unauthorized overdrawn positions
  • No unpaid items
  • Nil arrears in existing or related accounts
  • Amount sought should not affect or impact ability to meet loanrepayment obligations.

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Rates & Fees

 

  • Maximum facilitated - 50% of monthly net pay
  • Processing fees - 10% collected upfront with a minimum or floor rate of Kes.500
  • Zero interest rate charged
Pay Day Advance