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Salary Loans

This credit facility is granted to salaried account holders who receive their salaries through the bank monthly.


The applicant shall satisfy the following

  • Shall be 18 years and above with a sound mind
  • Shall be a customer of the bank for at least Three(3) months with the salary channeled  through the Account
  • The Non – controller salaried customers shall qualify for salary loan after three months of consistent in flow of salary into his Account (3) No monthly charges
  • Shall have the employers to endorse the undertaking form to ensure that the employee’s Salary continues to be paid through the bank within the loan period


  1. Application letter (printed /Handwriting)
  2. Loan Application Form (Employers Undertaking )
  3. Guarantor’s form Duly signed by both the guarantor and the applicant
  4. 2 passport-sized pictures of both the applicant and the guarantor
  5. Statement of account of the customer(system generated)
  6. A valid national ID &Tin certificate (Passport/ Driver’s license/Voter’s ID/NIA card/SSNIT card)
  7. Residence permit & non-citizen card (where applicable)

Loan Disbursement

  • The Applicant shall read and sign the notification to indicate his / her acceptanceEase of accessing cash
  • The loan Shall be disbursed into the applicant’s Account

Duration of Loan

The duration of the loan shall not exceed 36 months for the salaried customers on Controller and Accountant Generals payroll and 2

4 months for clients not on CAG payroll. However, there may be exceptions.

Security /Collateral 

a. The applicant shall provide personal guarantors

b. Employer’s Undertaking

c. Any other security deem fit

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