
For Private Sector Employees
Loan offered to the salaried employees of private whose mode salary payment is through monthly remittance of net salary by the employer to the borrower’s salary account held at MHB
The product requires an agreement between the Employer and MHB. Once this is in place, you can easily apply for loan to purchase household assets, finance incidental expenses like school fees and any other family Obligations.
For any Employee of the private sector will compulsory require to channel his/her salary to the Bank.
To reduce risk, Employees from private companies can be requested to provide additional collateral (on case-to-case basis)
Features:
- Must attained majority age i.e 18 years
- Employee must be employed on a permanent basis or under a contract of at least years
- Applicant must open and operate account with MHB
- Employees must have worked with the employer for not less than 6 months or longer and must be confirmed in the position
Benefits:
- Eligible for MHB Card
- Access to salary Advance loan
- Easy access of fund 24/7 days using MHB Mobile Banking, MHB Branches and MHB ATMs partnered with Umoja switch all over the country
- Easy process for opening account