Salary Loan

Loan facility offered to salaried employees of reputable organizations or companies whose mode of payment is through regular remittance of net salary by the employer to the borrower's salary account with Centenary Bank. Only employees of organizations or companies that have been approved by Centenary Bank can access this loan facility.

Basic Requirements:

• Applicants must have a salary account with Centenary Bank.
• Employment on permanent terms for a minimum period of one year.
• Original copies of salary pay slips for two months prior to application.
• Additional security may be required by the Bank on a case- by-case basis.
• Minimum of at least 2 net salary remittances made to account prior to application.
• Copy of employment appointment letter and contract.
• Application fee of UShs. 5,000.

Benefits:

• Faster processing speed.
• Loan finances numerous purposes desired by the applicants.
• Manageable loan instalments whose amounts are based on the borrowers net salary.
• Attractive interest charged.