Salary Backed Loans
This is an employer arranged and guaranteed facility that provides personal loans for employed professionals, Self-employed individuals and Pensioners, and is tailored to meet the needs of customers who require short to medium term financing. The facility is availed via credit worthy and reputable organizations whose overall risk profile has been analysed and vetted to COFI's satisfaction.
- Maximum Loan Term - 12 Months
- Maximum Loan Value - According to the Applicant's capacity to repay from salary.
- Loan is deducted from source of income
- Effective interest rate on reducing balance.
- Accessibility: Product is offered within your workplace community without travelling long distance.
- Faster : Loans are processed within the same day
- Affordable : Interest rates are competitive
- Contract as evidence for employment or Self-employment
- Employee Identification
Other Loan Products
The loan facility targets non-salaried individuals but with a defined source of income and operating in groups. More details