Salary Advance

With access to 50% of your salary, every day can be pay-day with the Sterling Salary Advance. It is available to salary earners who have their salary accounts domiciled in the Bank.

Features

  • Domiciliation of salary for at least three (3) months
  • Monthly clean up cycle
  • Competitive pricing

Requirements

  • Hand written application letter
  • Duly executed consumer Loan application form
  • Customer's Debt Service Coverage Ratio (DSCR) should not exceed 33.33% (i.e. loan instalment divided by income)
  • Salary and terminal benefits domiciliation form to be executed by the applicant's employer in favour of the Bank
  • Life insurance policy of 1% of the loan amount

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