Best Microfinance, NO 1 Davodani

Salary Loan

This is a type of loan given to salary earners only to take care of their emergencies before pay day.


  • Monthly repayment
  • Highly competitive interest rate
  • Quick access to facility
  • Maximum tenor of 12 months
  • Monthly loan repayment amount must not be more than one-third of net monthly salary


  • Borrower must have an account with the bank
  • Borrower must be an employee of a well-structured organization
  • Borrower must be between the age of 18 and 55 years
  • Borrower must be a confirmed staff of the organization


  • Duly completed loan application form
  • Provision of a valid means of identification of the borrower and the guarantor
  • Recent utility bill not more than 6 months
  • Two recent passport photograph of borrower and the guarantor
  • Six months bank account statement up to application date of the borrower and a guarantor who must be a senior colleague
  • Letters of employment and confirmation of the borrower
  • Duly signed cheque leaves of the borrower and the guarantor