NMB Bank now offers salary advances to individual clients employed by companies in the NMB approved schemes and would have received their salaries through the bank for a minimum period of six months..


Terms and conditions 

  • Qualifying age - 18 to 60 years
  • Minimum Loan Amount - $80
  • Maximum Loan Amount- $10,000
  • Tenor - Up to three months
  • Source of repayment - Salary
  • Debt Burden Ratio - 50% of net salary after deduction of loan instalment.
  • Arrangement fees - 0.5% of the loan amount with a minimum of $10.
  • Insurance - 1% of loan amount with a minimum of $10.
  • Interest rate - 18% p.a.


NB: This facility is non-revolving