Employer Supported Loans
This is a type of Loan given to individuals who are working and are on a payroll.
An agreement is entered between Nyasa Capital Finance, Individuals and employers.
The loan is given to an employee and the repayments are deducted from employee by the employer.
The employer then pays Nyasa Capital Finance for settlement of the account.
EMPLOYER SUPPORTED LOAN AND SALARY ADVANCES REQUIREMENTS
Salaried employees loans to enhance their livelihood
At least 3 latest months’ pay-slips to ensure that the monthly loan instalment is not more than 50% of take home money as per Employment Act requirement.
Employee ID where necessary
Employer support letter
Verification of repayments by employer. The employer assumes the role of repaying the loan
LOAN REQUIREMENTS
National IDs,
Pay slip,
Letter of undertaking and
Utility Bills.
Employer Guarantee Loans ranges from K100,000 to a maximum of K1,000,000