Sketchway Salary Loan

Are you salaried and in need of a financial boost? Come to Sketchway for a salary loan with affordable and flexible payment terms.

 Terms and Conditions

• Maximum Amount: Depends on the net pay and capacity to pay back
• Maximum Period: 6 months
• Interest Rate: 10% reducing balance
• One must provide financial information (3 recent copies of pay slips, latest bank statements showing at least 3 months of salary remittances and a copy of your financial card)
• Guarantors: 2 guarantors; one of whom should be the HR of the organisation of the organisation where you work from or the immediate supervisor
• Must provide a copy of your employment contract and appointment letter
• Collateral needed include;
  a) Land title
  b) Car log books
  c) Any other tangible property Security Evaluation: search on both land title and car log book to be done at the cost of the loan applicant
• In case of mortgaging and caveating the costs are borne by the borrower bears

NOTE:

Before you decide to borrow money – whether it is to pay the bills or buy a luxury item – make sure you understand the loan agreement fully. Know what type of loan you’re receiving and whether it is tied to any collateral you own.

Agree with the lender on your repayment terms/plan: what your monthly obligation will be; how long you have to repay the loan; and the consequences of missing a payment. If any part of the agreement is unclear to you, don’t hesitate to ask for clarifications or adjustments.

Finally, be sure the loan repayments fit comfortably in your budget