F.A.Q
What service do you offer?
Instant Loan Limited is specialized in providing Instant fund to our valued customers.We offer:
CONSUMABLE LENDING at 2 %
K500 - K10,000
REFINANCING at 1.7%
K3000 - K10,000
Normal Loan Requirements
1. 3 x current Pay Slips (stamped by payroll division)2. HR confirmation Letter (confirming employment status, annual salary & allowance to be certified by Senior Human Resource Personal ONLY)
3. Valid Employment ID
4. Bank statement of primary salary account (recent 1 month as at date of application)
5.Permanent Variation Advice [PVA]/Irrevocable Salary Deduction Authority (ISDA)
Who can apply?
We lend only to Government employees who are on the Alesco Payroll. Public Servants who are not on the Alesco Payroll system are not eligible.
We also lend to employees of state-owned Enterprises (SOEs) that are connected to the Alesco Payroll System.
2 % NORMAL LOAN / LOAN PRODUCT 1
| PRODUCT | AMOUNT | PER % | PERIOD |
| 1 | K500 - K2000 | 2% | 13 FN |
| 1 | K2050-K5000 | 2% | 26 FN |
| 1 | K5000-K10,000 | 2% | 39 FN |
1.7 % REFINANCE LOAN
| PRODUCT | AMOUNT | RATE | PERIOD |
| 4 | K3000-K5000 | 1.7% | 26FN |
| 4 | K5050-K10,000 | 1.7% | 39FN |
1. Refinancing with an INCREMENT:
(Increment is 30% of the refinance amount under same rate of 1.7 %; normal interest rate will apply on increment amounts exceeding 30% threshold and to be repaid over same repayment period as refinance amount)
2. Increase your NET SALARY (Replace existing higher repayments amount based on higher interest rates with affordable repayment plan)
3. MAKE SAVINGS
