The FirstBank Salary Overdraft (SODA) product is a cash-based credit facility designed to assist employees of stable and reputable organizations to access some part of their monthly salary to cater for personal commitments in the shortest possible time without having to wait for pay-day. It is simple, easy and straightforward.
Features
• Maximum amount of GH¢15,000.00 subject to 40% of applicant’s Net Salary
• Maximum facility tenor is 90 days
• Employer to confirm the bank will receive applicant salary in that month
Benefits
• Allows employees to access some part of their monthly salary to cater for personal commitments in the shortest possible time
• Competitive interest rate
Required Documents
• Application letter
• Payslip (Applicant’s net monthly income should be minimum of GH¢800)
• Applicant should be in full time employment for at least 6 months
• Applicant should not be more than 55 years
• Applicant should have a salary account with FirstBank, with at least 6 months’ salary domiciliation
• New applicant must move their salary account to FirstBank, with at least 2 months’ salary domiciliation in addition to 6 months’ current bank account statement from previous bankers
• Applicant to submit a copy of his/her Social Security National Insurance Trust fund (SSNIT) card
Who Can Apply
• Confirmed salaried workers who have immediate financial needs
To apply for a Personal Loan Against Salary,
• Download the Personal Loan Application Form
• Complete the form and submit at the nearest FirstBank branch