Salary Check-off Loans

Salary Check-off Loans

Ease up your company cash flow and deploy it in revenue generating activities; in the meantime, allow us to cater to your employees emergency credit and salary advance requirements. This is a non-cash benefit to your staff that allows them up to 60% access of their salaries at incomparable interest rates. The downside of not having a salary advance credit facility for employees is that, it exposes them to ‘informal lenders’ who are known to charge exorbitant interest rates, leaving the employee in a vicious cycle of debt. Consequently, employee productivity dips.

Step 1
A Memorandum of Understanding (MoU) is signed between the Company and Taslimu Capital Ltd (TCL). The MoU does not bind the Company financially. Contact us for the sample MoU.
Step 2
The Company will market this product to its staff. Staff willing to join the ‘Salary Advance’ scheme will be required to sign a form giving irrevocable authority to Company’s Human Resource to remit amounts due to TCL.
Step 3
TCL will set up the staff on its USSD platform *483*333# allowing signed up staff access convenient access to affordable financing 24/7 in case of emergency. Funds will be credited to individual’s MPESA wallet immediately upon request (net of interest and charges).
Step 4
On a monthly basis, the Company will be required to remit amounts owing to TCL from employees’ payroll.

Pay Insurance Premiums At Your Convenience With Up To 7 Monthly Installments Pay Insurance Premiums At Your Convenience With Up To 7 Monthly Installments

Documents Required

Signed Memorandum Of Understanding (MOU) between TCL and the company

Employees copy of IDs

Employees signed letters of irrevocable authority and stamped by the company.

Certified schedule from the Company showing staff net salary.

Simple Interest Calculator

Monthly Payment
Total Interest
Total Amount

How can we help you?