MICROFINANCE
Personal Loans are available to civil servants earning and not earning their salaries through POSB to cater for emergencies, small asset acquisition, and general living expenses.
School Fees Loans can be accessed by individuals who require quick financial assistance to cover school fees and other school-related expenses.
Benevolent/ Emergency Medical Services Loans are accessible to individuals or groups of up to 3 people to help meet funeral expenses or unforeseen medical expenses.
Cash flow/ Group Backed Loans are available to individuals or groups running small/ informal projects which require working capital funding.
Express Loans Microfinance Loan Application Requirements
- Original Identity Document such as National ID, Passport, or Driver’s License and a clear photocopy of the same.
- Current proof of residence.
- Current proof of permanent employment.
- Applicant must meet the minimum net salary/income requirement.
- Original and clear copy of current payslip.
Benefits
- Low interest rate.
- Longer repayment period.
- Short turnaround time for processing loan applications (24hours).
