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Salary Checkoff Loans Online
Typically it takes between 6-24 hours from the time you click “Apply” to when you receive the funds if your loan is approved.
Once you have submitted your loan application, you will find out if your application is approved, or we’ll request that you provide further documentation, within the application period.
Once you have been approved for a loan and sign your loan documents, it will take 1 hour for you to receive the funds in your bank account.
We want the details of your bank account for two reasons. Your Mwananchi Credit Limited loan monies will first be placed there! Second, we may safely and automatically remove payments from your bank account if we are unable to deduct them from your paycheck. This is also the form of repayment we’ll apply if you leave your job before paying off your loan in full.
There are no application fees, fees to get your loan, or fees to pay off your loan early.