Group loan is where group solidarity is used to guarantee the loan; group loan is offered to employees of companies that have domiciled their employee’s salaries into FinBank.
Eligibility criteria for a Group Loan
- Form or join a group of colleagues.
- Confirmed Staff (with minimum 6 months in employment with the current employer.
- Contracted staff with facility maturing before end of contracts.
Enjoy the benefits of a Group Loan
- No collateral needed.
- Guarantor ship from group members.
- Flexible loan term up to 60 months.
- Loan insurance against death and disability.
- The loan is delivered within 5 working days from the date all applications are received.