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Requirements for CABS salary based loan
- You should be a CABS account holder
- Your current payslip
- A Confirmation Letter of Employment
Loan conditions of CABS’ salary based loan
- Maximum amount to borrow
The maximum amount you can borrow is subject to the CABS’ discretion and is also determined by your salary.
- Interest rate
45% per annum
- Maximum repayment period
The loan is repaid in monthly installments and it should be paid up in 36 months regardless of the amount you borrow.