National Building Society (NBS) salary based loans

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Requirements for applying for a National Building Society loan

  • You should have been receiving your salary in a National Building Society for at least 3 months.
  • 3 months bank statement
  • Your current payslip
  • A copy of national ID, Passport or Driver’s license
  • Confirmation Letter of Employment

The Confirmation Letter should be written your current residential address

  • Proof of residence or lease agreement

Loan Conditions of Nationa Building Society’s salary based loan

  • Maximum amount to borrow

Up to 8.5 times of your net salary

For instance, if your net salary is $1000, the maximum amount you can borrow will be ($1000 x 8.5) $8500

Between 31% to 35%

  • Maximum repayment period

The salary based loan is repaid monthly for 60 months regardless of the amount you borrow.

  • Loan top-up after 6 months

You can borrow more money after making monthly payments for 6 months.

  • Other loan fees

The establishment fee or origination fee or loan application fee is $250

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