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Our Loans BFS Loan Product

Private Payroll Loan

Payroll-backed financing offered to employees of private-sector employers and partner companies.

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Who can apply?

Eligible applicants

Employees of private-sector partner companies

Loan AmountBased on salary and assessment
Loan PurposePersonal or household financing needs
Loan TermUp to 36 months
RepaymentVia payroll deduction
Features

Payroll-backed financing offered to employees of private-sector employers and partner companies.

  • Personal or household financing needs
  • Term: Up to 36 months
  • Repayment: Via payroll deduction
  • Reviewed during assessment
Benefits
  • Reviewed by a dedicated BFS branch and risk team, not an automated decision
  • Clear repayment schedule agreed before disbursement
  • Ongoing support from your account officer through repayment
  • Transparent terms with no hidden charges
Requirements

Eligibility

  • Employees of private-sector partner companies
  • Fully completed loan application form
  • Local government identification
  • One passport photo of the applicant
  • Valid National ID or other acceptable identification
  • Bank statements relevant to the loan type

Collateral

  • Reviewed during assessment

Documents

  • Fully completed loan application form
  • Local government identification
  • One passport photo of the applicant
  • Valid National ID or other acceptable identification
  • Bank statements relevant to the loan type
  • Photos or documents of collateral where required
FAQs

Questions about Private Payroll Loan

Who can apply for the Private Payroll Loan?

Employees of private-sector partner companies.

How much can I borrow?

Based on salary and assessment.

How long do I have to repay?

Up to 36 months, repaid via payroll deduction.

Ready to apply?

Start your Private Payroll Loan application now.

Fill in a short online form with your details and the amount you need. The BFS team will contact you to confirm documents, assess repayment capacity, and guide you through the next steps.

Start Application
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