Salary Advance
With Yoma Bank’s Salary Advance feature (available through SMART), you can borrow the money you need for shortages and emergencies. Get up to 30% of your paycheck deposited directly into your SMART account and pay it back when you get paid.
Features and Benefits
A Financial Safety Net
With an advance of up to 30% of your salary, Salary Advance provides the additional funds you need to cover unexpected shortages
Hassle-free Repayment
Payments automatically deducted from your SMART account from next month’s salary
Low, one-time fee
Pay only one fixed administration fee with every approved Salary Advance
Requirements
- Applicant must be over the age of 18
- Have pre-approval from your employer to receive a Salary Advance
- Must receive your salary as a direct deposit into your Yoma Bank SMART account every month through your employer’s use of the Yoma Bank “payroll services”
- Must have received your salary into your Yoma Bank SMART account for at least one month already
- Must not have any outstanding loans or debts with Yoma Bank
- Must not have any negative payment history with Yoma Bank
Administration Fees
| Amount |
Service Fees |
| <= 80,000 |
1,500Ks |
| <= 160,000 | 3,500Ks |
| <= 320,000 | 6,000Ks |
| <= 400,000 | 10,000Ks |
| <= 500,000 | 14,000Ks |
Easy, Four-Step Application
USD
