Personal Loans
Access Capital Solutions provides loans to individuals through different products that are designed to suite a client's needs. These loans enable individuals to meet their needs which may include medical bills, fuel expenses and many other unforeseen circumstances. These products are available to individuals through four products namely
Application Requirements for Payroll Deductible loans
- National Registration Card
- Three(3) latest payslips
- Pre-approval documents from (HR/Finance)
- Three(3) latest bank statements
- Introductory letter
Personal Loan We Offers
We will provide you with a loan product that meets your financial need in the shortest time possible by striving to make funds available to you within 24 hours of a successful application.
Payroll Deductible
Access Capital Solutions provides short term credit facilities to employees of Companies that enter into a Memorandum of Understanding (MOU) for payroll deduction loans. Access Capital Solutions Limited offers superior service with a short processing time. The process is simple and funds are disbursed within 24hours of a complete application being received. The repayment is collected via monthly payroll deduction from the employer.
Salary Advances
This product is designed for clients who face unforeseen circumstances such as untimely illness, deaths of friends or members of the family, shortage of money for groceries, transport, etc. before their salaries are paid. The process is simple and funds are disbursed within 24hours of a complete application being received. This products’ repayment period is one to three months and the payments are collected via DDACC.
Home Improvement
Home Improvement Loans offered by Access Capital Solutions Limited range from K5,000 to K250,000 and the repayment terms are a maximum of 24 months. These Loans are secured by a Company Guarantee or pledge of pension/provident fund benefits or assets. The repayments are fixed and you are to make an early settlement of the loan. The repayments are collected via DDACC.
Academics Loan
Academic loans are available to students or their sponsors to finance their fees. These loans enable clients to pay their fees within the required time and avoid the inconvenience of being blocked from attending classes or writing exams due to the inability to pay fees at that particular time. The loans are short term and specific in nature with different approval conditions attached.
Personal Loan Procedures.
This procedure outlines the step by step procedure for payroll deductible loans.
The Employer Must Sign An MOU With Us
The MOU will enable the employer to facilitate payroll deductions of loan facilities and pay the amount to Access Capital Solutions.
Loan Application
An employee will be required to bring the
following:
• National Registration Card • Three(3) latest pay slips
• Preapproval documents from (HR/Finance)
• Three(3) latest bank statements
• Introductory letter
Application Review
• Reviewing that employees income is within the MOU conditions • Credit reference Bureau checked • Reconfirmation of employment status • Loan approved and disbursed within 24 hours
Loan Repayment Every 30 Days
• ACS sends repayment schedules to employer • Employer effects deductions on payroll system • Transfer of consolidated deductions to ACS • Repayments are captured on client accounts.