How Do I renew my loan?

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• I’m interested in renewing my loan but I have an existing loan. Do I need to pay my existing loan in full?

  Yes, for SweldoNa Salary Advance loan, you need to pay any existing loan before you can apply for another loan.

• Can I apply for a loan even if I have an existing loan?

  Yes. You may apply for a renewal if you have already paid at least more than 50% of your original loan.

• What loan can the company apply for?

  There are three available options for your company. Business Expansion Loan SweldoNa Salary Advance Loan for your employees PaymentNow Receivalble Financing (PO Funding) PaymentNow Equipment Financing

• How Do I get my loan?

  Once the contract of loan and authority to deduct (COLAD) is signed by both you and your company representative, you will receive your loan proceeds in your bank account within 24 hours.

• Can an employee pre-terminate his loan?

  Yes, however there's a fee for pre-terminating the loan. It shall be 5% of the remaining unpaid principal.