What are the requirements for the loan?

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• What are the requirements for a Salary Advance Loan?

  Eligible employees should be included in the employee list uploaded by the AR in the system. Once your name is included in the list and your account is activated you are now able to apply for the loan.

• How Do I renew my loan?

  To renew your loan, you need to pay your previous loan in full.

• 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.

• 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.