Salary Advance Loans

 

Bridge the gap between paydays with ease.

What is a Salary Advance Loan?

A Salary Advance Loan from Elite Wallet Limited gives you early access to part of your salary before payday. It’s designed to help cover unexpected expenses like medical bills, transport, school fees, or urgent family needs — without waiting for month-end.

Key Features

  • Quick Access – Get funds within hours of application.

  • Flexible Amounts – Borrow up to 40% of your net salary (subject to employer agreement and eligibility).

  • Short-Term Repayment – Repay automatically on your next payday.

  • Affordable – Competitive interest and one-time processing fee.

  • Convenient – Disbursed directly to your M-Pesa or bank account.

Who Qualifies?

You qualify if you:

  • Are a permanent employee with a signed employer agreement (MOU) with Elite Wallet.

  • Have worked at your current job for at least 3–6 months.

  • Can provide your latest payslip and valid National ID.

  • Meet the affordability checks under the 1/3 salary rule.

Loan Limits & Terms

  • Loan Amount: From KES 2,000 up to 40% of your net monthly salary.

  • Repayment: Deducted directly from your next paycheck.

  • Interest Rate: Competitive, charged on a flat or reducing balance basis.

  • Processing Fee: Small, one-time deduction upon disbursement.

How It Works

  1. Apply Online / Through HR – Submit your application with ID and payslip.

  2. Verification – Elite Wallet confirms your salary details with your employer.

  3. Approval & Disbursement – Loan is disbursed to your M-Pesa or bank within 24 hours.

  4. Repayment – Automatically deducted from your next salary.

Why Choose Elite Wallet Salary Advance Loans?

  • No stress of waiting until payday.

  • Transparent terms — no hidden charges.

  • Simple, paper-light process with fast turnaround.

  • Partnership with your employer ensures smooth deductions.

Responsible Borrowing

Salary Advances are short-term facilities meant to cover emergencies and urgent needs. Borrow only what you need and ensure repayment to maintain a healthy credit record with Elite Wallet.

FAQs

Q: Can I apply for a Salary Advance if my employer has no agreement with Elite Wallet?
A: No. Salary Advance Loans require a formal MOU between your employer and Elite Wallet for payroll deduction.

Q: How much can I borrow?
A: Up to 40% of your net salary, depending on affordability and employer policy.

Q: What happens if I leave my job before repayment?
A: The outstanding loan must be cleared immediately, either directly or through your final dues.

Q: Can I apply for multiple Salary Advances?
A: Only one Salary Advance facility is allowed at a time. A new application can be made after clearing the current one.

👉 Apply Now — Get your Salary Advance Loan today and enjoy peace of mind before payday.

APPLY LOAN NOW