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Kray Microfinance > Our Services > Salary Advanced Loan

Salary Advance Loan

A perfect Loan for Salary Earns to get things done

This is a personal loan product offered to salaried individuals in selected private companies. It is an emergency solution to counter immediate cash needs that come mid-month as the customer waits for pay day.

It’s instant and is payable at the end of the month or on pay day. We offer up to 30% of the customer’s net salary.



Loan Features
  • Loan repayment period is on pay day or not past end of the month
  • Application, disbursement and repayment is through the mobile phone
  • We offer up to 30% of the customers net salary
  • Customer has to be a regular income earner (salary or pension)
Loan Requirements
  • Valid National ID
  • Valid work ID
  • A bank statement for 3 months where at least 3 salary payments made to the account
  • Undertaking from the employer to inform KRAY on any changes to employment status.
  • Permanent employment for at least six (6) months
  • A copy of the appointment letter/ employment contract
  • A standing order in favor of KRAY

With a salary advance scheme, you become part of the other 36% who don’t run out of money before payday. You get to bridge the gap between your bills and your budget, and therefore take better control of your money. If that sounds like something that suits you, simply refer FlexEarn to your HR department and we’ll arrange an appropriate salary advance scheme with them.  

Our Services

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