Banking | Mortgage | Real Estate

Refuge Salary Advance Scheme (SALAD)

Get 80% of Your Salary Upfront within 24 hours of applying.

The Refuge Salary Advance Scheme (SALAD) offers you the needed funds to meet your urgent personal financial obligations such as house rent, school fees, hospital bills, traveling expenses, burial expenses, etc. You have control over the spending.

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Turn Your Housing Estate Into an Exquisite Structure

We offer a strategic partnership helping you to fund well-timed projects that enhance your neighborhood’s aesthetics, infrastructure and market value.

This product focuses only on financing expenditures that aim to improve the external ambience of the existing estate through the following:

Asset Acquisition

Improvement of Facilities

Redevelopment of the
Estate

Upgrading of Infrastructure
within the Estate

Product Basic Features

The following are the basic features of Salary Advance Scheme (SALAD):

Up to 80% of net monthly salary
Attractive interest rate
Tenor-next payday
One working day processing and disbursement
Provision for instant renewal at expiration

Pre-Approval Requirements

The following are the Pre-Approval requirement of Salary Advance Scheme (SALAD):

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Fast Disbursement

Time is of the essence, as we know you might want to use funds for emergencies. The money is disbursed within a few hours of applying for the loan, without much paperwork, helping you navigate unforeseen circumstances with ease.

Convenience and Flexibility

We have made this stress-free, flexible, and convenient for you. You can choose the amount that suits your needs and you decide how to spend the advanced funds, allowing you to prioritise your needs and pay when you are paid.

Responsible Borrowing

Unlike traditional loans, SALAD avoids the burden of high interest rates and long repayment terms. You only repay a portion of your upcoming salary, promoting responsible borrowing and preventing debt accumulation.

More Beneficial Products

Rent to Own Advance Product

Rent to Own Advance is a consumer loan product targeted at employees of structured organizations in the private sector and NGOs of the economy whose salary accounts are domiciled with Refuge Mortgage Bank to access funds to their dream house and pay over a period.

Finance for Professionals

Refuge Finance for Professionals (REF-P) is a risk asset product for individual professionals. It is meant to create a strong bond between the clients and the bank through support and financing.

Commercial Mortgage Financing

Our Commercial Mortgage Financing product allows shop owners with duly proof of ownership to access funds to meet their business’s working capital needs.

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Build with confidence and unlock the full potential of your next development project.

Choose Refuge Mortgage Bank. Choose advancement.

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