Executive Salary Loans
The Executive Salary Loan is designed for middle and top executives of well‑established companies whose salaries are regularly paid through Commerce & Mortgage Bank. It provides immediate access to funds to meet personal financial needs without the requirement of equity.
Description
This loan product offers executives flexible financing to cover personal expenses, with convenient repayment terms and no collateral required.
Features & Benefits
No equity required
Immediate access to funds
Unlimited use of funds for personal needs
Requirements
Operation of a salary account with Commerce & Mortgage Bank
Employer’s awareness and confirmation letter
Tenor
Maximum repayment period: 3 years
Eligibility
Customers with active salary or operating accounts at CMB
