Salary Advance Loan
The Salary Advance Loan is a short‑term overdraft facility designed to provide employees with quick access to funds when needed most. It is available exclusively to customers whose salaries are regularly paid through Commerce & Mortgage Bank.
Description
This loan product allows eligible customers to access funds instantly to resolve urgent financial challenges, without the need for collateral or equity.
Features & Benefits
Access to funds for unlimited financial needs
No equity required
Simple and convenient application process
Requirements
Irrevocable domiciliation of salaries, allowances, or terminal benefits
Tenor
Maximum repayment period: 30 days
Eligibility
Customers with active salary or operating accounts at CMB
Target Market
Employees of reputable counterparties whose salaries are regularly paid through Commerce & Mortgage Bank