An advance through the phone to finance budget deficit/discreet personal needs
Appraisal is done through the mobile lending credit system.
Minimum amount 1,000/=
Maximum amount 50,000/=
The loan amount will be determined as follows;
• Maximum credit will be up to 75% of total BOSA Savings
• Maximum eligibility for salary earners will be = (75% of net salary) x (repayment period)
• System works out and communicates the maximum amount to qualify
Duration of loan is as follows
Maximum 3 months as follows;
- Between 1,000 to 10,000 -1month
- Between 10,001 to 20,000 -2months
- Over 20,000 – 3months