Loan Product

Employee Loan

The Employee Loan facility offers company staff funds to meet financial emergencies. Our rates are competitive and payment mode encourages responsible lending. Companies sign a memorandum of understanding with VFD-MFD and commit to making remitting payment to us from their staff salaries.

Features include

  • Highly competitive interest rate
  • Funds available within 6 working hours of application
  • Payback period of 12 months
  • Repayment deductions made by the company from salary