|Skye Salary Express|
Skye Salary Express Account is a salary advance product geared towards meeting the unforeseen urgent demands of salary earners before payday. Surveys have shown that the needs arise under two categories: short term and long term. Two streams of the proposed product have been developed to cater to these needs.
This applies for a 30 day overdraft against salary payment
This applies for up to 1 year.
The product would address all categories of salary earners from both the private and the public sector with a steady monthly income. Only confirmed staff of organisations will be eligible for the Skye Salary Express.
The salary advance cuts across all viable sectors of the economy, i.e. reputable organisations in the education sector, manufacturing, telecoms, insurance, banks, Oil and Gas, Government Parastatals, Professional Bodies etc. These organisations must be financially sound with a steady inflow of funds into the company’s Salary account.
Individuals using the Quick Advance option will be those needing funds for short-term urgent needs. The advance will be serviced by monthly inflows of salary payments into the customer’s account.
The Stretch Advance option would be targeted towards customers needing a more substantial sum to cater for large seasonal payments such as rent and school fees or for purposes of investment, among other uses.