MayFord - Salary Loan

Our Salary Loan is Ideal for any salary earner who needs finances to advance their needs. It ranges Monthly from 1 - 36 Months

It is offered to salaried employees of reputable organizations or companies whose mode of salary payment is through monthly remittences of net salary by Employer to MayFord Limited

This product is mainly to support short term needs like acquisition of assets and meeting day to day living expenditure


MayFord Salary Loan gives you endless possibilities and the freedom to do the things you want or have to do. We give you the funds at competitive interest rates and repayment starts one month after you draw on the loan, at equal instalments.

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Salary Loan

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Fast Track Your Projects

MayFord Salary Loan enables Salaried Employee meet their needs. Get an instant Salary loan today.

Deduction At Source

Salary Loan is administered through an agreement between MayFord Limited and any participating organization. In most cases, repayments are made directly from payroll to MayFord Limited

Get financing for whatever you need now

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Features of Salary Loan

All loans are not created equal, Salary Loan has become a great option for people to use.

Faster Loan

Get your loans processed in minutes.

Choose your amount

We let you choose the loan best suited for you. All charges are communicated up front in writing along with the loan quotation.

Enjoy the best rates

Our loan rates and charges are very attractive , no hidden fees.

Decide your tenure

We offer payment plans that meet your schedules.

Salary Loan - Eligibility

Any salaried employees of professional Public and Privat companies, Government sector employees including Public Sector is eligible for our Salary Loan.

Age

Maximum age of applicant at loan maturity: 45 years

Income

Minimum Net Monthly Income: Ugx 1,000,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

We accept early repayments. Fees and Waivers at point of repayment can be discussed with our loans department

At any point as you service your loan we allow for refinancing. This would be inform of recapitalisation funds to add onto the ealier loan taken

You are eligible to apply for the business loan once you meet the requirements below

  • Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
  • Audited accounts for at least three financial years, prepared by a Certified Public Accountant, with an unqualified opinion.
  • Management Accounts for the most recent concluded month.
  • Projected Cash flows for the period of financing.
  • Valuation report for the property/ assets to be pledged as collateral.
  • Business Plan/ Updated Company/ Business profile.
  • Any other information as may be requested by us, depending on the nature of the request.

CROWN HOUSE First Floor - Room 4, Plot4A, Kampala Road, P.O Box 508 Kampala, KAMPALA-CENTRAL DIVISION

Get a Quote

Now apply for a Salary Loan online, All you need to do is provide your details below application form.

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