Are you looking for a quick loan to cover your expenses until your next paycheck arrives but don’t know where to look? Salary advance loans have been introduced by Suntrust Bank for employees whose salaries are domiciled with them.
If you have been employed for at least six months, you are now eligible for an advance salary loan.
It was created to provide a quick and easy way to get a loan when you need one without having to go through the humiliation of asking family and friends for money.
If you work for private companies or government agencies and have active SunTrust bank salary accounts, you can get up to 50% of your earned pay before payday with SunTrust bank salary Advance, allowing you to better match costs throughout the month.
SUNTRUST BANK REQUIREMENTS FOR A SALARY ADVANCE LOAN
1.A minimum salary of N25,000 should be earned by the applicant.
2.The applicant’s salary must be held at SunTrust Bank.
3.Applicants in paid employment must have worked for their current employer for at least six months and be a confirmed member of their team.
5.Fully completed application
6.Employer Confirmation Form/Completed Employee Status Inquiry
7.Confirmation Evidence (Letter of Confirmation, Last promotion letter etc.)
8.A copy of your employment identification and a valid form of identification
9.Checking your credit history
HOW DO I GET A SALARY ADVANCE LOAN FROM SUNTRUST BANK?
Employees whose salaries are paid by Suntrust Bank can visit any branch for more information on the application process.
You might also be interested in: How To Withdraw Money From A Nigerian Bank ATM Without A Card.
WHAT’S LOAN ALL ABOUT FOR YOU?
1.The loan is usually for a short period of time and comes with interest rates, though they are subsidized.
2.Pay up to 50% of your net monthly salary in advance.
3.A 30-day tenor. Monthly renewal.
4.No security is required.
4.A minimum wage of N 25,000 in the public sector and N 50,000 in the private sector.
5.Within 24 hours, the salary advance will be available.