Salary Loan

Salary Loan

A salary loan is a type of personal loan that is offered to an individual by SLCB on their salary or income. This type of loan is typically unsecured, which means that the borrower does not need to provide any collateral to secure the loan. The amount of the loan is usually based on the borrower's salary or income, and the repayment terms may be structured to coincide with the borrower's payday. The repayment period for a salary loan is usually shorter than other types of loans, typically ranging from a few months to a year. Interest rates for salary loans can vary depending on the lender and the borrower's creditworthiness.