Public Servants' Personal Loan
Parliu Finance Limited offers personal loan for public servants and State-Owned Enterprises (SOEs) who
are salaried fortnightly. Consumer loan is offered in 24 hours aims to support parents and guardians to
pay for school fees, medical expenses, travel, birthday event, other personal needs, etc. The loan
enables the individuals to spread one-off costs of personal needs into easy and manageable
repayments.
Public Servants’ Loan Product Specification
| Product Name | Consumer Loan |
| Interest Rate | 2% per fortnight at 13, 26 & 39 (above 39 to 52 fortnights we do it on application at 2%) |
| Loan Term | K500 – K2,000 - Fixed at 13 fortnights K2,050 – K5,000 – Fixed at 26 fortnights K5050 – K10,000 – Fixed at 39 fortnights |
| Fees and Charges | Loan Processing fees from K500 – K5,000 is K20. Above K5000 is K40 |
| Requirements | Please attach the following essential requirements for our loan assessment: 1. 2 x Current Pay Slips (stamped and signed by Payroll Division) 2. Valid Employment ID (as at current date) 3. Permanent Variation Advice [PVA])/ Irrevocable Salary Deduction Authority (ISDA) 4. Bank Statement of primary salary account (recent 1 month as at date of application with current pay included) 5. HR Confirmation Letter (confirming employment status, annual salary & allowance to be certified by Senior Human Resource Personnel ONLY) |
| MOST IMPORTANT: To be eligible, the client must have access of 50% of debt service deductible of net pay. If 50% is used up, then we proceed with refinancing. 7. Refinancing purposes – provide the loan statement UpToDate. |
