Salary Advance

The salary advance product is a permanent overdraft for a renewable contractual period of one year, granted to employees with a stable and regular income in a reputable company of good standing.
In case of need, the employee who has subscribed to the program can, with peace of mind, carry out debit operations (at the counter, by check, or bank card) up to the authorized overdraft amount, which is 30% of the net monthly salary transferred.

ADVANTAGES

An adapted formula to deal with unforeseen expenses.

Speedy processing of the application.

Loan at preferential interest rate

No interest (overdraft charges) paid in case of non-use of the overdraft

Protection of dependents through insurance coverage (account insurance)

Flexibility and simplicity in current account management.

FEATURES

Risk acceptance condition

Being a holder of a BRIDGE BANK GROUP COTE D'IVOIRE Checking Account

Having a salary equal to or greater than 500,000 XOF

Being a civil servant, private sector employee, in a public company, or in a reputable institution.

The employer must benefit from an approval from Bridge Bank Group Côte d'Ivoire

Being the beneficiary of an open-ended employment contract (CDI) or a fixed-term contract (CDD) covering the period.

Having a seniority of at least six (6) months with their employer or six months in the case of changing employers.

Nature of loan

Salary advance

Type of facility: Short Term

Duration: 12 months. Renewable;

Individual authorization limit: 30% of the net salary transferred.

Renewable by tacit renewal.

Cost of credit

Minimum gross interest rate: 12% Excl. Tax

Processing fees: 3% Excl. Tax of the facility amount

Associated product: Account insurance, the premium depends on the guaranteed capital. It varies from 10,000 XOF to 40,000 XOF

Repayment

Monthly transfer of the salary or any other deposit to the employee's deposit account.

The salary advance is a revolving credit that is replenished with each repayment.

The guarantees

Irrevocable commitment letter for salary domiciliation issued by the employer

Client's subscription to a disability-death insurance policy with delegation to the benefit of BRIDGE BANK GROUP CI

Documentation

Subscription form (three copies),

Individual insurance form (three copies)

Signed salary domiciliation commitment by the employer,

Work certificate,

Salary statement (three copies).