Frequently Asked Questions
Salary Advance FAQs
What type of loan does GS Cash Advance offer?
1. Salary Advance ( Cash Advance)
2. Short term loan (6 months loan)
3. Bridging finance
What are the requirements to access a cash advance?
- Anyone in formal employment who receives a monthly payslip from their employer and have a bank account.
- Applicant must produce formal identification. This could an National registration card or A driver’s license or a Passport
- Two (2) latest payslips
- Two (2) month’s latest bank statement (stamped by the bank)
- Employer pre-approved letter
How long does it take to get a salary (cash) advance?
- Anyone in formal employment who receives a monthly payslip from their employer and have a bank account.
- Applicant must produce formal identification. This could an National registration card or A driver’s license or a Passport
- Two (2) latest payslips
- Two (2) month’s latest bank statement (stamped by the bank)
- Employer pre-approved letter
When can I apply for a Salary (Cash) Advance?
With all the above requirements met a cash advance is processed in less than 20 minutes.
About Short Term Loan
Who is eligible for a short term loan?
We are currently only offering short term loans to companies we have an MOU with.
How can one apply for a short term loan?
- Short term loans are currently only offered to customers from companies that currently have an MOU with GS Cash Advance.
- Customers can visit any of our branches with an official identity card, 2 months latest pay slips, 2 months latest bank statement and an approval letter from their supervisor.
- Our approval process takes less than 20 minutes. If all required terms and conditions are met the loan is processed immediately.
Repayment
How do I make payments?
- Payroll Collection (for short term loans)
- Direct debit payment
- Cash repayment