Lloyds Capital Limited offers MOU Loans, a Salary Advance check-off product designed for employees of private companies and the public service. The loan is secured against the employee’s net monthly salary and processed in partnership with their employer, who deducts the loan amount directly from the employee’s salary and remits it to Lloyds Capital Limited.

The MOU Loan is a short-term salary advance that provides employees with quick access to cash for urgent financial needs. It features affordable interest rates and flexible repayment terms, with the loan amount determined by the employee’s net monthly salary and a typical repayment period of 1 to 3 months.

To access an MOU Loan, the employer and Lloyds Capital Limited sign a Memorandum of Understanding (MOU) outlining the terms and conditions. The employee submits a loan application along with the required documents, which are processed within a few hours. Once approved, the funds are disbursed directly to the employee’s account, and repayment is handled via a check-off system. Lloyds Capital Limited also offers loan restructuring and interest waivers on early settlement to ensure customer satisfaction.