The MOU Loan offered by Lloyds Capital is a Salary Advance check-off product designed for employees of both private companies and the public sector. The loan is secured against an employee’s net monthly salary and processed in partnership with their employer. Through this arrangement, the employer deducts the agreed loan repayment amount directly from the employee’s salary and remits it to Lloyds Capital.

This product is a short-term financial solution that provides employees with quick access to funds when they need them most. With affordable interest rates, flexible repayment terms, and fast disbursement, the MOU Loan is ideal for meeting urgent financial needs. The loan amount is determined based on the employee’s net monthly salary, with repayment terms typically ranging from one to three months.

To access this facility, Lloyds Capital signs a Memorandum of Understanding (MOU) with the employer, which sets out the loan terms and repayment arrangement. Employees then submit a simple application alongside the required documentation. Once approved, the funds are disbursed directly into the employee’s account, with repayments made conveniently through a salary check-off system.

Lloyds Capital also provides loan restructuring options and interest waivers for early settlement, ensuring customer satisfaction and financial flexibility.