CHECKOFF LOAN
Short-term financing for employees of companies with a checkoff arrangement with Pivot Finance.

ABOUT CHECKOFF LOAN

  • Pivot Finance partners with private companies to allow their employees access convenient and affordable loans. 
  • Monthly loan repayments are deducted directly from the salary by the HR and remitted to Pivot Finance.
  • This loan facility is accessible to employees of companies that have a check-off arrangement with Pivot Finance.

CHECKOFF LOAN FEATURES

Financing

Up to a third of your net salary

Loan Limit

Kes. 5,000 to Kes. 300,000

Loan Period

Up to 6 Months

Interest Rate

As negotiated with employer

Processing

Within 2 Hours

CHECKOFF LOAN REQUIREMENTS

The following documents are required to to apply for a salary advance loan:

STEPS TO APPLY

1. Loan Application

Fill in the online application form.

2. LOAN APPRAISAL

We will determine how much you qualify for.

3. CALLBACK

We will give you a call to let you know how much you qualify for and your monthly repayment amount.

4. DISBURSEMENT

We will send the loan funds directly to your Mpesa.

APPLY FOR A CHECKOFF LOAN

Fill and submit the appropriate form and we will reach out to you asap!

New Clients

Repeat/Returning Clients

Frequently Asked Questions (FAQs)

Once the application is received and all documents are submitted, we aim to disburse the funds within 2 hours to your Mpesa.

Before we disburse the funds to you, we will give you a call and explain to you details about your loan including the approved amount, loan fees, take-home amount and repayment dates. We will also share with you your loan schedule via WhatsApp upon request.

The loan amount you qualify for is determined by your salary. As long as your salary can afford a higher limit, we will be happy to approve a higher loan amount.

Your terminal dues will be used to repay the loan. Your employer will not be obligated or liable for paying the balance beyond the terminal dues. The loan obligation lies fully with the borrower. If you still have a loan balance, we will work with you to establish an alternative repayment arrangement.

Unfortunately not. We are a lending only microfinance. We are not licensed to take deposits or savings.