What you can use this loan for.
For employees with regular salary income who need to cover household costs, medical bills, emergencies, or existing debts. Repayment dates are planned around salary dates.
How this loan works
- Repayments planned around salary dates
- Household, medical, or emergency costs
- Employment and income are verified
- Loan amount is based on affordability
Who this loan may suit
- Salaried employees
- Applicants with verifiable employment
- Customers with regular income
- Applicants who meet Melac's credit assessment
Documents we may ask for
We may ask for identification, proof of employment, recent payslips or bank statements, and details of existing loan repayments.
How the amount and terms are decided
Approval, loan amount, repayment period, interest, and security requirements depend on our review of the verified income, affordability, employment status, and credit assessment. Terms apply.