What the loan can be used for.
The Salary Loan is for employees who earn a regular salary and need funds for personal costs. It can support personal obligations such as household expenses, medical bills, emergencies, or debt consolidation, with repayments structured to align with the borrower's salary cycle.
Key benefits
- Salary-aligned repayments
- Support for personal obligations
- Suitable for planned or urgent needs
- Responsible affordability assessment
Who this loan may suit
- Salaried employees
- Applicants with verifiable employment
- Customers with regular income
- Applicants who meet Melac's credit assessment
What to prepare
You may need identification, contact details, proof of income or business activity, and documents showing how you will use the loan. Our team will confirm the full list after your enquiry.
Assessment and terms
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.