Salary Solution Account

  • To salaried individuals (employees).
  • The employer shall have a savings or current account and salary balance shall be deposited two days before effecting payment to employees.
  • Employees can open this account with no initial balance.
  • In order to benefit, the employer shall have at least 3 employees and above.
  • ATM card free of subscription (card) fee.
  • Cash-in-transit service once in a month to the employer, as the case may be.
  • A term loan facility up to 250% of the total amount saved when the following conditions are fulfilled:-
  1. He/she save at least for one year, and
  2. The total amount saved reaches at least Birr 20,00
  • The requested loan amount shall be calculated based on one third of the employee’s basic salary and the maximum repayment period shall be 10 years.
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