Better Salary Advance

The applicant must submit the Better Salary Advance Online Application Form to get the loan and this form can be received by scanning the QR Code or via the link or MAB Website.

Every employee who receives monthly salary via MAB Payroll Service is eligible to apply for Better Salary Advance. In addition, the employee who applies for Better Salary Advance

• Must have earned at least (6) months’ salary through MAB Payroll Service.
• Minimum salary must be (2) lakh.
• Must not have a record of loan delay and blacklist in MAB.

• National Identity Card (Original)
• Household Registration (Original)

The applicants can apply for up to 50% of the current salary. (Maximum 50 Lakhs)

Depending on the advance loan amount, you have to pay a fixed service fee. The service fee details are shown in the table below.

After getting Better Salary Advance, you have to repay the advance loan on the payday. The amount to be paid will be automatically deducted from the salary account mentioned in the loan application.

Early repayment can be proceeded through MAB branches and the Early Repayment Fee is not needed to be paid.

If the payment is not received in the salary account mentioned during the loan application on the due date, 0.25% (per day) of the default amount will be charged as a default fee for each day.

After applying for Better Salary Advance, the loan will be approved within 2-3 working days.

Once the bank checks the loan application, an SMS will be sent out to the applicant’s phone number that the loan is approved or rejected. After receiving the loan approval SMS, the applicant needs to go to the nearest branch where he/she chose in the application and receive the loan.

No guarantor is required.

After receiving the Better Salary Advance loan amount, the loan amount and loan tenure cannot be increased.

Yes, every applicant who applied once and had paid full repayment can apply again.

You can directly contact to MAB Call Center Number (+95)18610612.