These are salary backed loans which are deducted at the source.
The maximum loan amount depends on one’s net income; the higher the earnings, the higher the loan amount.
Yes - one is able to obtain another loan from MFZ which is a parallel loan, provided they meet the affordability criteria. MFZ’s systems are also designed to accommodate loan refinancing without violating the pre-agreed credit vetting rules.
One is eligible for a top up loan as soon as deductions are made and this also depends upon an individual’s income and existing obligations. Visit your nearest MFZ branch to know the exact affordability rate.
Yes - MFZ is able to pay off loans from other financial institutions.
Yes - this is made possible by our online and robust information technology platform.
Yes - MFZ products are covered under credit life insurance. Further details can be obtained from any MFZ branch.
Our products are designed to meet your needs. This could be education fees, car insurance, medical bills, funeral expenses, building materials, capital for small businesses and other financial needs.
The primary requirement for the formally employed is a signed payroll agreement between MFZ and the prospective client’s employer.
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