I remember when I was in the first bank that I worked for, they have a salary loan that charged 1% interest per annum. Take note, that's for one year interest which is very low that's why almost all of my office mates have been availing that loan which has a limit equivalent to 3 months salary. I miss those days when the company gives special attention to the needs of the employees. This reminds me of our social security system which gives our salary loans at 6% per annum. Still quite low compared to the bank loans.