PayAdvance is the new product of KBZPay that allows employees to make a drawdown request up to half of their monthly salary (Maximum 500,000MMK)
The product is designed to meet employee’s short-term financial needs with the PayAdvance amount paid upon employee’s request before the salary pay date.
The funding can be from the Employer
Customers must also be using KBZPay L1.5 or L2. In addition, it’s employer must have the PayAdvance agreement with KBZ Bank.
Please contact you company’s HR.
In order to apply PayAdvance, customers must be KBZPay L1.5 or L2. Respective employer also has an PayAdvance agreement with KBZ and has done the registration for the employees in PayAdvance portal to be eligible for PayAdvance. Then simply click on the PayAdvance feature and enjoy it.
Maximum accessible amount is up to 500,000 MMK which is half of your salary.
In order to apply PayAdvance, customers must be KBZPay L1.5 or L2 . Respective employer also has an PayAdvance agreement with KBZ and has done the registration for the employees in PayAdvance portal to be eligible for PayAdvance. Then simply click on the PayAdvance feature and enjoy it.
It can be requested since from the pay advance accessible date, from the KBZ Blue App, Life> Financial and loan services > PayAdvance .
It depends on the Company’s Pay Cycles. The customer can usually apply approximately from 16th to 21st day of every month. The range of payAdvance accessible dates can vary from company to company.
If you are an eligible PayAdvance user, you can get it instantly from the KBZPay Blue App.
PayAdvance is a fully digital online service in KBZPay App. No forms to be completed. No need to go to the branches.
Two times within the accessible amount
No
Min: 10,000MMK and Max: 500,000MMK. Note: Maximum amount cannot be more than half of your salary .
500 MMK per request.
Your accessed amount will be deducted from your upcoming salary amount at your regular pay date