ABSA Bank Kenya Plc Unsecured Personal Loan Check Off: Product Details & How to Apply

Rates available from as of 1st April 2021
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ABSA Bank Kenya Plc

Unsecured Loan Check Off
Easy Apply
Ksh50k - 6M
1 year - 6 years
Interest Rate
14.5% - 15% annualised
Total Cost Including Institution's Other Fees
19.12% - 19.6% annualised, year one
Typically approved within 3 days
visit website
Easy Apply

Loan Type

Check Off Loans

* Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be 14.5%-15%

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 14.5%
  • Interest Maximum: 15%
  • Processing fee: 3.3%
  • Insurance Fee: 0.66%
  • Withdrawal Fee: None
  • Late Fees: None
  • Other Fees: 20% Excise Duty on processing fee
  • Other Fees: 100 Monthly Loan Processing fee

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Paperwork
  • Disbursement Method: Bank Account

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Check-Off

Eligibility Requirement:

  • Smartphone: Not Required
  • CRB: Must be in good standing
  • Income: 15000
  • Employment: Required
  • Network: Not Required
  • History: Not Required


  • National ID
  • Certified Pay-slips
  • KRA Pin
  • 6 Months bank statement
  • Passport photo
  • Application form Filled and Signed
  • T&C Links

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 15%
  • Processing Fee: ksh3,300
  • Excise Duty: ksh660
  • Credit insurance: ksh660
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,332
  • Estimated Total repayment amount: ksh111,984

How to Apply


Money254 Review


  • High loan limit up-to 6 million (subject to maximum debt ratio)
  • Repayments automated via employer (Check-off)
  • Long loan tenure of up-to 72 months


  • Only for employers with a partnership with the bank (MOUs)
  • Monthly loan processing fee of up-to Ksh100
  • Must have a minimum net salary of Ksh15000


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How to Apply for Absa Bank Kenya PLC Check-Off Loan, Repayment, Fees, Contacts

The Absa Bank PLC check-off loan is available to any government employee, or any employee of a company that has an agreement with Absa Bank, so that the repayments get deducted from the employees’ salaries.

No collateral or security needed to apply for the loan.

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