Interest rates

*Interest Rates change according to the duration of the loan. See the breakdown below:

Interest Tiers:

• 12 Months: 8.0% per month
• 18 Months: 7.5% per month
• 24 Months: 6.5% per month
• 36 Months: 6.0% per month
• 40 Months: 5.0% per month
• 48 Months: 4.5% per month
• 60 Months: 3.8% per month
• 72 Months: 3.0% per month
• 84 Months: 3.0% per month
• 96 Months: 2.7% per month
• 108 Months: 2.4% per month
• 120 Months: 2.3% per month
• 144 Months: 2.0% per month

Total Cost Breakdown (Loan Fees):

• Processing fee: 5% of principal amount
• Insurance Fee: 1% of principal amount
• Application fee: 1% of principal amount
• CRB fees: ksh300
• Loan form Charge: ksh300
• Bank Transaction fee: ksh500‍

Disbursement details‍

• Application Method: Branch
• Disbursement Method: Bank‍

Repayment details‍

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

‍Eligibility requirement‍

• Smartphone: Not Required
• CRB: Must be in good standing
• Income: No Minimum
• Employment: Required
• Network: Not Required
• History: Not Required‍

Documents‍

• National ID
• Latest three months payslips.
• Latest six months bank statements for the applicant’s salary account.
• KRA pin
• Passport photo
• Form duly filled and signed by Employer
• T&C Link

Pros

• Early repayments allowed
• Check-off Repayments automated via employer

Cons

• Only available to civil servants
• Disbursement to Bank account charged ksh500

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