Platinum Credit Civil Servants Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021

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Platinum Credit

Civil servants Loans

Easy Apply

Amount

Ksh5k - 1M

Duration

6 months - 8 years

Interest Rate

Total Cost Including Institution's Other Fees

30% - 100% annualised, year one

Typically approved within 24 hours

visit website

Easy Apply

Loan Type

Unsecured Loans

Total Cost Breakdown (Loan Fees):

‍‍Interest Minimum: 2.5% per month
Interest Maximum: 10% per month
Processing fee: None
Insurance Fee: None
Withdrawal Fee: None
Late Fees: None
Other Fees: None‍

‍Disbursement Details:

‍Institution Type: Microfinance Institution
Application Method: paperwork
Disbursement Method: M-Pesa/Bank account

Repayment Details:

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

‍Eligibility Requirement:

‍Smartphone: Not required
CRB: Not Checked
Income: No Minimum
Employment: Required
Network: Not Required
History: Not required

Documents:

National ID
Application Form Filled and signed
KRA pin
6 Months M-Pesa/Bank statements
T&C Links

How to Apply

‍

Money254 Review

Pros:

Check-off Repayments automated via employer
Long loan tenure( up-to 96 months)
No Processing fees

Cons:

Only available to employees where the employer has an MOU with the firm
Relatively high Interest rates (2.5%-10% per Month)

‍

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How to Apply for Platinum Credit (Civil Servant) Loan, App, Repayment, Fees, Contacts

Platinum Credit Limited is a credit-only, non-deposit taking, Micro-Finance Company licensed in Kenya under the Company’s Act.

The Civil Servants' Loan facility is available for all civil servants. This includes Teachers’ Service Commission (TSC) members and County Government employees.

Once a loan has been approved, the loan will be disbursed within 24 hours, either Via M-PESA or to a bank account.

The loans can also accessed via USSD code *619#

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Platinum Credit Civil Servants Personal Loan: Product Details & How to Apply

Platinum Credit

Loan Type

Total Cost Breakdown (Loan Fees):

‍Disbursement Details:

Repayment Details:

‍Eligibility Requirement:

Documents:

Money254 Review

Pros:

Cons:

See more Personal Loans available in Kenya on Money254

How to Apply for Platinum Credit (Civil Servant) Loan, App, Repayment, Fees, Contacts

Platinum Credit Civil Servant Loan Eligibility Requirements

Platinum Credit Civil Servants' Loan Limits and Interest Rates

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How to Make Platinum Credit Loan Repayments

How to Repay Platinum Credit Loans Via Bank Account

Platinum Credit Contacts

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