Loans

A loan is basically an arrangement in which a lender gives you money and the borrower agrees to repay the money in a predetermined period.

 

KCB has tailor-made loans to ensure that everyone can qualify for them; with KCB it does not matter who you are, what you do or where you are – they have a loan just for you.

 

Here are some of the loans available at KCB:

 

Personal Loans

What can you do with a large sum of cash? Buy a car, pay for your school fees, or even furnish your house.

 

KCB Account holders have the advantage of borrowing a large sum of money and repaying it in installments. If you hold a KCB account we will make your dreams come true.

 

KCB Account holders can get both secured and unsecured loans at competitive interest rates on reducing balance.

 

The loan processing is quick and KCB offers the account holders flexible loan repayments.

 

In order to qualify for this you need to have maintained your account for at least 6 months and provide security for secured loans to cover the amount borrowed.

 

Easy Pay loan

The good thing about this loan is that you can borrow a larger sum of money, that is up to Sh3 million. The facility is available to employees and is easy to apply.

 

With this loan you get competitive rates and refinancing of existing loans with other institutions.

 

To qualify for this exciting facility, you need an original and copy of a national ID or the passport, as well as the 3 latest payslips.

 

A verified and signed check-off form authorizing the employer to deduct the loan amount and remit to KCB is also needed.

 

Salary Advance

Some expenses are unforeseen and may end up putting a strain on you or make you lose out on an opportunity.

 

At KCB we understand your need for urgent money as and when a problem occurs. That is why we have the Salary Advance facility that offers you fast cash when you need it most.

 

With attractive interest rates you can borrow up to 50% of your salary and pay back when your next salary is paid. You will not be required to provide any security, or pay an application fee, just have your account well managed with KCB for at least 6 months. It’s that easy.

 

Masomo Loan

If you would like to further your studies this facility is the best for you. The Masomo Loan targets graduates and undergraduates working class students in public and private universities in Kenya. The universities must be accredited by the Commissioner of Higher Education.

The loan has very attractive rates and a risk sever, in the event of death or loss of income due to permanent disability.

 

This loan is easy to get as you only require an original and copy of your ID and a letter from a credited university or institution.