In a world where financial needs are as diverse as the individuals seeking them, personal unsecured loans have emerged as a versatile and accessible solution. Whether you’re looking to consolidate debt, fund a major purchase, or cover unforeseen expenses, these loans offer a lifeline of financial flexibility without requiring collateral.
Unlike secured loans, which are backed by assets like your home or car, unsecured loans rely primarily on your creditworthiness and ability to repay. This accessibility makes them an attractive option for a wide range of financial needs.
Some of the benefits:
- No Collateral Required
- Credit Building
- Diverse Usage
- Competitive interest rates
- Minimum Loan Amount of Kes. 100,000
- Maximum Loan Amount of Kes. 300,000
- Maximum Loan Term of 12 months
- You can top-up your loan after six months of repaying your loan.
- Competitive Interest Rates and facility fees
- Credit Life Insurance on all loans
- Copy of your Kenyan National ID
- Businesses operating for not less than one year
- 3 months statement from your current bank or a recent payslip
- Kenya Revenue Authority PIN
The loan amount you can qualify for is typically based on factors such as your credit score, income, employment history, and overall financial health. Lenders will evaluate these factors to determine your borrowing capacity.
- Gather necessary documents such as identification, proof of income, and financial information.
- Complete the application form, either online or in-person.
- Await approval, which may involve a credit check and assessment of your application.
