Individual Loans

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Individual Loans

These are personal loans ranging from amounts of Ksh 50,000 to Ksh 2,000,000 extended to salaried individuals with minimum net salaried of Ksh 25,000.

Eligibility:
Any salaried individual who has been in continous employment for over 6 months
Minimum net qualifying salary of Ksh 25,000
Maximum qualifying age is 55 years
Processing fee of 3%
Clean Credit Reference Bureau report
Benefits:
Competitive interest rates
Flexible interest installment matched to your income
Maximum loan amount Ksh 2,000,000
Minimum loan amount Ksh 50,000
Quick processing & disbursement within 1 week
Features:
The loan duration is a minimum of 12 months to a maximum of 48 months
Response time in 48 hours
Maximum amount of the loan is Ksh 2,000,000 and a minimum of Ksh 50,000
Requirements:
Submission of duly completed Ushindi Bora Individual Loan application form
Letter of undertaking from employer confirming employment and that salary shall be sent directly to the applicant’s Ushindi Bora account
Copy of a valid ID
Copy of PIN certificate
The originals of the preceding 3 months’ pay slips
For non-Ushindi Bora customers, certified copies of bank statements for the preceding 6 months