Unsecured Loan

Get an easy loan of up to 6 Million shillings without security and achieve your dreams; get the best education for your children, go on a shopping spree in Dubai, put up a down payment for your dream house, take advantage of that investment opportunity. This is a quick loan with a turnaround time of less than 48 hours. It’s designed for the employee of a company with a check-off agreement with NBK.

Why choose Unsecured Loan

  • <p>Short processing period</p>

    Short processing period

    Your loan takes a maximum of 48 hours to get processed     

  • <p>Easily accessible</p>
<p> </p>

    Easily accessible

     

    It’s readily available to employees of companies with a check-off agreement with the bank

  • <p>No need to provide an asset to secure the loan.</p>

    No need to provide an asset to secure the loan.

    No need to provide an asset to secure the loan.

  • <p>Easy payments</p>
<p> </p>

    Easy payments

     

    Payments are deducted each month from your pay by your employer

  • <p>Loan buy-offs</p>
<p> </p>

    Loan buy-offs

     

    You can buy off loans from other financial institutions i.e. micro finances and SACCO's

  • <p>Top up your loan</p>

    Top up your loan

    Get an additional loan for other needs after making 3 consecutive payments

Rates and fees

  • Loan amount – minimum of KSh 50,000 and maximum of KSh 6,000,000
  • Interest Rate – CBR + Bank Margin % p.a reducing balance.
  • Tenure – minimum of 6 months and a maximum  of 84 months
  • Negotiation fees – 2% for new loans and buy offs; 1.5% for top-ups

Internal costs

  • Appraisal fees

External costs

  • Excise duty
  • Risk margin (insurance against retrenchment and death)

Interested in Unsecured Loan or have a question?

I would like to get an estimate for a loan

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