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Personal Loans

Every now and then, unforeseen expenses crop up that most times we just haven’t budgeted for. At CBA we cater for these situations with personal loans that can carry you through without impacting your finances on the long term. We provide a choice of either secured or unsecured loans to help cover your spending requirements.

Unsecured Loan

Benefits

  • You can borrow in Kenya Shillings or in major foreign currencies such as USD, EURO and GBP (if your income/salary is in a foreign currency)
  • The application process is short and simple
  • There is no penalty for early repayment
  • Loan protection insurance to cover your repayments in case of accidental death or accidental permanent disability

Features

  • The minimum amount you can borrow is KShs. 50,000; the maximum KShs. 5 million
  • We offer flexible repayment options and you get up to five years to repay the loan
  • We charge interest on a reducing balance basis

Application Requirements

  • Your pay slips for the previous three months
  • Certified copies of bank statements for the previous six months
  • A personal financial statement (if not salaried)
  • A letter of reference from your current employer

Secured Loan

Benefits

  • You can use your Kenya Shillings or foreign currency deposits such as USD, EURO and GBP and borrow up to 90% of the deposit amounts
  • Flexible borrowing options
  • The application process is short and simple
  • Loan protection insurance

Features

  • The minimum loan amount KShs. 50,000
  • The maximum loan amount depends on the value of your security and ability to pay
  • Interest is charged on a reducing balance basis

Acceptable securities:

  • Deposits held at CBA
  • Government securities
  • Fully paid stocks and shares quoted in the Nairobi Stock Exchange
  • Property titles with the first legal charge on the bank

Application Requirements

  • Your pay slips for the previous three months
  • Certified copies of bank statements for the previous six months
  • A personal financial statement (if not salaried)
  • A letter of reference from your current employer

 For more information contact your Relationship Manager, Customer Service Representatives or email us at contact@cbagroup.com