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

 

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Issue 1

"Through purpose of action in bending and shaping the wood, the Cooper creates an unmistakable product of quality. We take cue from these craftsmen in creating and developing our products and services at CBA Private Banking". - Download PDF

Issue 2

"Through purpose of action in bending and shaping the wood, the Cooper creates an unmistakable product of quality. We take cue from these craftsmen in creating and developing our products and services at CBA Private Banking". - Download PDF

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Commercial Bank of Africa Limited,
Mara and Ragati Roads, Upper Hill,
P.O. Box 30437-00100, Nairobi, Kenya.
Mobile +254 711 056444/+254 732 156444 |
Tel +254 20 2884444 | Fax +254 20 2734616
CBA is regulated by the Central Bank of Kenya
  • Upper Hill-Head Office: +254 20 2884000;+254711056000/732156000
  • Mama Ngina: +254 20 2884000; +254711 056000/732156000
  • Thika Road Mall Branch: +254 20 2884000 +254711056000/732156000
  • Westlands: +254 20 2884000; +254711 056000/732156000
  • Village Market: +254 20 2884000; +254711 056000/732156000
  • The Junction Mall: +254 20 2884000 | +254711 056000/732156000
  • Galleria Mall: +254 20 2884000 | +254711 056000/732156000
  • Moi Avenue Mombasa: +254 041 2114000 or 041 2224803
  • Nyali Branch Mombasa: + 0728 999 293 (Safaricom), 0736 690 110 (Airtel)
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