Employee Loans Kenya

Check-Off Loan

Check-off loans are available to all employees whose employers have signed a memorandum of agreement (MOU) with Family Bank to process loan facilities. Monthly instalments are paid directly to the bank.

Features

Repayment period of up to 72 months
Insurance cover against death and permanent disability
No hidden charges; age limit is 52 years of age
The check-off arrangements are agreed with the various institutions by the head office and branches are advised appropriately
Top-ups available upon request
Loan buy-offs are available
Attractive loan amounts of up to KES 3 million

Benefits

Competitive interest rates charged
Fast and efficient loan processing and disbursement
Your salary is the security
No late payment fees
An easy and fast source of funds for account holders and non account holders for personal development

Requirements

Check-off loan application forms duly completed in triplicate
The applicant’s certified original pay slips for the last three months
3 certified copies of the applicant’s new-generation ID card and 2 recent passport size colour photographs
A certified copy of the applicant’s KRA PIN certificate
The applicant’s certified original bank statements reflecting salary received in the last 3 months
The applicant’s names should be similar in all documents, otherwise he/she should obtain written confirmation from the employer that the names preferred refer to the same person