Personal loan
Eligibility:
PRIVATE SECTOR
- Minimum Loan amount – Kes 50,000
- Maximum Loan amount – Kes 10,000,000
- Repayment period – 84 months ( no minimum)
- Minimum net qualifying salary of Ksh 40,000
PUBLIC SECTOR
- Minimum Loan amount – Kes 50,000
- Maximum Loan amount – 7,000,000
- Repayment period – 120 months ( no minimum)
- Minimum net qualifying salary of Ksh 30,000
Benefits:
- Competitive interest rates
- Flexible interest instalment 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
- The maximum amount of the loan is Ksh 2,000,000, and the minimum is Ksh 50,000
Requirements:
- Submission of a duly completed Bank of Africa Personal Loan application form
- A letter of undertaking from the employer confirming employment and that the salary shall be sent directly to the applicant’s Bank of Africa account.
- Copy of a valid ID
- Copy of PIN certificate
- The originals of the preceding 3 months’ payslips
- For non-BOA customers, certified copies of bank statements for the preceding 6 months