Jamii Bora Bank Loans- Personal Unsecured Loan, Personal Secured Loan, Check-Off Loan, Requirements, Repayment Period.

Jamii Bora Bank Loans.

Jamii Bora Bank Loans: Personal Unsecured Loan

The loan is made available to individuals to enable payment for the following items: Land/construction, a Car, Furniture, School fees and/or Medical Bills.

This loan is available to salaried individuals or those with a consistent income.

Loan Amount: Finance 10 times net income to maximum loan amount of Kshs. 3,000,000

Features

-Repayment period of up to 3 years
-Equivalent of one month installment to be held in a Fixed Deposit
-Life cover is mandatory

Requirements

-Salary must pass through account for at least 3 months
-Introduction from employer
-3 latest original pay slips

Jamii Bora Bank Loans: Check-Off Loan

This is a personal development loan for Salaried individuals under scheme. You are able to get a top-up after 6 months without any arrears.

Loan Size

-Minimum amount of Kshs. 50,000
-Maximum amount of Kshs. 3,000,000 (subject to retention of 1/3 of basic pay)

Loan Term: Maximum period of 60 months

Requirements

-Check off by employer
-Introduction from employer
-3 latest original pay slips
-Copy of national ID and pin certificate
-Two passport photos

Jamii Bora Bank Loans: Personal Secured Loan

This is a personal development loan that is available to salaried individuals or that receive a regular income. This facility needs to be fully secured and top-ups are available after 6 months without arrears.

-Loan Size: Minimum of Kshs. 50,000 and a maximum of Kshs. 3,000,000

-Loan Term: Maximum of 5 years

Requirements

-Salary must pass through account for at least 3 months
-Kinga Salo Insurance Cover
-Introduction letter from the employer
-Equivalent of one month installment to be fixed
-3 latest original pay slips