Flexible Repayment Period
Our Choice for:
Loan size
KSHS 10,000-100,000/=
Repayment Period
3 to 24 months
Interest Rate
Very low
Overview:
This loan product will be offered to civil servants, TSC members, and employees of reputable organizations approved by the Board, to finance purposes such as Asset acquisition e.g. household items, solar panels etc. Emergency needs such as school fees, medical bills etc.
• Must be a civil servant, an employee of organization with a Memorandum of understanding with CMFB approved by the management and the board.
• Salary must pass through an account with ChoiceMFB and routed for about 3 months prior to loan application and continues processing the loan through CMFB.
• A letter from employer committing to remit salary through Choice MFB account for the duration of the loan.
• Chattels and Affidavit for pledges where applicable.
• Guarantee of 2 fellow colleagues processing the salary through CMFB.
Requirements
Low Minimum Amount
Our Choice for:
Minimum Amount
KSHS 0
Annual Interest
22.0%
Minimum gross salary
KES 75,000 per month
Overview:
Standard Chartered Bank Kenya Overdraft is linked to your salary account and gives you access to cash when you need it most. Plus, you only pay interest on what you draw.
Features:
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The overdraft facility is linked to your Standard Chartered salary account
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The facility can either be used through a debit card or through a cheque transaction on your current account
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Both Unsecured and Secured overdraft facilities are available
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Enjoy up to 70% of net income offered as an overdraft subject to a maximum of KES 400,000
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Get peace-of-mind knowing money is available whenever you need it
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Fast and hassle-free processing
