Target Customer & Purpose
  •  A loan facility is available for salaried employees with or without MOU to
  • Allows employees realize their plans by providing flexible repayments for education, purchase of assets, financing startup businesses and other legally productive ventures
Features
  • Maximum Unsecured: Kshs. 1,500,000 or the amount specified in the MOU.
  • Unsecured – Up to 60 Months or as specified in the contract or within the contract period (whichever is lower),
  • Secured- up to 96 months.
  • Ability to repay and the 1/3 rule on the employee’s pay slip must apply.
Benefits
  • Competitive interest rates
  • Quick turn around time
  • No penalty for early repayment
Requirements
  • Open a Caritas MFB transactional Account.
  • Original and Copy of National ID/Passport
  • A dully filled loan application form
  • 3 months certified payslip
  • 6 months certified salary statement
  • Employment letter

bank