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