KCB Loans For Teachers: A Comprehensive Guide

Are you a teacher looking for financial support?

KCB Bank offers a range of loans tailored to meet your needs.

One such offering is the Personal Unsecured Check Off loan, designed specifically for government employees or those working for companies with agreements with KCB Bank.

Here’s everything you need to know about this loan product:

Loan Features:

• Loan Amount:

You can access a check-off loan ranging from Kes 10,000 to Kes 4 Million.

• Repayment Period:

Enjoy flexible repayment periods of up to 72 months (6 years), ensuring that your repayments match your needs.

• Security:

No security is required other than a guarantee from your employer, making it easier for you to access the funds you need.

Requirements:

To apply for the Personal Unsecured Check Off loan, you’ll need to provide the following:

• Valid Kenyan ID or passport
• Latest original payslips
• Approval letter from your employer to take up a loan
• Active KCB account holder for a minimum of 6 months

A bank representative may contact you for further information in line with the KYC process. At no point will you be asked for your PIN or passwords. Remember, your PIN is your secret.

Rates & Fees:

The Personal Unsecured Check Off loan offers competitive rates.

Charges are not inclusive of tax.

Personal Unsecured Non-check Off Loan:

If you need a larger loan, KCB Bank also offers a Personal Unsecured Non-check Off loan.

This loan allows you to borrow up to Kes 8 Million with no security required.

The repayment period for this loan is up to 96 months, providing you with ample time to repay the loan.

Masomo Loan:

For those looking to further their studies, KCB Bank offers the Masomo Loan.

If you’ve had an active KCB account for a minimum of 3 months and are either salaried or have a guardian, you’re eligible for this loan.

The Masomo Loan provides funding for educational undertakings, with repayments spread over 24 months.

Salary Advance:

In need of quick cash?

The Salary Advance loan offers up to 1.5 times your salary, repayable within 6 months.

This loan is open to salaried KCB Bank account holders who have had an active account for a minimum of 3 months.

Conclusion

In conclusion, KCB Bank offers a range of loan products tailored to meet the financial needs of teachers and other government employees.

Whether you need a small check-off loan or a larger non-check-off loan, KCB Bank has you covered.

Visit your nearest KCB branch to learn more about these loan products and start your application process today.

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