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Personal Loans
Personal Secured Loan
Acquire assets, accomplish your goals and move further with secured and unsecured personal loans custom-made to suit your lifestyle.
Key Features
- Source of income – Salary and/or other reliable income sources (income needs are to be verified via bank statements )
- Loan currency – Kenya shillings, US Dollar, Sterling Pound, Euro
- Minimum loan amount – KES. 50,000
- Maximum loan amount is dependent on the customer’s ability to repay.
- Interest rate – competitive.
- Interest calculation is based on a reducing balance basis.
Are you interested in our Personal Loans? Let’s contact you to discuss further
Personal Unsecured Loan
At NCBA, we make access to credit simple and stress-free. Whether you’re looking for a Check-Off Loan through your employer or a Non-Check-Off Loan with no security required, we have the right solution for you.
1. Check-Off Loan
Enjoy a hassle-free loan if you are employed by a company that has an agreement with NCBA. Borrow between KES 50,000 and KES 6 million, with repayments spread over up to 96 months. Monthly repayments are deducted by your employer.
2. Non-Check-Off Loan
Need a loan without employer involvement? Our Non-Check-Off Loan offers up to KES 5 million with no security required, and flexible repayment periods of up to 60 months. Available to salaried individuals with an active NCBA account for at least 6 months.
Key Features
✔ No security required – Enjoy access to funds without collateral.
✔ Loans in multiple currencies – Borrow in KES, USD, GBP, or Euro (your income must match the loan currency).
✔ Loan Protection Insurance – We’ve got you covered with Credit Life & Retrenchment Insurance, safeguarding your repayments in case of retrenchment, accidental permanent disability, or accidental death.
✔ Balance transfer option – Consolidate your existing loans from other banks into one easy-to-manage and cost-effective loan with NCBA.
Why Choose NCBA?
- Flexible repayment periods – Enjoy long repayment periods of up to 96 months.
- High loan limits – Borrow up to KES 6 million.
- No security required – 100% unsecured financing.
- Simple and fast application process.
- Competitive interest rates – Designed to be affordable and fair.
What You Need to Apply
- Valid Kenyan ID or passport
- Your KRA PIN
- Duly filled application form
- Employer introduction letter (for check-off loans)
- Latest 3 months’ pay slips
Get started today!
Apply now and experience easy, fast, and convenient financing with NCBA.
Education loan
At NCBA, we understand the importance of uninterrupted learning. Our Education Loan gives you access to up to KES 1,500,000 to cover school fees for yourself or your dependents.
Key Features
✔ Unsecured school fees loan – No security required.
✔ School fees paid directly to the school – Based on a confirmed invoice for the current academic year or term.
✔ Flexible repayment terms – Enjoy repayment periods of up to 48 months (subject to credit terms & conditions).
Why Choose NCBA?
- High loan amounts – Cover school fees for the full academic year.
- Peace of mind – Keep students in school without financial stress.
- Fast processing – Get your loan approved and disbursed quickly.
- No collateral required – 100% unsecured financing.
What You Need to Apply
- Valid identification documents (Kenyan ID & KRA PIN).
- Duly filled application form.
- Employer introduction letter.
- Latest 3 months’ pay slips.
- Confirmed school invoice for the current academic year or term.
- Active NCBA account for at least 6 months.
Salary Advance
You don’t have to wait until payday to access funds to address a pressing financial need.
Our salary advance offers you short-term financing through your salary account.
With the Salary Advance, you enjoy:
- Up to KES 250,000 based on your salary.
- Flexible repayment period of up to 6 months.
- Fast processing of 12 hours upon submission of a complete application form.
To apply, download the application form below and submit it at your nearest NCBA branch
Salary Advance Application
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M-Shwari
M-Shwari is a suite of banking products that are offered to M-PESA customers via their handset to enhance the M-PESA value proposition.
With M-Shwari, one has access to Deposit and Loan products that are convenient, reliable, and cost-effective for making micro-savings and taking micro-loans.
With the Mshwari, you enjoy:
- Convenience of Mobile Banking
- Mobile-centric, safe and fast service.
- No minimum balance
- No ledger fees
- No transactional charges between M-Shwari & M-Pesa
How M-Shwari works
Deposit Product
The M-Shwari Deposit Account is a micro-savings product that allows you to securely store your money for a specific purpose or for an unexpected event in your life. Enjoy the following features when you save with M-Shwari:
– No minimum balance
– No charges levied on the account
– No charges for moving money from M-PESA to M-Shwari account and vice versa
– In line with the Banking (Amendment) Act 2016, all deposits on M-Shwari will earn an interest of 7.35% p.a being 70% of CBR.
Loan Product
The M-Shwari Loan Account is a micro-credit product that allows you to borrow money in times of need or to complement your savings towards an investment or enterprise. A one-time fee of 7.5% is levied for each loan. Borrow with M-Shwari and start to build your credit history today. In order to qualify for a loan, all you need is to be an M-PESA subscriber for 6 months, save on M-Shwari and actively use other Safaricom services such as voice, data and M-PESA. To enquire how much you can borrow, go to M-Shwari, Loan, check Loan Limit.
M-Shwari Interest Rates:
KSHS 1 – 20,000 3% P.A
KSHS 20,001 – 50,000 4% P.A
> KSHS 50,001 5% P.A
Lock Savings Account
This is a savings account that allows M-Shwari customers to save for a defined purpose and for a specified amount of time. The funds saved on the M-Shwari Lock Savings account will be kept in the account until the maturity date which is determined by the customer upon opening the account and ranges between one and twelve months. However, the customer can request to withdraw the funds from their Lock Savings account. The request will be processed in 48 hrs.
Interest in Lock Savings account will be earned as below:
KSHS 1 – 20,000 3% P.A
KSHS 20,001 – 50,000 5% P.A
> KSHS 50,001 6% P.A
M-Shwari Loan FAQs
What is a Lock Savings Account?
This is a savings account that allows M-Shwari customers to save for a defined purpose and for a specified amount of time. The funds saved on the M-Shwari Lock Savings account will be kept in the account until the maturity date; this maturity date is determined by the customer upon opening the account and ranges between one and six months. Customers can make micro-deposits into this.
The M-Shwari Lock Savings account is ideal for customers looking for higher interest rates and those wishing to keep money away safely for one to six months.
What are the requirements of opening a Lock Savings Account?
One must be an M-Shwari customer in order to access this service. To join M-Shwari, Go to your M-PESA menu, select “My account” and “Update menu” then go to your M-PESA menu, select Loans and Savings, MShwari, click on activate account and accept terms and conditions.
What are the benefits of opening a Lock Savings Account?
No minimum savings.
There are no charges levied on the M-Shwari Lock Savings account.
The interest rate is constant during the investment period and is calculated and paid out monthly or at maturity.
The Lock period varies from one month to six months depending on the customer needs.
How does one access the Lock Savings Account Menu?
The lock savings account can be accessed by going to M-PESA >>Loans and Savings >>M-Shwari>> Lock and selecting, “Lock Savings Account”. The menu is as displayed below when accessed the first time.
How do I Open and Save into Lock Savings Account?
Go to M-PESA, Loans and Savings, M-Shwari, Lock Savings Account, Open Account, select to save from either M-PESA or From M-Shwari, Enter Target Amount, enter period between 1-6 months, Enter amount to save. You will receive an SMS confirmation that your Lock Savings Account has been set up. Next time you save, go to the Lock Savings option under M-Shwari, select to Save from either M-Shwari or M-PESA, Enter Amount and then your M-PESA PIN to complete your transaction.
How will I know that my money in M-Shwari Lock Savings has matured?
Upon maturity, a notification will be sent to you via SMS from M-Shwari informing you of the amount saved and the interest earned.
Can a customer withdraw their funds before the maturity date?
Yes. However, a customer will receive the requested money after 48hours. A customer has the option to withdraw the entire amount – Break Lock or make a partial withdrawal of the funds- Partial Break
How will the relief measures undertaken to cushion customers from the impact of COVID change?
All relief measures that were implemented in March 2020 will remain as-is until further notice. However, if your loan remains unpaid for more than 30days from the date it was borrowed an additional facility fee will be applied. Among the reliefs we have extended include:
- If your loan is repaid after 60 days, you will be allowed to borrow a loan immediately after repayment.
- We will not list any customer on CRB until further notice.
- We will reduce your limit when your loan is still outstanding after 90 days (2 months).
- We will cancel your limit to 0 if your loan is still outstanding after 120 days (4 months).
How long will these changes be applicable?
These changes will remain effective until further notice
Will my loan repayment date change?
No, your loan due date will remain as communicated, which is 30 days from when you request for a loan.
When will I be charged a Roll over fee on my loan?
With effect from 30th July 2020, the rollover fee will be charged once the loan goes beyond 30 days from the day you borrowed. A reminder of when the fee will be charged will be communicated on day 28 and 29 of the loan being outstanding.
What if my loan is already beyond Day 30 and I wasn’t charged a roll over fee. Will this still be charged?
No, if your loan is already beyond day 30, you will get the usual loan reminder messages until loan repayment. However, if your loan is still outstanding on day 59 a roll over fee will be applied the following day (Day 60).
Will I be listed on CRB if I default on my loan within this period?
No, this has been halted until further notice.
Customers will be provided ample notice prior to listing if the loan remains unpaid to an extended period.
Fuliza Mpesa
What is Fuliza M-Pesa
This is a service that allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their M-PESA account.
What are the requirements and how do I activate Fuliza M-PESA Service?
You need to be an M-PESA registered customer with an active Safaricom line. Dial *234# and select Fuliza M-PESA to opt-in.
How many accounts can I hold for Fuliza M-PESA services?
Every M-PESA registered line will be treated as a different account. Each mobile number will qualify for Fuliza M-PESA and will be awarded a limit. This limit will be reviewed every 3 months depending on your usage.
How will I know my Fuliza M-PESA Account Details
Dial *234# and Select Fuliza M-PESA to check your limit, balance, mini statement and opt-out option. Every time you transact using Fuliza, you will receive an SMS with the outstanding Fuliza amount.
How many times can I use Fuliza M-PESA?
You can use it as many times as needed as long as you are within the allocated Fuliza M-PESA limit.
Which M-PESA transactions can I complete using Fuliza M-PESA?
Lipa Na M-PESA: Buy goods and Paybill, Airtime purchases, as well as Send money.
How do I use my Fuliza limit?
All you need to do is transact normally on M-PESA and if you have insufficient funds, Fuliza M-PESA will cover the shortfall.
How do I grow my Fuliza M-PESA limit?
Continue using Safaricom and M-PESA services frequently and repay Fuliza M-PESA on time by topping up your M-PESA account.
Can I withdraw money from Fuliza?
No, you cannot withdraw funds from Fuliza M-PESA.
How much will I be charged for using Fuliza M-PESA?
You will be charged 1% interest and a maintenance fee on the outstanding balance as per the below table. Normal M-PESA transaction charges apply. Transaction Promotional Tariff for Range (Kshs) Tariff 30 days from launch
0 -100 One-time fee of Ksh 2
101-500 Kshs. 5 per day
501-1000 Kshs. 10 per day
1001-1500 Kshs. 20 per day
1501-2500 Kshs. 25 per day
2501-70000 Kshs. 30 per day
How will I repay my Fuliza M-PESA?
Any funds received or deposited in your M-PESA account will automatically be used to clear your outstanding Fuliza M-PESA.
What is the minimum and maximum amount I can send using Fuliza M-PESA?
M-PESA limits apply as below;
- Min KES 1.00 Maximum KES 42,000.00
Will I get money reversed if I send/pay to a wrong number/till and had used Fuliza M-PESA?
M-PESA reversal process applies as long as the recipient has not utilized the funds. You can also initiate reversal by sending the M-PESA SMS to 456 NB: Transactional charges will not be reversed.
Is Fuliza M-PESA a loan product?
No. This is a continuous overdraft service that allows you to complete M-PESA transactions when you have insufficient funds.
Are there any Penalties for late repayment?
You will not have access to your Fuliza M-PESA limit if you have any unpaid balance after day 30. This will, however, be restored on full repayment of your Fuliza Balance.
Mobile Loans
Our mobile loan solution allows our mobile banking customers’ access to instant low-cost loans on a self-service basis anytime, anywhere. It provides a convenient and cost-effective avenue to meet short term financial needs.
Overdrafts
Our personal overdraft service is perfect for you if you’re looking for a flexible and instant line of credit that allows you to overdraw your account without a penalty.
Features
- To be eligible, the customer’s salary must be routed through the bank. If that’s not the case, an overdraft must be secured.
- To qualify for an overdraft, a one year minimum period of banking with NCBA is required.
- Overdraft is available in Kenya Shillings or in major foreign currencies such as US Dollars, Euros, and British Pounds.
- Interest is only charged on the amount drawn.
Getting you over that cash crunch
Getting you over that cash crunch
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