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KCB Bank Gives Good Loans to All Salaried Employees

Salaried Employees are employees that are paid a fixed or set amount of money each year. They may be paid weekly, bi-weekly or monthly. Salary employees are also referred to as “exempt employees.” KCB bank on the other hand is a leading Commercial Bank in Kenya with a large number of of customers offering banking services.

Today, this article brings you good news from KCB bank about an amazing loan given to all Salaried employees with active accounts in KCB bank. This loan is referred to as Salary Advance loan. This is a payment that you're given by an employer before your usual payday.

Moreover, this involves a private loan agreement between the lender and the borrower. A permanent employee can be given up to 1.5 times the amount of his salary with no security needed. As soon as your money are credited to the bank, the amount you had borrowed will be automatically deducted.

This loan is repayment period goes up to 3 months or less depending on the lender's ability to pay. There are certain requirements you need to submit to the bank in order to get this loan and they are shown below.

a) You should have had an account with KCB for at least 3 months

b) Original and copy of National ID or passport

c) Latest original 3 Months pay slips.

The processing period of this loan is fast as long as you give the accurate details needed in the bank. As soon as you receive the loan, you can use Safaricom short code*522# to transfer the money to M-PESA account.

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Commercial Bank KCB KCB Bank Kenya Salary Advance


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