Below are important details about U&I Microfinance Bank in Kenya: Loans, savings products, branches and contacts:
U&I Microfinance Loans
Fasta Fasta Loan
This is a loan facility where approval is done within 24 hours to assist entrepreneurs in clearing their imported goods from the port.
Features
- Repayment period of 1 month
- Financing of up to 70% of the value of the collateral/security
- Low Interest rates
Benefits
- Easy access of the loan at any U&I Branch
- Fast processing of loan
- No need to worry about goods getting stuck at the port
Requirements
- Bill of Landing
- Copy of national ID card
- Passport photo
- KRA pin copy
- Demonstrate an ability to repay the loan.
- Must have a good credit history from the previous loans (if any)
- U&I Bank statements
Planner Loan
At U&I, we understand that there are many things you want and need for yourself, family or even business. Thanks to our planner loan, your dream could become a reality sooner rather than later with our fast loan processing service.
Benefits
- Easy and flexible security requirements.
- Fast processing of loans.
- Available to self employed, employed or contract workers
- Competitive interest rates and fees
Requirements
- Filled in U&I Loan application form
- Copy of national ID card
- 6 months Original Bank statements
- Passport photo
- KRA pin copy
Asset Financing loans
Features
- Financing of up to 80% for new vehicles and 70% for others
- Financing of up to 50% for land
- Repayment period of up to 36months
- Individuals qualify based on ability to service the loan.
- Asset forms part of security.
Benefits
- Easy and flexible security requirements.
- Fast processing of loans.
Requirements
- Filled in U&I Loan application form
- Copy of national ID card
- U&I Bank statements
- Passport photo
- KRA pin copy
- Profoma Invoice from the seller
- Valuation report from our valuer
Karo Loan
This loan is given to existing customers to finance school fees.The product is designed to ease financial stress without necessarily reducing your working capital.
Features
- Repayment period of up to 9 months
- Processing period – 1 week
- Payee: School/ Institution
Benefits
- Easy access to the loan
- Meets your immediate financial needs
Requirements
- Client has to be an existing account holder at U&I
- Demonstrate an ability to repay the loan.
- Must have a good credit history from the previous loans (if any)
- Copy of national ID card
- Passport photo
- KRA Pin copy
- School fees structure
U&I Microfinance Accounts
Current Account
This is an accessible, easy to operate and flexible transactional account
Features
- Monthly ledger fees of kshs 220
- Access to Cheque book
- No minimum balance
- Affordable fees
- Access to overdraft
Benefits
- Easy account opening requirements
- Secure place to save
- Unlimited withdrawals
Requirements
- Copy of national ID card
- Passport photo
- KRA pin copy
Biashara Saver Account
While saving for further business needs your savings can be an investment.With Biashara Saver Account you are guaranteed interest earnings for as low as Kshs. 5,000 of your savings.This is a savings account for individuals who want to enhance the growth of their wealth in order to attain their financial goals.
Features
- Opening balance of kshs 300
- Zero rated ledger fees
- No access to cheque book.
Benefits:
- Private banking / mobile banking
- No limitation on withdrawals.
- No charges on cash deposits
- Minimal opening requirements and procedures.
Requirements
- Copy of national ID card
- Passport photo
- KRA pin copy
Nyota Account
This is an account that enables parents/guardians to save while earning interest in trust of their children and secure their (children’s) future education financial needs.
Features
- No maintenance fees
- Mobile banking
Benefits
- Open to both boys and girls
- Free bankers cheque for school fees
Requirements
- Copy of national ID card of parent/guardian
- Passport photo of Parent/ guardian
- Copy of the child’s birth certificate
- Completed account opening form
Msingi Fixed Deposit Account
Msingi Fixed Deposit Account provides an opportunity for individuals, members, groups and institutions to maximize on their wealth as it is an investment avenue that earns very attractive and competitive interest returns.
Features
- Convenient account opening process
- Returns on your investment are paid on maturity of the contract
- You can use your Msingi Fixed Deposit Certificate as security for a loan or overdraft
- Interest earned on account balances
Benefits
- Safe place to keep your money – U&I Microfinance Bank is licensed and regulated by the Central Bank of Kenya
- Negotiable and attractive interest rates
- Consideration when applying for a loan
Requirements
- Copy of national ID card
- Passport photo
- KRA pin copy
Pamoja Chama Account
This is a savings account for formal and informal groups i.e. (chamas or merry go round) with the aim securing and preparing for investment opportunities.
Features
- Easy account opening requirements
- No monthly ledger fees
- No account maintenance fees
Benefits
- Safe place to keep your money, U&I is licensed by Central Bank of Kenya
- Free Financial advice
- Members can individually access loans
Requirements
- Copy of national ID card
- Passport photo
- KRA pin copy
U&I Microfinance Branches and contacts
Main Office
: +254 713 112 791
: info@uni-microfinance.co.ke
: 1st Floor Asili Complex, RiverRoad
P.O Box 15825-00100, G.P.O Nairobi.
Gikomba Branch (Area 42)
: +254 796126940
: info@uni-microfinance.co.ke
: Gikomba Office Area 42,
P.O Box 15825-00100, G.P.O Nairobi.
Thika Branch
: +254 726223569
: info@uni-microfinance.co.ke
: Thika Arcade Building – Ground Floor,
P.O Box 15825-00100, G.P.O Nairobi.
Matuu Branch
: +254 794 182237
: info@uni-microfinance.co.ke
: Kijimax Building,Bidii Street, 1st Floor.
P.O Box 15825-00100, G.P.O Nairobi.
Ruiru Branch
: +254 0113 945 332
: info@uni-microfinance.co.ke
: Kingára Building, 1st Floor
P.O Box 15825-00100, G.P.O Nairobi.
Who is eligible for a loan and how much money can I borrow?
Any Kenyan who is over 18 years and possesses a national ID is qualified for a loan. You are only required to prove that you are able to repay your secured loan. For example if you are in business, you show that the business can support the loan. The amount of the loan will depend on the need of your business and ability to pay.
Where are the U&I Microfinance Bank offices?
Our offices are in Nairobi CBD as well as gikomba (See Our Branches under Contact Us pages). We have made every effort to bring our services as close to you as possible