Kingdom Bank is one of the best banks in Kenya for salary advance loan. You will get a loan of Ksh 20,000 to Ksh 6,000,000. The interest rate is 17% on reducing balance. Repayment is up to 120 months.
The best thing with Kingdom Bank is that it doesn’t have hidden charges. They will also not increase interest rate, the one listed on the website is the one to be charged.
What is required
3 latest payslips
Copy of National ID Card
Copy of KRA PIN
All you need is to open an account and apply for the loan.
Who qualifies for the loan
If you are a government employee, you will easily get the loan because your job is stable. The loan is also targeting NGO and private institutions employees. But those with stable jobs will get the highest amount of money.
Why salary advance is important
Salary advance will help you pay your bills and solve emergency financial issues. If you want to start a business, go for salary advance. You might also get medical emergency—salary advance will help you. Your car will also need urgent repair, salary advance will help you. You may need money for shopping or school fee, salary advance will come in handy.
