Personal Loans

Mwananchi Credit 3 Months Check-Off Personal Loan: Product Details & How to Apply

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Mwananchi Credit Limited
Civil Servants' 3 Months Check-off Loan
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View the Loan Breakdown
Loan Amount
Ksh3k - 3M
Loan Period
3 months
Interest Rate
42% per loan
Total Cost
(incl fees)
47% - 58% per loan
Product Details
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Total Cost Breakdown (Loan Fees):

  • Interest Maximum: 14% per month
  • Processing fee: 3% of principal amount
  • Insurance fee: 1% of principal amount
  • Application fee: 1% of principal amount
  • CRB fees: ksh300
  • Loan form fee: ksh300
  • Bank Disbursement fee: ksh500‍

Disbursement Details‍

  • Application Method: Branch
  • Disbursement Method: Bank‍

Repayment Details‍

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Check-off‍

Eligibility Requirement‍

  • Smartphone: Not Required
  • CRB: Must be in good standing
  • Income: No Minimum
  • Employment: Required
  • Network: Not Required
  • History: Not Required‍

Documents‍

  • National ID
  • Latest three months pay slips.
  • Latest six months bank statements for the applicant’s salary account.
  • KRA pin
  • Passport photo
  • Duly filled form signed by Employer
  • T&C Link
Our Review
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Pros

  • Early repayments allowed
  • Check-off repayments automated via employer

Cons

  • Only available to civil servants
  • Interest charged per month
  • Disbursement to Bank account charged ksh500
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