Intended for educational advancement, this loan can be taken out by parents/guardians for students or by salaried individuals who wish to further their studies.
Benefits
- Attractive competitive interest rates
- Quick loan processing.
- Loans of up to Kshs 300,000 repayable over a maximum period of 24 months (2 years).
Standard Requirements
- Must have had an account with KCB for at least 3 months
- Original and copy of National ID or passport
- Latest original pay slips.
- Proof of income if self-employed.
- Admission letter from the university/college
Rates & Fees
- Maximum repayment period is 24 months (2 years).
- Interest rate of 13% (CBR rate 9% plus Bank Variable margin of 4%)
- Negotiation fees of 2.5%
- Other fees e.g. insurance premium to be advised by the personal banker at your branch
