In need of emergency cash, or financing for your personal needs? Allow us to serve you
It is a financial product that complies with the Islamic principles which prohibits interest and offers alternative to cash loan offered in conventional banking segment. Shariah compliant personal finance product that supports salaried customers to access financial solution through Absa.
Scheme facility
- Unsecured schemes personal financing
- It is a fixed profit rate and as per the available schemes agreement
- Gross monthly income as per the available scheme’s agreement
- Maximum facility amount KES6,000,000
- Maximum term as per scheme's agreement
Non-scheme facility
- For individuals whose salary is channelled through Absa Bank Kenya
- It is a fixed profit rate
- Gross monthly income as per the available segmentation
- Maximum Facility amount KES6,000,000
- Maximum term as per segmentation
- Premier unsecured facility: Minimum evaluated income criteria – KES300,000 and above. Unsecured facility of up to KES6,000,000 - Minimum facility limit – KES50,000. Maximum repayment term of 72 months. Number of salaries sighted in Absa - 6
- Prestige unsecured facility: Minimum evaluated income criteria – KES100,000 and above. Unsecured facility of up to KES5,000,000 (for income200,000-300,000) and KES3,000,000 (for income 100,000-200,000) - Minimum facility limit – KES50,000. Maximum repayment term 72 months/minimum 6 months. Must hold an active salary account for 9 months with Absa.
- Absa unsecured facility: Minimum evaluated income criteria – KES35,000 and above (Note: top ups only). Unsecured facility of up to KES1,500,000; minimum facility limit – KES50,000. Maximum repayment term of 60 months/minimum 6 months. Must hold an active salary account for 9 months within Absa.
Absa Direct
- Available for employers with salary mandate MOU (memorandum of understanding), with bulk salary processing by Absa
- It is a fixed profit rate .
- Maximum Facility amount KES6,000,000.
- Minimum term is 6 months (12 months for mass amounts)
- Minimum evaluated income KES20,000-30,000
- Top-ups allowed of minimum KES50,000 – after 6 months' loan repayment
- Salary irrevocable letter signed by both employer and employee
- The customer must have worked for 6 months in the current employer
Need more help?
Call us on:
+254 (20) 3900000 (Landline)
+254 (722) 130120 (Mobile)
+254 (732) 130120 (Mobile)
Email us:
absa.kenya@absa.africa
