Personal Loan

A personal loan the borrowing a sum of money from a financial institution for personal use. Individuals may use the money for almost anything; some examples are a vacation, a car, home improvements or bill consolidation. The borrower will make monthly payments to the financial institution repaying the sum borrowed plus interest. Personal loans give individuals the financial ability to make purchases without saving the funds first.

Examples of personal loans

Barclay loan

Barclayloan is for those who need a loan for personal uses only for example vacations, moving houses and improving ones home and personal expenses. This is an unsecured personal loan product for salaried customers, which is tailored to meet personal expenditures.

Features:

• Unsecured facility of up to Ks 1,000,000
• Competitive interest rates
• Maximum repayment term of 72 months
• Repayments from your own account

KCB Personal loan

The KCB Personal Loan gives quick and convenient access to cash that is needed for school fees, a car, medical bills, home improvement and renovations, purchase of furniture, appliances, farm inputs and other personal needs.

Features:

• Both Secured and Unsecured loans
• Competitive interest rates on reducing balance
• Quick loan processing
• Flexible loan repayments