NCBA Bank Loans, Eligibility & Rates

1. Digital Personal Loan

NCBA's Digital Personal Loan offers quick access to funds via the NCBA NOW app or USSD *488#, ideal for urgent needs without collateral. Borrowers need at least six months as an NCBA customer with an active personal current account, plus a positive CRB listing and recent M-Pesa statements for verification. Limits start at KES 1,000 up to KES 1 million, with tenures from three months for smaller loans to 12 months for larger ones, all at an indicative 13% reducing balance rate including credit life insurance.

This loan suits salaried individuals in Nairobi seeking instant approval, often disbursed within hours after app-based checks. Additional fees like account services apply, but no security is required, making it faster than branch visits. Early repayment options exist without penalties in many cases.

2. Unsecured Personal Loan

Tailored for bigger ambitions like education or debt consolidation, NCBA's Unsecured Personal Loan provides up to KES 8 million without collateral, repayable over 120 months. Eligibility targets employed Kenyans with stable income, verifiable through payslips, and a clean credit history; apply online, via app, or at branches. Rates hover at 12.5%-14% APR on reducing balance, with quick processing for existing customers.

In Kenya's competitive market, this loan stands out for flexibility, funding milestones from weddings to business starts. No asset tying frees borrowers, though higher limits demand stronger income proof like six-month bank statements. Bancassurance covers death or disability risks.

3. Secured Personal Loan

For higher amounts up to KES 10 million, the Secured Personal Loan requires collateral such as vehicles or property, lowering rates to 12.5%-14% APR over 12-60 months. Eligible applicants include those with steady employment or business income, submitting asset valuations, IDs, and CRB clearance; overdraft holders often qualify easily. A 1% origination fee plus insurance applies.

This option appeals to Nairobi homeowners or car owners needing substantial financing, with buy-back flexibility from other banks. Repayments align with cash flow, and fire or mortgage protection policies safeguard the loan. It's ideal for asset purchases where security offsets risk.

4. Overdraft Facility

NCBA Overdrafts provide revolving credit linked to current accounts, perfect for short-term cash gaps in personal or business use. Eligibility demands an active NCBA account with regular deposits proving affordability, typically for six months, alongside good CRB status. Limits scale with income, from KES 500 minimum, at 13%-15% interest charged only on drawn amounts.

Users in Kenya's dynamic economy value its accessibility via app or USSD, avoiding full loan applications for emergencies. No fixed tenure means repay-as-you-earn flexibility, though exceeding limits incurs 2% monthly late fees. It's best for disciplined borrowers managing daily floats.​

5. Secured Business Loan

Designed for Kenyan SMEs expanding assets or operations, this loan offers tailored amounts up to millions, secured by property or inventory, with tenures to 60 months for CAPEX or 36 for working capital. Businesses must show registration, cash flow statements, projections, and collateral; individuals in trade qualify too. Rates range 12%-14% based on risk assessment.

Nairobi entrepreneurs leverage it for diversification, with flexible securities and repayment tied to revenues. Non-customers apply at branches, gaining from NCBA's extensive network. Insurance against default protects both parties.

Application Process

Start by checking eligibility via NCBA's website, app, or *488# USSD for digital options. Gather documents: national ID, recent payslips or bank statements (6-8 months), M-Pesa mini-statements, and CRB listing; secured loans add asset titles. Submit online for unsecured/digital loans or visit 50+ branches in Nairobi and counties for personalized quotes. Approval takes hours to days, with funds disbursed to your account.

Use the loan calculator on ke.ncbagroup.com for repayment simulations factoring 13% base plus fees. Relationship managers assist complex cases, ensuring tailored terms.

Key Considerations

Rates start at 12.5% but vary by profile, tenure, and Central Bank of Kenya caps; always confirm current quotes as they fluctuate. Watch in-house fees: 1% origination, debt reserve, and 2% late penalties. Early settlement saves interest without penalties on most products. Maintain good credit via CRB for better terms.

For Nairobi residents, NCBA's digital tools cut queues, aligning with fast-paced life. Compare with peers like KCB, but NCBA excels in high limits and app access. Consult branches for forex options if dealing USD equivalents