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Personal Secured Loan

Progress at times requires a little boost.

Our lending solutions could help you get there

Know about Personal Secured Loans

Personal Secured Loans

Progress at times requires a little boost. Whether you are putting together a project/business, purchasing assets, furthering your education or building/buying your dream home, our personal loan solutions form the building blocks to your growth.

At Credit Bank, we support individuals looking to grow themselves. We grant you access to credit, no matter the reason.

Clients must have operating accounts with the bank (at least 6 months for salary advance). Requires security such as titles, log books or cash collateral.

Insurance Premium Financing available (where necessary). .

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Your Personal Secured Loan Benefits

Achieve more with your Personal Secured Loan

  • Flexible Payment Period

    Get repayment periods that match your needs, up to a maximum of 60 months (5 years).

  • Quick Access to Funds

    Existing Credit Bank current account customers could receive the money instantly once your application has been approved and the loan agreement has been signed.

  • Make overpayments free of charge

    Manage your finances the way you want with the flexibility to overpay, which could reduce the amount of interest you have to pay.

  • Get a quick decision

    If you've got a Credit Bank current account you can get an instant credit decision, while non-Credit Bank current account customers should get a credit decision in 2 to 5 working days.

  • Insurance Premium

    Insurance Premium financing available that requires security or collateral such as titles, log books or cash collateral.

Personal Secured Loans Required Documents

Basic documents required to get a Personal Secured Loan

Color & Passport Size
Photographs

Duly Filled Application Form

Non Resident

For Resident

One month statement from your current bank

Proof of Residence

Questions & Answers

Find answers to all your queries about our service.

Help You to Find

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  • When will I receive my account statement?

    You will get your Free periodic E-Statements (on request).

  • What are the requirements for signing up on internet and mobile banking?

    To register for the service, one must have an existing account with the Bank. And follow the following steps: Using the link https://creditbank.co.ke/ select ‘Register a new individual user’ Enter the valid account number and registered mobile number Enter the One Time Password (OTP) sent to the mobile number Enter your preferred username and set a password as per the password rules and confirm Select and set the security questions and confirm Accept the Terms and Conditions If successful, you will be directed to the login page and an SMS and email confirmation will be sent by the Bank to ...

  • What is the transaction cut off time for an EFT/RTGS?

    RTGS cut off time is 2pm (EAT) on a working day. Any transaction done after the cut off will be processed during the next working day. EFT cut off time for same day processing is 4 pm (EAT) on a working day. Bulk Payments cut off time is 4 pm (EAT) on a working day.

  • How safe/secure is our net banking a/c?

    We have put in place the highest security standards such as: Two Factor Authentication for transactions High End Encryption and Device Authentication.

Need more answers, contact us.

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Experience a New Digital World.

Konnect Mobile banking application offers new exciting features.

More Options

Empowering you to grow takes a special place at the heart of our operations. elev8HER is designed just for you and offers more than just financial solutions. We seek to be the friend you can bank on for your growth. Join elev8HER today and get exclusive access to:

  • ~elev8HER Community – a chance to market your business to others
  • ~elev8HER Health – activities such as walks, free check-ups and more
  • ~elev8HER Newsletter – with business insights and features a client each month
  • ~elev8HER Visa Debit Card – a card just for you
  • ~elev8HER Site – this comes with learning modules and expert opinions on various matters
  • ~elev8HER Café – features business moguls to learn engage and prosper

 

Insurance Options

HER Car Insurance

 

With elev8HER, we have curated our motor vehicle insurance options just for you. We have the following options:

  • ~HER Private Motor Vehicle Cover – this covers all vehicles used for personal, social and pleasure purposes.
  • ~HER Commercial Vehicles – this cover is for all vehicles used in the line of doing business.

This insurance cover indemnifies you in respect of accidental damage including collision, fire, theft of the vehicle and third party liabilities.

 

HER Business Insurance

 

This is a comprehensive insurance that covers your property against any accidental and unforeseen loss or damage. It offers a wide range of unique benefits depending on your needs. The following policies are available under this class among others:

  • ~Fire and Allied Perils (Burning flame, explosion, impact, flood, malicious Damage)
  • ~Burglary policy including holdup
  • ~Cash in transit/Goods in transit
  • ~Home Insurance (Domestic Package) – Sections A,B,C,D, E & F
  • ~All risks
  • ~Fidelity Guarantee policy
  • ~CAR
  • ~WIBA

 

HER Health Cover

 

This cover is suitable for you and your employees. You can now have peace of mind together with your employees with our medical cover. Credit Afya Health product is designed for both individuals and SMEs and offers the following:

  • ~Inpatient and outpatient cover
  • ~Various memberships for free – Mums Club, Senior Club, Maisha Fit among others
  • ~Terms and condition will vary for different clients and different requirement.

 

HER Travel Insurance

 

Travelling the world? This cover is for you if you are travelling for leisure or business and offers you the following:

  • ~Emergency Medical and related expenses
  • ~Loss of Baggage
  • ~Travel inconveniences
  • ~Personal accident

The cost of this cover is normally dependent on number of days of travel, country of destination, country of destination, your age and type of visit.

eHub

eHub is a platform designed to enable your small and medium sized enterprise (SMEs) scale and become competitive across industries. eHub provides a platform for you to network, learn and do business. Non-financial service package include access to e-hub for free/discounted rates:

  • ~Access to eHub Accelerator programs
  • ~Access to eHub Circles
  • ~Access to eHub Mentors
  • ~Access to eHub Masterclass
  • ~Access to eHub One on one coaching sessions
  • ~Women Café – monthly talks on pertinent issues affecting women in business and women in general

Learn more here.

 

Financing Options

HER Business Loan

If you have run a small and growing enterprise for at least three years, this term loan is designed to meet your financing needs.

What You Get
  • ~Access loan value of up to KES 10 million
  • ~Preferential interest rate
  • ~Last two months interest rebate upon full redemption of loan and consistent repayment with no incidence of arrears.
  • ~Access to other elev8HER products such as insurance packages with discounted premiums, and non-financial service package including access to eHub for free

 

HER Start-Off Loan

 

If you have run a micro and small enterprise between one and three years, this term loan is designed to meet your financing needs.

 

What You Get

 

  • ~Access loan value of up to KES 3 million
  • ~Preferential interest rate
  • ~An unsecured option is available
  • ~Last two months interest rebate upon full redemption of loan and consistent repayment with no incidence of arrears.
  • ~Access to other elev8HER products such as insurance packages with discounted premiums, and non-financial service package including access to eHub for free

 

HER Trade Loan

 

Sometimes cashflows are tight. This solution is meant to ease your cash operations in the short term. Access this financing with your LPO/LSO contracts. Open an elev8HER account for business transactions to build your business banking record.

 

What You Get

 

  • ~Get up to 70% cash value on your LSO/LPO contracts
  • ~If you have an invoice yet to be paid, our Invoice Discounting offers up to 70% cash value
  • ~Access training and coaching through eHub and other non-financial services .
  • ~Access to other elev8HER products such as insurance packages with discounted premiums, and non-financial service package including access to eHub for free as above

 

Her Digital Loan (Women Pre-Approved Cash Loan)

 

Need quick cash? CB Konnect, our mobile banking app, gives you access to quick loans based on your transaction history with no security required.

 

What You Get

 

  • ~No collateral required
  • ~Access to other elev8HER products such as insurance packages with discounted premiums, and non-financial service package including access to eHub for free as above
Account Options

HER Personal Account features:

  • ~No Monthly Charges 
  • ~Minimum operating balance Kshs. 2000
  • ~Charges via Digital Channels apply

HER Business Account features:

  • ~Get unlimited access for a flat monthly fee of KES 500

  • ~No charges for Cheque Book

  • ~Access to a Visa Debit Card*

  • ~No minimum or operating balance
  • ~Charges via Digital Channels apply