How to get Salary Advance Loan from Kenyan Banks



Salary advance loan, which you can obtain from Kenyan banks, can save you a great deal.Picking top banks,which include Equity,KCB,Co-perative,NIC and Barclays,we provide detailed procedure of applying for a soft loan in terms of salary advance.


Equity bank is the largest bank in terms of customer base. The bank offers salary advance loans to thousands of Kenyans annually. If you want to apply for this loan, here is the procedure to follow.

Salary Advance


  1. The loan is advanced up to Kshs. 300,000/- depending on the customer’s profile as defined by the bank from time to time to help the salaried customers meet emergency needs.


  1. It is Easy:
  • No security requirements up to Kshs. 300,000/-.
  • Automatic debits from customer’s accounts for repayments (on instruction), no need to travel to the bank and queue.
  1. It is Fast:
  • Quick loan processing and disbursement
  1. It has Added Value:
  • Loan insurance against death and disability.


  1. Be an active holder by remitting at least three month’s salary into Equity bank account
  2. Confirmation letter / Introduction letter from employer


NIC is also another bank that you can get salary advance without many conditions. Features of the loan include:

  • Maximum amount is 60% on net income repayable on receipt of salary (maximum one month)
  • Facility is accessible 3 times a year
  • Customer must have been banking with NIC and salary received on current account for a minimum of 6 months

To get the loan you need a copy of your ID and transcripts.


Another bank highly recommended for salary advance is cooperative bank. This bank offers the loan with less than 14 % interest rate. The loan is dubbed Flexi Cash Salary Advance and is given to any individual with a an account at the bank.

Flexi Cash Salary Advance Features



Flexicash is a salary advance that will help you meet unexpected expenses in the course of the month. It is also available to our customers who have their salaries or regular income paid through us.

You can borrow any amounts between Kshs 3,000 to a maximum of Kshs 100,000. Recovery is done within 30 days in one instalment.
Flexicash does not require any security, and is processed instantly, hence the prefix ‘flexi’ which is borrowed from ‘flexible’.


  • Apply for Flexicash today and beat those ‘mwezi kona’ blues!


KCB Bank, the largest bank in East Africa in terms of assets, also ranks as one of the best banks to apply for salary advance. The bank processes the loan within 24 hours and within two days you will have the money in your account.

KCB Salary Advance features

This short term loan is open to all salaried employees who have a KCB bank account in order to meet their urgent needs.


  • Up to 1.5 times your salary or Kshs 100,000 for permanent employees.
  • Up to 100% or Kshs 100,000 for contract employees.
  • No security required.
  • Quick turnaround time.

Standard Requirements

  • Must have had an account with KCB for at least 3 months
  • Original and copy of National ID or passport
  • Latest pay slips (original)

Rates & Fees

  • Interest rate and other fees e.g. negotiation fees to be advised by the personal banker at your branch.

*Salary Advance also accessible through KCB mobile banking (*522#) or KCB App.


National Bank also has good news for account holders. The financial institution offers unsecured loans, which include salary advance loans. Conditions and application procedure are as follows.

At National Bank, we understand the needs of our customers’ and we have personal solution to each of our customers and we are offering a tailor made solution to each of our customer.
Our unsecured personal loan helps you achieve your dreams – best education for your children, watch the next world cup in Brazil, shopping in Dubai, make improvements on your home ,take advantage of a great investment opportunity, post-graduate studies for yourself, a much-needed overseas holiday for the whole family.
Your dream is just an application away with National Bank Personal Unsecured Loan.

• Salaried on permanent and pensionable terms in a reputable organization.

• The minimum amount you can borrow is Kshs 50,000; the maximum Kshs 4million.
• Flexible repayment options – you get up to 6 years to repay the loan.
• Interest rates calculated on reducing balance basis.
• No security needed.

• Competitive interest rates
• No security needed
• Credit Life & Retrenchment Insurance Policy
• Convenience and easy access; service at your doorstep.
• Easy access of your money via ATM, Mobile banking and internet banking.
• Loan top up available.

Documents Required
a. National Bank Customers

  1. Proof of income – latest 3 months certified copies of pay slips.
  2. Copy of ID/ passport.
  3. One passport size photograph.
  4. Letter of introduction from employer on company letter head.
  1. Non-National Bank Customers
  1. Introduction letter from employer on company letterhead
  2. Six months original bank statements from current bankers, where salary is processed.
  3. Copy of ID / Passport
  4. Proof of income – latest 3 months certified copies of pay slips.
  5. One passport size photograph

Other information.

  • The Bank reserves the right to approve or decline an application.
  • The applicant will be checked up against the Credit Reference Bureau.
  • The Bank reserves the right to change the interest rate.

Please fill in the following information for an estimation of your repayment amount. The Approximate Monthly Repayment figure for Personal Loan is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final amount that can be borrowed.

Amount you want to borrow (Kes) * (Upto Kes 4,000,000 )______
Personal Solution (Personal Loan + Credit Card + Current Account) Interest rate * 16.5%
Personal Solution Lite (Personal Loan + Current Account) Interest rate * 17.5%
Personal Loan Interest rate * 19.9%
Your preferred repayment period in months (minimum 6 months – maximum upto 72 months)*
Monthly repayments____