- An advance given to salaried employees to be repaid the next salary date
- Kachangu loan is acquired online through NBS Bank digital platforms
Target customers
- Salaried customers whose schemes are available on Employers Portal
Loan Limit
- 40% of Net Income Pay
- Minimum of K30,000.00 to a maximum of K1,000,000.00
Charges
- Commission Based
- 5% with a minimum charge
- Zero interest rate
Benefits
- Easy and convenient
- Customers can apply in the comfort of their own home/offices/anywhere.
- Available 24/7
- Zero paperwork
- Instant disbursement of funds
- Minimum processing time (less than 10 mins)
Loan Requirements
- Salary account with the bank
- Clean CRB report
- Record of 3 salary transactions in the system
- National ID
- Salary being processed by NBS bank
Loan Repayment Period
