List of Absa Bank Kenya Loans

List of Absa Bank Kenya Loans. Kick-start your financial planning for big life events or simply be prepared for sudden expenses with a personal loan that offers competitive interest rates and fees, plus gives you access to affordable credit life insurance.

Use our loan calculator to estimate what your loan repayment would be.

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Personal Loan

Borrow up to KES6,000,000 with flexible repayment options of up to 96 months, without providing collateral as security. Your income determines the maximum amount you qualify for, and the monthly repayment is deducted via a debit order from your Absa account.

If the company you work for has an MNO agreement with Absa, you can apply for a scheme loan. This means that repayments are deducted directly from your salary. This is available to self-employed, employed or contract workers.

It only takes a few minutes to apply online. Make sure you have all your documents ready.

Get a personal loan

Get a personal (scheme) loan

Documents required

A copy of your national ID (only if you are not an existing Absa customer)
3 months’ bank statements (only if you are not an existing Absa customer)
A copy of your most recent payslip
A copy of your signature on any white background
If you are buying out a loan from another institution, provide a loan statement
Credit Life Insurance document. You can download this once you start your application
Credit Life Insurance declaration. You can download this once you start your application
Employer verification checklist. This is based on your insurance product, you can download this once you start your application

Home Loans

Buy a home

With an Absa Mortgage loan, you can buy the home of your dreams and move in without a hassle.

Affordable housing financing up to KES8 million at 9.5% interest p.a. (fixed rate)
Borrow up to 90% of the property value with repayment of up to 25 years
Borrow up to 80% on a business home loan with repayment of up to 20 years
Security charge over property applicable
Available for property in Kenya only
See finance and cost breakdown

Re-mortgage

If you already have a mortgage loan you can transfer it to Absa and benefit from excellent benefits such as competitive interest rates and flexible repayment terms.

Value of property must be more than KES2m (Nairobi) and KES1.5m (up country)
Interest rate from 12.75% to 14% on reducing balance
0% deposit required and up to 25 years tenure depending on retirement age
Discharge and charge over property applicable as security
See finance and cost breakdown

Construction loan

Build your home exactly as you want it. We offer up to 12 disbursements to help you keep track of your building project. Bill of quantities (BQs) must be drawn by independent and qualified quantity surveyor.

Affordable housing financing up to KES8 million at 9.5% interest p.a. (fixed rate)
Up to 100% finance if you own the property (subject to value of land)
Maximum 20-year payback period
Fixed-price contract for amount above KES10m
9-month moratorium during construction after which repayment starts
Interest paid only on the amount drawn
Building plans must be approved
Construction site must be urban property intended for residential use
Pre and post-construction evaluation fees are applicable
Stage valuations are done throughout the construction process
See finance and cost breakdown

Equity release loan

The value of your property can be used to release funds that you need for emergencies, renovations, projects or any other purpose.

Up to 80% of the value of your property in cash
Repayment period of 15 years
Value of property needs to be more than KES2m (Nairobi) and KES1.5m (up country)
Security charge over property is applicable
Valuation fees are 0.25% of property value
See finance and cost breakdown