Unsecured Loan
Get quick and easy access to extra cash when you need it most, no collateral required. Our DTB Unsecured Loan is designed to support salaried individuals looking to finance personal needs such as travel or holidays, cosmetic treatments or improvements, medical expenses, home upgrades, or unexpected emergencies. Enjoy competitive interest rates, flexible repayment periods, and a fast approval process.
Account Overview
Get quick and easy access to extra cash when you need it most, no collateral required. Our DTB Unsecured Loan is designed to support salaried individuals looking to finance personal needs such as travel or holidays, cosmetic treatments or improvements, medical expenses, home upgrades, or unexpected emergencies. Enjoy competitive interest rates, flexible repayment periods, and a fast approval process.
What You Need to Open an Account
The requirements are as follows:
3 months’ latest pay slips
6 months certified bank statements if not banking with DTB
A letter of introduction from your employer in DTB prescribed format
Certified copy of ID/Passport
Certified copy of Pin Certificate
Duly filled application form
Account Features
Access a comprehensive suite of banking services and tools:
- Eligibility
1. Available both for check off and non-check off
2. Available for salaried employees
- Tenor
1. Minimum loan period 6 months and maximum of 96 months
- Loan Limits
1. Minimum Kes. 50,000 and Maximum Kes. 6,000,000 depending on eligibility
- Security
1. Loans are fully unsecured hence no security needed.
- Balance Transfer
1. Able to consolidate all your existing loans with other banks into one loan with us.
- Loan Protection Insurance
1. Credit Life & Retrenchment insurance policy to cover your repayments in case of retrenchment, accidental death or accidental permanent disability.
FAQs
- You may send your enquiry to [email protected] or visit to your nearest branch to make your application.
- The application process is instant.
- Min 50,000 max. 6,000,000 depending on your eligibility.
- Your loan limit is based on your income vs your financial commitments as well as good financial history across all banks.
- The loan duration of from a minimum of 6 months to a maximum of 96 months.
- One off Processing Fee of 2.5 % of the loan amount, charged one off.
- 20% excise duty charged on the processing fee amount.
- Competitive interest rate on a reducing balance depending on the arrangement with your employer
- Credit life insurance premium of 0.036%
NB: interest is subject to change due to prevailing market and regulatory conditions.
- No, your employer does not have to have an MOU with DTB for you to get a loan. You may visit any branch to make your application or write to us on [email protected] and someone will be in touch with you
- Yes, loan top up is available for customers who have serviced their current monthly loan installments on time for 6 months and satisfy the top-up criteria.
- Yes, loan top up is available for customers who have serviced their current monthly loan installments on time for 6 months and satisfy the top-up criteria.
- You must have made timely repayments on previous loans.
- Your existing loan(s) should not be in arrears.
- Your existing loan should have been serviced for greater than 6 months
- You should not have defaulted on any previous loan
