Lenders offer quick loans to salaried employees because a regular monthly income makes it easier to determine whether the client can afford the loan or not. Being formally employed and earning a monthly salary gives you a bigger chance of being approved for a loan.

If you’re looking for a loan for salaried employees in Kenya, understanding what lenders look for can help you prepare before applying.

What do lenders look at?

When you apply for a loan, lenders will usually look at things like:

• Your monthly income
• Whether you’re employed
• Your salary deposits into your bank account
• Your credit profile
• Whether you can afford to repay the loan

Meeting these requirements doesn’t guarantee that your loan will be approved. They simply help lenders make responsible lending decisions.

What documents do I need?

If you’re applying with Unifi, you’ll need:

• Your latest payslip
• Your latest bank statement
• Your original National ID

You don’t need collateral, an employer MOU or a check-off agreement.

What will my loan cost?

Before you accept a loan, make sure you understand:

• The interest rate
• Any initiation fees
• How long you’ll have to repay the loan
• What your repayments will be
• What options are available if you need more time to repay

At Unifi, we explain all the costs upfront, so you know exactly what you’re agreeing to before you accept your loan.

Salaried Employee Loans in Kenya: FAQs

1. Do I need collateral?

No, the only requirements are that 1) You’re formally employed; 2) Your salary is paid into a bank account; 3) You have your latest payslip; 4) You have the latest month’s bank statement; and 4) You have an original National ID

2. Does my employer need to approve my loan?

No. You don’t need an employer MOU or check-off agreement.

3. What documents do I need?

You’ll need your latest payslip, latest bank statement and original National ID.

Ready to apply?

Getting started is easy.

First, get a quick online quote to see what you could qualify for here. It only takes a few minutes and there’s no obligation to take the loan.

If it’s your first time applying with Unifi, visit your nearest Unifi branch with your latest payslip, latest bank statement and original National ID. One of our loan consultants will check your documents and complete your application with you.

If you’re approved, your loan will be paid into your bank account, or as mobile money or cash, whichever is most convenient for you.