If you’re an employed Kenyan and don’t have enough savings to cover the cost of an unexpected expense, an emergency loan could be an option. Here’s what to know before you apply, what you’ll need and how to get started with Unifi.

Sometimes, an unexpected expense just can’t wait until payday. If you don’t have enough money set aside to cover it, a loan may help you manage the cost.

When should you consider an emergency loan?

How to apply for an emergency loan in Kenya

First, consider whether there’s another way to pay, such as using savings or arranging a payment plan. If you decide to borrow, work out how much you need and what you can afford to pay back.

If you’re formally employed and your salary goes into a bank account, here’s how to get started.

Start with the expense you’re trying to cover. Whether it’s a car repair or a medical bill, calculate the amount you need and avoid borrowing more than that.

1. Work out how much you need

2. Check if you qualify

Every lender has its own requirements. These usually include having a regular income and meeting certain eligibility and affordability criteria.

At Unifi, we offer unsecured personal loans to eligible formally employed Kenyans in both the private and public sectors, provided they receive their salaries through a bank account.

3. Know what you’ll pay back

Before taking out a loan, make sure you understand the interest rate, any fees, your repayment period and the total amount you’ll pay back.

It’s also worth checking how the repayments will fit into your monthly budget. You still need to cover things like rent, food, transport and other regular expenses.

4. Get your documents together

Applying with Unifi for the first time? You’ll need three things:

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

Have these ready before visiting a branch to help you prepare for the application process.

5. Apply for your loan

If you’re a first-time Unifi client, visit any Unifi branch so we can verify your documents and process your application.

Want to get an idea of your potential loan amount first? Get a quote online before heading to a branch.

Already a Unifi client? You can access available loan services through the Uniapp by dialling *552# or sending us a WhatsApp message on 0702 552 552.

All applications are subject to assessment and approval.

Can you get an emergency loan without collateral?

Yes. Some loans don’t require you to put up an asset, such as a car or property, as security. These are known as unsecured loans.

Unifi offers unsecured personal loans to eligible employed Kenyans. You don’t need collateral, an employer memorandum of understanding (MOU) or a check-off agreement.

Before accepting any loan, make sure you know how much you’ll repay and what fees apply. It’s also important to understand what happens if you miss a payment.

What should you think about before borrowing?

When an unexpected expense comes along, it’s easy to focus on sorting it out as quickly as possible. But it’s worth taking a moment to think about the repayments, too.

Ask yourself:

• Can I afford the repayments from my salary?
• Is there another way to cover this expense?
• Do I understand how much the loan will cost in total?
• Will I still have enough for my everyday expenses after making the repayments?

A loan should help you manage an expense, not leave you struggling to cover the basics next month.

Need an emergency loan? Get a quote from Unifi

When an unexpected expense can’t wait, knowing your options can make things a little easier.

Unifi offers unsecured personal loans to eligible formally employed Kenyans. To get started, request a quote online or visit any Unifi branch with your original National ID, latest payslip and latest bank statement.

Already a Unifi client? Dial *552# or WhatsApp us on 0702 552 552 to access available services, including making a payment.

Frequently asked questions

Can I get an emergency loan if I’m employed?

Yes. Some lenders offer loans to formally employed people. You’ll need to meet their eligibility requirements and show that you can afford the repayments.

What documents do I need to apply?

For your first Unifi Kenya application, you’ll need your original National ID, latest payslip and latest bank statement.

How quickly can I receive an emergency loan?

At Unifi, we aim to make applying for a loan quick and straightforward. Once your application has been assessed and approved, we start the disbursement process. Depending on the verification and application requirements, the timing may vary, but we aim to pay out your loan within an hour of applying.

Can I apply for an emergency loan before payday?

Yes, if you meet the lender’s requirements. Before you apply, think about when your repayments will be due and whether you’ll still have enough from your next salary to cover your other expenses.

Unexpected expenses happen. If you’re considering an emergency loan, take the time to understand your options, check what you’ll pay back and choose an amount that works for your budget.