This is an advance available to salaried individuals for unforeseen emergencies.

1 Month Advance:

Features

  • Minimum advance amount is Kshs.10,000
  • Maximum advance amount is Kshs.100,000
  • One off fee of 10% of amount to be advanced
  • Bank finances up to 50% of net monthly average salary for the last 3 months
  • Documentation fees of Kshs. 250
  • No security is required
  • Turnaround time within 24 hrs

3 Month Advance:

Features

  • Minimum advance amount is Kshs.15,000
  • Maximum advance amount is Kshs.250,000
  • One off fee of 20% of amount advanced
  • Bank finances up to 100% of net monthly average salary for the last 2 months
  • No security required
  • Turnaround time within 24 hrs
  • Introduction by Staff or existing customer
  • Documentation Fees of Kshs. 250
  • A positive report from the Credit Reference Bureau

Requirements

  • Open a savings account
  • Post-dated cheques for the full amount to be advanced
  • Latest 2 pay slips
  • Recent 2 passport photos
  • Copy of ID and PIN Certificate
  • Three Months Bank Statements where salary is channeled
  • The first repayment will be from the first salary following the advance

Eligibility

  • Employees of Banks other than Jamii Bora Bank
  • Employees of NSSF
  • Employees of NHIF
  • Employees of Safaricom
  • Employees of Communications Commission of Kenya
  • Employees of Universities (University of Nairobi, Kenyatta University, Maseno
  • University, Egerton University, Mount Kenya University, KEMU etc.
  • Any other organization as may be approved by the bank