General Insurance Loan

General Insurance loan provides opportunity for a member to pay for general insurance to cover their assets i.e. vehicles, houses, business against accidents, fire, theft etc. A Member is allowed to access a development loan alongside other loans subject to shares, deposits and payslip capacity. Loan maximum amount is K2,000,000 but the loan amount should be 3 times the member’s shares and savings payable directly to the Insurance Company. Repayment period is 6 months for Third Party and Comprehensive Vehicle Insurance while for General Insurance repayment period is between 6-12 months depending on the amount. Insurance loan has an interest rate of 2.5% monthly or 30% per annum. This loan type has a loan processing fee of 5% for a maximum of K250,000 and it is processed within 48 hours. 


  • Be a member for 90 days
  • Contact your closest branch to check how much loan can be taken depending on your shares and current loans if any or check through Mobile Banking by dialing *327#
  • Provide National ID, Driving Licence and Bluebook
  • Fill a loan application form and get it approved on salary deduction
  • Provide a pay slip
  • To download application form click here