Salary based loan

This loan scheme is designed to assist all salaried workers; these loans are provided to employees in different formal sector for a duration from 12-24 months.

Conditions and Requirements for Salary Based Loans

  • •    Identity card supported by introduction letter from employer
    •    Open account with the bank.
    •    Guarantee from Employer.
    •    Channel the salary to the Bank for at least 3 to 6 months before applying for the loan.
    •    One third of gross salary will be deducted.
    •    Presentation of three current salary slips.


  • •    Monthly loan repayment
    •    Freedom to select loan term
    •    Simple requirements
    •    Low interest rate
    •    Easy access of cash
    •    Short processing time

General requirements to obtain a credit facility

  • A KCBL customer who has a desire to apply for a loan in the institution must fulfill the below requirements before writing application letter.
    •    Must have at least 3months well serviced saving account according to his or her business operations.
    •    Must have a continued/existing registered business/economic project.
    •    Must have a collateral (registered immovable property /house with deed) to secure his/her loan.
    •    Must have good history in other Financial Institutions.
    •    Visit to his /her business site and collateral.

    Coupled with the above requirements later the client will need to submit the  following documents:
    •    Audited accounts of his business
    •    Valid insurance for his/her collateral /property.
    •    Land rent for his/her collateral
    •    Fill the Spouse/Owner’s Consent form
    •    Register his /her collateral in favor of  KCBL.

    Without delay ,a client will get the loan as soon as possible after he/she completed the above requirements and documentation.

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