1.0 Low Ratio Personal Loan

We understand your financial needs and have the right products for you.

Whether it's just an occasion to celebrate or you need extra cash, KESS has just the right product for you.

 Low Ratio Loan

1.0     Low Ratio Personal Loan (6/10 FN X 6FN  or 6/10 MO X 3MO SHORT TERM LOAN)

As a secured loan, you can borrow up to 60% percent of your earnings multiplied by the quarter of the total pay periods, 26 fortnights, or 12 months respectively. Loan Terms is STRICTLY 6 fortnights or 3 months and below.

Example: (1) FORTNIGHTLY:  If you earn K600 a fortnight you can borrow a maximum of K2,160.00.  (6/10 x K600.00 x 6 fortnights = K2,160.00)

Example: (2) MONTHLY: If you earn K2,500.00 a month you can borrow a maximum of K4,500.00. (6/10 x K2500.00 x 3 months = K4,500.00)

Under this loan ratio, you can apply multiple times during the same periods only when your credibility status evaluation is maintained well within the required level.

Features

• K500.00 minimum loan

• Loans can be accessed multiple times within the same repayment periods 

• Maximum loan is K20,000.00

• Loan interest charged is 15% per annum at Flat Rate

• Minimum loan repayment term is 1 fortnight or 1 month

• Maximum loan repayment terms is 6 fortnights or 3 months

• Your fortnightly or monthly pays are used as security and any transfer from them apart from the scheduled deductions is subject to approval by KESS Lending terms and conditions

• Online Loan Application Form is available on the Loandisk Client Portal.  

• To access the Application form, submit your loan request using the Loan Request Form on this site.

Benefits

• Secured loan

• Easily accessible

• Instant processing

• Instant access to funds

• Fast repayment at low interest rate

• Zero chances for penalties occurrences

Timeframe

• 24 hours processing for loan amounts from K500.00 – K2, 000.00 

• 1 to 3 days processing for loan amounts exceeding K2,000.00 

• For amounts over K2,000.00, the processing timeframe excludes weekends and public holidays

Fees & Charges

• Loan Establishment Fee (Deductable) – 1 to 2.5 % of Principal amount (Example: K700 Loan; the fee will be K7.00; amount to be credited to borrower’s account K693.00)

• Loan Processing Fee – K50.00 – K250 (Depends on Principle Loan Amount).

• Late repayment penalty charges – 5% on overdue repayment and 7% After the maturity date

• Statement Print requests – K10.00; will be added to the current loan balance; to avoid this charge use your client portal at all times.

How to Apply

• If you are an existing borrower and have access to your client portal, you do not need to complete Loan Request Form. Simply log in to your portal and apply by completing the online application form and submit it.

• If you are new, then send your Loan Request by completing the Loan Request Form on this site.

• Once your request is registered in our system an automatic invitation to Activate your Online Portal will be sent to you via email. Click the Activation Link in the email to create your login credentials. If you have an issue creating your login credentials, we can always assist in creating a temporary one for you which you can change once you log in. 

• Once you are in, this is your private room where all your dealings with KESS will take place and are kept for your consumption. Feel free to browse around and explore every angle and try to grasp what is accessible to you on this site. Use the Online Loan Application Form there to complete it with your loan application details and click submit. If you see a Thank you message then it means your application is successfully submitted.

• You will receive notifications on the status of your loan every step of the way in the processing pipeline or channel via email and mobile text message.

• KESS encourages borrowers to submit online applications through their client portal only. Approved loans are deposited into the borrower’s specified bank account.

Resources

• Loan Request Form