Scheme loan

Key Facts

Our unsecured personal loans come with repayment on payroll and at rates negotiated with selected companies or organisations.

On the scheme loan you get:

  • Quick approval process
  • Loan amounts of up to K300,000.00
  • Flexible repayment period ranging from 12 months up to 60 months
  • Competitive interest rates
  • Convenience of not having to plan for repayment every month - repayment is off payroll
  • Easy and convenient application process.

Who is eligible?

Credit-worthy salaried employees working for selected employers who have signed a scheme agreement with Barclays and at least 18 years of age and a maximum of 55 years for civil servants, 60 years for private sector employees and 65 years for professionals (lawyers, judges, medical doctors and university lecturers).

What fees are charged?

A single facility fee is charged upon approval of the loan. Refer to the current tariff guide available at all our branches and sales centres or call 5950 on any mobile network.

Is there insurance cover?

Scheme loan carries credit life insurance cover against death and permanent disability.

How to apply

Applications may be done at any branch.

What documents are needed?

  • Proof of identity (national registration card, valid passport or valid driver’s licence)
  • Latest three months payslips
  • Completed application form
  • A copy of the contract (if on contract).