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I&M Bank Kenya - I&M Bank Short Term Loan

I&M Short Term Loan

I&M Short Term Loan – Up to KES 300K

The I&M Short Term Loan provides a quick and flexible solution for managing unexpected expenses and handling short-term cash flow gaps. With a streamlined application process and instant access to funds, you can take charge of your finances with ease. Additionally, the 30 Day Loan option allows you to benefit from a cashback reward for early repayment within the first 10 days.

Benefits

Flexible Loan Terms – Choose from 30, 60, or 90-day repayment periods.

Flexible Loan Terms – Choose from 30, 60, or 90-day repayment periods.

Instant Access – Apply and receive funds instantly via the I&M OTG Mobile App or Web.

Instant Access – Apply and receive funds instantly via the I&M OTG Mobile App or Web.

No Collateral Required – Enjoy a hassle-free loan process without the need for security.

No Collateral Required – Enjoy a hassle-free loan process without the need for security.

Early Repayment Cashback – Get rewarded for repaying your loan early within the first 10 days. Only Appliable for 30 Day loan option

Early Repayment Cashback – Get rewarded for repaying your loan early within the first 10 days. Only Appliable for 30 Day loan option

Loan Amounts – Borrow up to KES 300,000.

Loan Amounts – Borrow up to KES 300,000.

Short Term Loan FAQ's

The Short-Term Loan is a quick, unsecured personal loan designed to meet your short-term financial needs. It is disbursed instantly to your account and is repaid in either 1 month, 3 months or 6 months.

You opt in by accepting the terms and conditions the first time you access the Short-Term Loan service on our platform. You can opt out anytime during the application process if needed.

Yes, once you opt in, you can view your loan limit and apply for the loan right away.

I&M Bank Short Term Loan offers a 1-, 3- or 6-Months Loan depending on eligibility. Monthly Installments are only applicable for the 3 months & 6 months loan.

You can access loan amounts from KES 1,000 to KES 300,000.  Simply log in to Your I&M Bank OTG Mobile App and accept the terms and conditions to see your available loan limit.

No, you can access the I&M Bank Short-Term Loan using your existing I&M Bank OTG Mobile App credentials.

Loan Type Charges
30-day Loan  
Facility Fee 7.5%-12.5%
3- & 6-Months Loan  
Processing Fee 6%

You can borrow any amount starting from KES 1,000 up to KES 300,000.

Your loan limit is based on your transaction history and loan repayment behavior across all banks. NB: Consistent, on-time loan repayments also contribute to an increase or reduction in your loan limit.

No, you can only hold one Short Term Loan at a time. Once you repay your current loan, you can apply for a new one.

No. You will pay a monthly installment.

If the loan is not repaid by the due date, an additional late repayment fee or interest will be charged.

The outstanding loan amount will be recovered from the operative account on the loan due date. You can also prepay your loan by selecting the “Pay Now” option under the Short-Term Loan menu on the I&M Bank OTG Mobile App.

The short-term loan does not require any documents to be uploaded during loan processing.

Yes, you can apply for the Short-Term Loan even if you have other loans as long as you are eligible.

Your loan limit can grow based on your repayment history and use of other I&M Bank services. Regular, timely payments will help increase your limit and lower your charges.

Reach out to the CRB that issued the report and inform them that the information contained in the report is disputed. The bureau will reach out to us and will rectify the information incase it was erroneous or inaccurate.

For an queries on the Short-Term Loan, contact the I&M Bank customer care on email [email protected] or call 0719 088 000.