Select Country
What are you looking for?
Unsecured Personal Loan
Unsecured Personal Loan
Empower your future with the Unsecured Personal Loan. Whether you’re pursuing a dream, managing unexpected expenses, or investing in your long-term goals, this loan offers the flexibility and support you need.
Benefits
Quick Turnaround Time with instant loan approvals.
Hassle-free easy application process through our I&M OTG app or web services
Unsecured Loan: No collateral is needed
Flexible Loan Tenure, choose a repayment period that suits your needs
Unsecured Personal Loan FAQ's
Log in to the I&M Bank OTG mobile banking app or web services and opt in to the loan service to begin your application.
Accepting the Terms and Conditions when first accessing the Unsecured Personal Loan product on the OTG app or web service. Proceed to apply for a loan
NB: Should you have any difficulty visit your nearest branch for assistance.
NB: Should you have any difficulty visit your nearest branch for assistance.
The application process is instant.
Min 50,000 max. 3,000,000 depending on your eligibility and limit assigned.
Check your limit by logging into the I&M Bank OTG mobile banking app or web services and accessing the loan section.
When you have already opted in, log into the I&M Bank OTG app or web service, click on Personal Unsecured Loan, you will see your indicative loan limit.
NB: This may change while applying as some checks are done during loan application e.g. current CRB status, recent I&M account activity etc.
NB: This may change while applying as some checks are done during loan application e.g. current CRB status, recent I&M account activity etc.
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 charges.
NB: Consistent, on-time loan repayments also contribute to an increase or reduction in your charges.
Yes, your loan limit will be periodically reviewed to determine whether it should be kept as is, increased or decreased based on your account turnover, account activity, repayment history on previous loans, CRB status and other product rules.
Your loan limit can grow based on your repayment history and use of other I&M services. Regular, timely payments will help increase your limit and lower your charges.
You can choose a suitable loan duration from 6 months to 36 months.
- Processing Fee of 4% of the loan amount, charged one off.
- 20% excise duty charged on the processing fee amount.
- Interest rate varies per customer.
- Credit life insurance premium of 0.035% and PHCF (Policy Holders Compensation Fund) of 0.25% of the credit life insurance premium.
NB: Subject to change due to prevailing market and regulatory conditions.
Yes, you will however need to open a Kenyan shilling account for the loan to be disbursed.
Your loan instalment shall be recovered from operative account every due date.
Yes, you can prepay your loan by tapping the "Repay Loan" icon on I&M OTG App home screen or through our web services.
If you miss a payment, you will incur additional fees and interest. Ensure your account is funded on the loan due date to avoid penalties.
Yes, you can opt out of the loan service at any time, if you have no open loan.
Yes, loan top up is available for customers who have serviced their current monthly loan installments on time for 6 months and satisfy the top-up criteria.
- You must have made timely repayments on previous loans.
- Your existing loan(s) should not be in arrears.
- Your existing loan should have been serviced for greater than 6 months
- You should not have defaulted on any previous loan
Login to the I&M OTG App to apply for the top up loan.
We have other lending products available to bank customers. Contact your relationship manager or visit the nearest branch for guidance.
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 in case 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 +254203221000, 0719 088 000, 0732 100 000