Home/Lenders/ABSA Bank Kenya

10 Products🏢 Business Loans💳 Credit Cards⚡ Fast Loans💼 Payroll Loans💰 Personal Loans

ABSA Bank Kenya

Compare all 10 products from ABSA Bank Kenya in Kenya. Rates from 2.17%. Borrow up to Ksh 25,000,000.

2.17%

Lowest Rate

Ksh 25,000,000

Max Amount

Instant (0-1 minute)

Fastest Disbursement

Total Products

Personal Loans

Product	Rate	Amount	Turnaround
ABSA Personal Loan	14% - 16.5%	Ksh 50,000 - Ksh 10,000,000	2-3 business days	Apply
ABSA Unsecured Check-Off Loan	13% - 16%	Ksh 50,000 - Ksh 5,000,000	1-3 working days	Apply

View all Personal Loans →

💳

Credit Cards

Product	Rate	Amount	Turnaround
ABSA Business Credit Card	2.17%	N/A	7-10 working days	Apply
ABSA Visa Platinum Credit Card	16.5%	N/A	7-10 business days	Apply
ABSA Visa Gold Credit Card	17.5%	N/A	5-7 business days	Apply

View all Credit Cards →

🏢

Business Loans

Product	Rate	Amount	Turnaround
ABSA Business Loan	13.5% - 17%	Ksh 200,000 - Ksh 25,000,000	5-10 days	Apply
Wezesha Biashara SME Loan	14% - 17%	Ksh 100,000 - Ksh 15,000,000	3-7 working days	Apply

View all Business Loans →

⚡

Fast Loans

Product	Rate	Amount	Turnaround
Timiza Instant Loan	10% - 18%	Ksh 500 - Ksh 150,000	Instant (0-1 minute)	Apply
Timiza Instant Loan	10% - 18%	Ksh 500 - Ksh 150,000	Instant (0-1 minute)	Apply

View all Fast Loans →

💼

Payroll Loans

Product	Rate	Amount	Turnaround
ABSA Check-Off Loan	13% - 15%	Ksh 30,000 - Ksh 8,000,000	24-48 hours	Apply

View all Payroll Loans →

ABSA Bank Kenya Pros & Cons

+Pros

✓Credit life insurance included
✓24/7 concierge service
✓Wide branch network
✓Top-up facility available
✓Instant approval within 1 minute
✓No paperwork or documentation

-Cons

✗Credit score check required
✗Processing fee of 2.5%
✗High interest rates (10-18% per month)
✗Low initial loan limits for new users
✗Requires M-Pesa account
✗Auto-debit can drain M-Pesa balance

Eligibility Requirements

Minimum Income (Lowest)

Ksh 0

CRB Check Required

Yes (some products)

Employment Types Accepted

Permanent employmentSelf-employedBusiness ownerSalaried employees with check-off facilityCompany directorProfessionalsEmployedUnemployed (with income source)Permanently EmployedContract (6+ months)

Required Documents (across all products)

●National ID or Passport
●KRA PIN Certificate
●Latest 3 months payslips
●Bank statements (6 months)
●Employment letter or business documents
●CRB consent form
●Copy of ID/Passport
●Last 3 months payslips
●Last 6 months bank statements
●Employment letter/contract

Expert Analysis

ABSA (formerly Barclays) Personal Loan positions itself as a premium product with competitive rates for high-income earners. The minimum income requirement of KES 30,000 is higher than competitors, but rates starting at 13% p.a. reward qualified applicants. ABSA's international banking heritage means stricter credit assessment but also smoother processes for those who qualify. The Timiza mobile app has improved accessibility, allowing preliminary applications via smartphone. Best suited for professionals in formal employment with verifiable income. The 2% processing fee is among the lowest in the traditional banking sector.

How they compare

ABSA offers the best rates for high-income earners but has the strictest requirements. Compared to KCB, ABSA is more selective but rewards qualification with lower rates. Against Equity, ABSA targets a more affluent segment with premium service expectations.

Frequently Asked Questions

What interest rates does ABSA Bank Kenya offer?

ABSA Bank Kenya offers interest rates ranging from 2.17% to 18% across their 10 products. The exact rate depends on the product type, loan amount, and your credit profile.

What loan amounts are available from ABSA Bank Kenya?

ABSA Bank Kenya offers loan amounts from Ksh 500 up to Ksh 25,000,000 depending on the product and your eligibility.

How fast does ABSA Bank Kenya disburse loans?

The fastest disbursement time from ABSA Bank Kenya is Instant (0-1 minute). Actual processing time varies by product type and application completeness.

Does ABSA Bank Kenya require CRB clearance?

Yes, ABSA Bank Kenya requires CRB clearance for some or all of their products. A clean credit history improves your chances of approval and may qualify you for better rates.

How many products does ABSA Bank Kenya offer on PesaMarket?

ABSA Bank Kenya currently has 10 products listed on PesaMarket across 5 categories: Business Loans, Credit Cards, Fast Loans, Payroll Loans, Personal Loans.