Gulf African Bank
Compare all 6 products from Gulf African Bank in Kenya. Rates from 0%. Borrow up to Ksh 40,000,000.
Personal Loans
1| Product | Rate | |
|---|---|---|
Gulf African Murabaha Personal Finance | 14% - 16% | Apply |
Business Loans
1| Product | Rate | |
|---|---|---|
Gulf African Murabaha Business Finance | 13% - 16% | Apply |
Mortgages
1| Product | Rate | |
|---|---|---|
Gulf African Bank Home Finance (Sharia-Compliant) | 13% - 15% | Apply |
Fixed Deposits
1| Product | Rate | |
|---|---|---|
Gulf African Bank Wakala Fixed Term Deposit | 5.5% - 8% | Apply |
Gulf African Bank Pros & Cons
+Pros
- ✓Ibra rebate encourages early settlement
- ✓Fully Sharia-compliant for Muslim customers
- ✓No interest, ethical profit-sharing model
- ✓Strong presence in North Eastern Kenya
- ✓Late fees go to charity, not bank revenue
- ✓Fully Sharia-compliant ethical finance
-Cons
- ✗Limited branch network
- ✗Requires asset purchase quotation (not pure cash loans)
- ✗Lower ceiling than conventional banks
- ✗Limited branch network outside Muslim areas
- ✗Sharia structure may confuse first-time users
- ✗Requires Sharia-compliant business activity
Eligibility Requirements
- ●National ID
- ●KRA PIN
- ●3 months payslips or business records
- ●6 months bank statements
- ●Asset purchase quotation (for Murabaha)
- ●Business registration
- ●KRA PIN and tax compliance
- ●12 months bank statements
- ●Audited accounts (2 years)
- ●Asset quotation (for Murabaha)
Frequently Asked Questions
What interest rates does Gulf African Bank offer?
Gulf African Bank offers interest rates ranging from 0% to 16% across their 6 products. The exact rate depends on the product type, loan amount, and your credit profile.
What loan amounts are available from Gulf African Bank?
Gulf African Bank offers loan amounts from Ksh 50,000 up to Ksh 40,000,000 depending on the product and your eligibility.
How fast does Gulf African Bank disburse loans?
The fastest disbursement time from Gulf African Bank is 3-5 working days. Actual processing time varies by product type and application completeness.
Does Gulf African Bank require CRB clearance?
Yes, Gulf African Bank 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 Gulf African Bank offer on PesaMarket?
Gulf African Bank currently has 6 products listed on PesaMarket across 6 categories: Business Loans, Current Accounts, Fixed Deposits, Mortgages, Personal Loans, Savings Accounts.
Products Available
Compare Gulf African Bank With
Best For
- ✓Islamic banking customers
- ✓Muslim customers seeking ethical finance
- ✓Borrowers in North Eastern Kenya
- ✓Asset-based financing (car, equipment)
- ✓Ethical and halal banking preference
- ✓Muslim-owned businesses
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