Salaam Microfinance Bank

Compare all 1 products from Salaam Microfinance Bank in Kenya. Rates from 18%. Borrow up to Ksh 1,000,000.

18%

Lowest Rate

Ksh 1,000,000

Max Amount

24-48 hours

Fastest Disbursement

Total Products

Microfinance Loans

Product	Rate	Amount	Turnaround
Salaam Murabaha Loan	18% - 24%	Ksh 5,000 - Ksh 1,000,000	24-48 hours	Apply

View all Microfinance Loans→

Salaam Microfinance Bank Pros & Cons

+Pros

✓Sharia-compliant (no interest)
✓Takaful insurance included
✓Open to all Kenyans regardless of faith
✓Lower minimum loan amount
✓No early repayment penalty
✓CBK-licensed

-Cons

✗Profit rate comparable to interest rates elsewhere
✗Lower maximum loan amount
✗Limited branch network
✗Shorter maximum repayment period

Eligibility Requirements

Minimum Income (Lowest)

Ksh 10,000

CRB Check Required

Not required

Required Documents (across all products)

●National ID
●Proof of income
●Business permit (for business financing)
●Utility bill

Frequently Asked Questions

What interest rates does Salaam Microfinance Bank offer?

Salaam Microfinance Bank offers interest rates ranging from 18% to 24% across their 1 products. The exact rate depends on the product type, loan amount, and your credit profile.

What loan amounts are available from Salaam Microfinance Bank?

Salaam Microfinance Bank offers loan amounts from Ksh 5,000 up to Ksh 1,000,000 depending on the product and your eligibility.

How fast does Salaam Microfinance Bank disburse loans?

The fastest disbursement time from Salaam Microfinance Bank is 24-48 hours. Actual processing time varies by product type and application completeness.

Does Salaam Microfinance Bank require CRB clearance?

Salaam Microfinance Bank does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.