State Corporations & Government Agencies
Employees of parastatals and semi-autonomous government agencies enjoy excellent check-off loan terms.
Employees
50,000+
Sector
Government Agencies
Loan Multiplier
5x
Max Term
72 months
Base Rate
From 12%
Bank Loan Comparison
Compare check-off loan options available to State Corporations & Government Agencies
| Bank | Multiplier | Interest Rate | Max Term | Key Features | Actions |
|---|---|---|---|---|---|
| KCB Bank | 5x | 12% | 72 months |
| View Bank → |
| Co-operative Bank | 4.5x | 12% | 72 months |
| View Bank → |
| Stanbic Bank | 4x | 13% | 60 months |
| View Bank → |
| NCBA Bank | 4x | 13% | 60 months |
| View Bank → |
Requirements
What you need to apply for a Parastatals & SAGAs employee loan
- Permanent parastatal employee
- Minimum 1 year employment
- Staff ID and payslips
- HR confirmation letter
- Organization must have check-off agreement
Benefits
Why Parastatals & SAGAs employees get better loan terms
- Premium employer rating
- High loan multipliers up to 5x
- Low rates from 12%
- Extended 72-month tenure
- No collateral required
- Multiple bank options
How to Apply
Steps to get your check-off loan
1. Check Eligibility
Confirm you meet the minimum employment period and have all required documents for Parastatals & SAGAs.
2. Compare Banks
Use the comparison table above to find the best rates and terms for your needs.
3. Gather Documents
Prepare your staff ID, payslips, and HR confirmation letter.
4. Apply
Visit your chosen bank branch or apply online. Most banks process within 24-48 hours.
Calculate Your Loan
Use our salary loan calculator to estimate how much you can borrow.
Frequently Asked Questions
What is the maximum loan amount for Parastatals & SAGAs employees?
Parastatals & SAGAs employees can typically borrow up to 5x their monthly salary. For example, if you earn KES 100,000 per month, you could qualify for up to KES 500000 depending on the bank.
What interest rate will I get as a Parastatals & SAGAs employee?
Interest rates for Parastatals & SAGAs employees start from 12% per annum, which is lower than standard personal loans due to the check-off arrangement that reduces default risk for banks.
How long does it take to get a Parastatals & SAGAs check-off loan?
Most banks process Parastatals & SAGAs check-off loans within 24-48 hours once all documents are submitted. Some banks offer same-day disbursement for existing customers.
Do I need collateral for a Parastatals & SAGAs employee loan?
No, Parastatals & SAGAs check-off loans are unsecured. The check-off arrangement where repayments are deducted directly from your salary serves as security for the bank.