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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

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	• Parastatal partnerships • Priority service • Asset financing	View Bank →
Co-operative Bank	4.5x	12%	72 months	• Corporate banking • Competitive rates • Flexible terms	View Bank →
Stanbic Bank	4x	13%	60 months	• Professional service • Premium rates • Car loans	View Bank →
NCBA Bank	4x	13%	60 months	• Digital banking • Quick processing • No hidden fees	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.

Use Salary Calculator

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.