Personal Loan
BOA Personal Loan
Bank of Africa
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
14% - 16% p.a.
Loan Amount
Ksh 50,000 - Ksh 5,000,000
Approval Time
48-72 hours
Processing Fee
KshNaN
Rating Breakdown
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Pros & Cons
Pros
- Pan-African network ideal for cross-border needs
- Free debit card with every loan
- No early repayment penalty
- Reasonable minimum income of KES 25,000
Cons
- Limited branch network in Kenya (under 20 branches)
- Lower brand recognition than Tier 1 banks
- Smaller digital product suite
- Slower approval than fintechs
Customer Reviews
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Product Details
Features
- Personal loans up to KES 5 million
- Pan-African banking network in 20+ countries
- BOA Mobile and Internet Banking
- Cross-border remittance facility
- Flexible salary-check-off options
- Free debit card on disbursement
- CRB positive reporting for good repayers
- Dedicated relationship managers
Eligibility Requirements
Age: 21 - 60 years
Min Income: Ksh 25,000/month
Employment: Employed, Self-employed, Professional
Required Documents
- National ID or passport
- KRA PIN
- 3 months payslips
- 6 months bank statements
Repayment Options
Standing orderDirect debitM-Pesa paybill
Ready to Apply?
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