Faulu Microfinance Bank

Compare all 3 products from Faulu Microfinance Bank in Kenya. Rates from 9.5%. Borrow up to Ksh 5,000,000.

9.5%

Lowest Rate

Ksh 5,000,000

Max Amount

24-48 hours

Fastest Disbursement

Total Products

Personal Loans

Product	Rate	Amount	Turnaround
Faulu Imara Loan	9.5% - 34%	Ksh 10,000 - Ksh 3,000,000	N/A	Apply

View all Personal Loans →

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Microfinance Loans

Product	Rate	Amount	Turnaround
Faulu Biashara Loan	16% - 22%	Ksh 30,000 - Ksh 5,000,000	3-5 days	Apply
Faulu Personal Loan	18% - 24%	Ksh 20,000 - Ksh 3,000,000	24-48 hours	Apply

View all Microfinance Loans →

Faulu Microfinance Bank Pros & Cons

+Pros

✓Licensed bank security
✓Higher limits for business
✓Working capital focus
✓Business advisory
✓Flexible collateral
✓Both group and individual

-Cons

✗Longer processing time
✗May require collateral
✗Higher fees than banks
✗Documentation required
✗Higher interest rates
✗Processing fees

Eligibility Requirements

Minimum Income (Lowest)

Ksh 15,000

CRB Check Required

Not required

Required Documents (across all products)

●Business permit
●National ID
●Bank statements
●KRA PIN
●Proof of income
●Utility bill

Frequently Asked Questions

What interest rates does Faulu Microfinance Bank offer?

Faulu Microfinance Bank offers interest rates ranging from 9.5% to 34% across their 3 products. The exact rate depends on the product type, loan amount, and your credit profile.

What loan amounts are available from Faulu Microfinance Bank?

Faulu Microfinance Bank offers loan amounts from Ksh 10,000 up to Ksh 5,000,000 depending on the product and your eligibility.

How fast does Faulu Microfinance Bank disburse loans?

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

Does Faulu Microfinance Bank require CRB clearance?

Faulu 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.