Are you a bank employee in need of quick financial assistance? Whether it’s a mid-month emergency or an urgent bill, Mint Credit has got you covered. With our tailor-made checkoff loans, you can access up to KES 100,000, with a flexible repayment period of up to 3 months.
Why Choose Mint Credit?
Mint Credit is a lending-only microfinance institution specializing in short-term checkoff loans for employees of private companies in Kenya. Our process is fast, transparent, and tailored to fit your financial needs.
Loan Features
- Loan Limit: KES 10,000 – 100,000
- Loan Period: 1 – 3 Months
- Interest Rate: 10% PM reducing balance
- Quick processing
- Cash disbursed straight to your M-PESA
Loan Repayment & Amortization Schedule
With our flexible repayment plan, you can choose between a 1, 2, or 3-month installment schedule. Here’s what to expect:
| Loan Amount | 1 Month Installment | 2 Months Installment | 3 Months Installment |
|---|---|---|---|
| 10,000 | 11,000 | 5,762 | 4,021 |
| 50,000 | 55,000 | 28,810 | 20,105 |
| 100,000 | 110,000 | 57,619 | 40,211 |
Repayment can be done conveniently through:
- M-PESA Paybill Number: 4097891
- Account Number: Your phone number
- Cheque payment
Eligibility Criteria
- Loan qualification is based on your net salary.
- Your monthly installment must not exceed a third of your net salary.
- Employer approval is required before loan disbursement.
Required Documents
To apply, ensure you have the following documents:
- National ID
- Passport Photo
- KRA PIN Certificate
- 3 Months Payslip
- 6 Months Bank Statement from Salary Account
- 6 Months M-PESA Statement
- Postdated Cheques from Salary Account
How to Apply
Applying for a loan with Mint Credit is simple and hassle-free. Follow these steps:
- Visit www.mintcredit.co.ke
- Select Bank Staff Loans under Loan Products
- Choose Apply for a New Loan or Top-up/Repeat Loan
- Fill out the application form and attach the required documents
- Accept the Terms & Conditions and submit your application
Important Notes
- Mint Credit is not a bank or SACCO and does not take deposits.
- We only offer loans to employees under an MOU/partnership agreement.
- If you leave employment, you remain responsible for servicing your loan.
- Loan limits do not increase unless your salary increases.
Loan Fees & Deductions
Before applying, take note of the following charges:
- Processing Fee: 4% of the principal amount
- Excise Duty: 20% of the processing fee
- Credit Life Insurance: 0.55% of the principal amount per annum (covers death, permanent disability, critical illness, retrenchment)
- M-PESA Transfer Fee: KES 12
- Statement Authentication Fee: KES 500
Get in Touch
For inquiries, reach out to us via:
- Customer Service: [email protected] | 0799 555 333 | 0799 230 970 | 0113 556 295
- Collections: [email protected] | 0113 510 264
At Mint Credit, we ensure that any day can be a payday. Apply today and take control of your financial needs with confidence!