Bank Through Conversations

Begin Chat

Product Description

Soma loan is a short term unsecured personal loan to finance expenditure related to schooling of our customers and their children. The personal loan can be used to finance all levels of education.

This loan will help you relieve the stresses of paying school fees and also offers you the lowest loan rate, keeping you on track with your bog dreams.

Benefits

  • A timely solution to school fee needs
  • Unsecured loan
  • Application feedback given within 48 hours
  • Financing available to all employed individuals no matter your bank

Features

  • No processing fee
  • Minimum borrowing of Kshs. 20,000 and a maximum of Kshs. 500,000.
  • Loan tenure of up to 10 months

Requirements:

  • Employee or retired with regular pay or a defined income stream.
  • A minimum of 3 months with the same employer (for employees)
  • A valid employment contract.
  • The latest payslip
  • A letter of undertaking from the employer
  • Business individuals should be BOA Kenya clients for the past 3 monnths
  • Credit will be disbursedto the school account

Bank Through Conversations

Begin Chat