All about loans in Kenya
TransUnion Kenya Personal Information Personal Information Errors Things you need to ensure that are accurate; Wrong name listed Addresses you’ve never lived at or used as a mailing address Inaccurate employer information Ensure that your name is correctly displayed and that any alternative names or alias are accurate. Ensure your […]
The TransUnion CRB services can be accessed through the SMS number 21272, TranUnion Nipashe app and also the TransUnion website. If you choose to register with the TransUnion CRB then the following are the steps you take; Register with TransUnion Send your full names as they appear in your National […]
In Kenya, there are three licensed companies by CRB, i.e. TransUnion, Metropol and CreditInfo. Before you can access your status with CRB you need to be registered to one or all of them. Registration to all of them is the recommended way to go. This is because a lender can […]
CRB is an institution licensed to collect, manage and disseminate customer credit information. It collects the customer credit information from all lenders including Saccos, commercial banks and deposit taking micro finances. CRB will then manage the information gathered by regularly updating the customers’ credit scores per their transactions with various […]
Getting a home loan is a very big commitment as it means that you owe hundred thousand Kenyan shillings to the lender and could take years to repay. Hence, here are some tips that can speed up the process of paying all the money owed back. Choose the right loan […]
Taking a loan in Kenya has been made easy in recent years, but don’t be in a rush to get a loan without carefully considering some major issues that determine whether you repay more or less. Interest rates Most people do put interest rates into consideration when they approach a […]
Acquiring a loan for a small business in Kenya is not an easy task. This is because banks are weary of the risks that small businesses are prone to compared to the large businesses. If you are considering borrowing a loan from a bank for your small business the best […]
If you want to start a small business in Kenya and you are depending on a bank loan for capital, doing research on the bank to get a loan from is a key issue to tackle. Well as you do your own research here are some banks to consider approaching. […]
A bank loan enhances medium or long-term finance. Some kind of security for the loan is a requirement in most cases. Bank loans are very good for financing investments especially fixed assets. The interest charged on a bank loan can be fixed of variable depending on the policies of the […]
While having a lot of student loans can be burdensome, there are some upsides of graduating with a bit of debt, especially the one you acquire from the department of education. Sometimes it is absolutely necessary for a student to require some financial help so as to complete his/her education. As a student don’t be so sad about it as there are two sides to every opportunity, the bad and the good.
Interest rate reduction
One of the larger benefits of student loans is that the interest you pay on the loans is often deductible, meaning you can subtract it from your income, reducing your tax burden for the year. The loans offered by the ministry of education in Kenya is deductible once you have finished your schooling and been employed. This ensures you study without much hassle and make payments later once you are employed.