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How to Use TransUnion CRB

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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 ID card to 21272 Enter […]

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How to obtain clearance certificate from CRBs in Kenya; Metropol, TansUnion Africa and CreditInfo

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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 financial institutions. When a lender […]

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Advantages of a bank loan in Kenya

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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 bank. Bank loans can prove […]

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The benefits of student loans in Kenya

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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.

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