Gulf African Bank - Personal Finance

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Personal-finance

Gulf African Bank offers convenient access to personal financing to enable you pay school fees, settle medical bills or to purchase home appliances. The product is based on the Shariah contract – Murabaha / Tawarruq.

  • Competitive profit rates
  • Personalized service
  • Free financial consultation
  • Turn around processing period of 4 working days
  • Flexible repayment tenure
  • Access to Insurance premium Financing for the Contractors all Risk Insurance
Product Class Purpose Financing Ratios Facility Limit
Services (Tawarruq) To meet personal needs e.g. School Fees & Medical Bills 100% of amount applied for subject to qualification Minimum Kshs.20K Maximum: Kshs.3.0M
Infinite Account Holders qualify for Kshs. 5.0M
Goods (Murabaha product) To purchase White Goods e.g. furniture, electronics & other home appliances Up to 100% of amount applied for subject to qualification Minimum Kshs.20K Maximum: Kshs.3.0M
Infinite Account Holders qualify for Kshs. 5.0M
  • Duly completed facility application form
  • Certified pay slips for the last 3 months
  • Letter of introduction from employer
  • Certified Bank Statements for the last 3 months
  • Sketch map of place of residence
  • Copy of ID/Passport & Copy of KRA PIN Certificate
  • 1passport size photo
  • Submit school fees structure, medical bill/quotation or a proforma invoice.