Kachangu Cash Covered Loan

The Kachangu Cash Covered Loan is a fully secured loan designed for customers with savings in an NBS investment account or Fixed Deposit Account. Unlike unsecured loans such as the standard Kachangu Personal Loan, this facility is "totally secured" by your existing deposit, making it ideal for addressing short-term liquidity needs while maintaining your savings goals

The loan carries an interest rate based on the Bank's Reference Rate plus a Risk Margin. A processing fee of 1% of the loan amount applies, along with the standard Credit Reference Bureau (CRB) charge. You can find the current Reference Rate on the NBS Bank website or by contacting the call centre.

You can borrow up to 80% of your disposable net monthly salary, after deducting all existing monthly loan commitments. This ensures your repayments remain manageable relative to your income.

The Kachangu Cash Covered Loan is designed for speed and convenience. Once your application is approved, funds are disbursed instantly with a minimum processing time of less than 10 minutes.

To qualify, you must have a salary account with NBS Bank where your salary is processed. Additional requirements include a clean CRB report, a record of at least 3 salary transactions in the system, a valid National ID, and a Workplace Banking Memorandum of Understanding (MOU) between NBS and your employer.

This loan offers complete digital convenience with zero paperwork required. You can apply from anywhere—home, office, or on the go—24 hours a day, 7 days a week, using NBS digital platforms.