Best salary advance in Kenya banks 2020

Salary Advance is a shortterm loan against your salary provided by banks to meet your emergence needs.
Are you an employed person in Kenya looking for the best banks that give best salary advances to their customers in Kenya, do you want to open a salary account but wondering which bank is the best for you? Don't look anymore. I have got a solution for your worries.
In this post am going to highlight on the top banks giving best salary advances to their salaried customers as follows:

Top Salary Advance Providers In Kenya

  1. Equity Bank Salary Advance 
  2. KCB Bank Salary Advance 
  3. Co-op Bank Flexible Cash Advance
  4. NIC Bank Salary Advance
  5. Family Bank Salary Advance
  6. Bank of Africa Salary Advance

Equity Bank Salary Advance

- Open to all salaried individuals with salary accounts at Equity bank
The salary Advance can be given up to 4 times the average net monthly salary up to a maximum of ksh 300,000.

KCB bank salary Advance

-Open to salaried employees with salary accounts with KCB
- Advances can be given up 1.5 times their salaries or up to ksh 100,000 for permanent employees 

Co-op Bank Flexi Cash Advance

- Open to salaried individuals with salary accounts with Co-op Bank
- One can borrow from ksh 3000 up to ksh 100,000
- Recovery is done within 1 to 3 months
- Borrower gets cash instantly
- No facilitation fees charged

NIC Bank Salary Advance

- Open to salaried people with salary accounts with NIC Bank 
- Salary Advance is offered maximumly at 60% of the net monthly income.
- One can access salary Advance 3 times per year 


Family Bank Salary Advance

- Open to employed individuals with salary accounts with Family Bank 
- Salary Advance is offered maximumly at 50% of the net monthly income.

Bank of Africa Salary Advance

- Bank of Africa provide salary Advance to permanent employed individuals with salary Accounts with the bank 
- Salary Advance does not exceed 50% of the net monthly income of the account holder.






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