(+254) 708 591 225
(+254) 708 591 225
info@alqasrinvestments.com
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General Loans FAQS

Al Qasr Investments is providing Pre-Approved Short-Term Unsecured Emergency loans mainly after entering into an MOU with your employer.   Once the loan is approved, you will get an email or SMS from Al Qasr Investments specifying the loan limit approved.  You will be required to confirm the loan approval on your account by entering your ID no. and mobile no.   There will be no other questions are asked and no security is required.  There is also no paper work as terms and conditions are in the WebApp.  You will need to accept the terms and conditions in order to acquire a loan.

Unsecured Loans

  • 7 days loan — 4% flat
  • 15 days loan– 6% flat
  • 30 days loan– 8% flat
  • Secured Loans 5% flat

We do not charge any processing fee and there are no hidden charges. Apart from interest, we only charge Ksh 50 as MPesa charges for disbursement.

The loan amount minus interest and MPesa charges are credited to your MPesa account.

Currently, we offer minimum loan limit of Ksh 5000 and maximum loan limit of Ksh 30,000. These limits are based on your net salary. However, you can avail a minimum loan of Ksh 1000 within your limit.

No. Once you have availed a loan, it needs to be repaid to avail another loan.

The loan balance is updated immediately you repay your loan and within seconds, you become eligible for another loan within your loan limit.

In addition to the Al Qasr Investments WEBApp, the loans can be accessed by calling our office line.

You can repay your loan by tapping Repay Loan Icon on our WEBApp’s Home screen or through our USSD by dialling *483*93#. Safaricom MPesa screen will appear in our WEBApp and USSD for you to enter your MPesa password and repay the loan.

Yes. If you avail a loan for a period of 30 days and repay within 7 days or 15 days, you shall be charged interest rate for the period you have used the loan and excess interest shall be refunded to you.

Yes, you can. You need to go to your Safaricom MPesa, tap LIPA NA MPESA and then fill as under: – Paybill no. ______ Account no. Mobile no. of the person you are paying for Amount Ksh you want to pay

Yes, the loan can be repaid partially also. The minimum amount of loan repayment accepted is Kshs 500.

If you are not able to repay the loan within the stipulated time, there is a provision for one-time automatic roll over of the outstandings with a nominal penalty of 2% over the prevailing rate for another tenure i.e. 7 days loan will be extended for another 7 days, 15 days loan will be extended for another 15 days and 30 days loan for another 30 days. If you repay the outstandings within the roll over period, you are considered a good borrower and become eligible for another loan immediately on repayment of the outstandings.

In that case, the loan is considered as a Default and appropriate recovery proceedings will be initiated by the company.

Instant Personal Loans FAQS

  • Minimum loan amount is KES 100,000
  • Maximum loan amount is KES 1,000,000
  • Repayment period of up to 12 months

To get approved and to enhance your borrowing limit, check your eligibility against the following criteria:

  • Age : You must be between 22-55 years old
  • City : All major cities
  • Salaried professional
  • Resident of Kenya

Keep these documents handy to speed up the sign-up process

  • Photo ID
  • Address see proof List
  • Bank details (A/c no & Bank Code)
  • A selfie Guidelines
  • Certified copy of ID/ valid Passport for non – Kenyans
  • KRA PIN Certificate/ equivalent tax certificate for Diaspora clients .
  • Latest three (3) months pay slips
  • Latest six (6) months bank statements
  • Proof of residence document
  • Letter from employer
  • Check off letter (where applicable)
  • Current Contract Letter must be provided by Customers employed on contract, Commission income earners and expatriates.
  • For Rental income - Original or certified true copy of tenancy agreement provide, supported by Deed of Rental Assignment upon loan approval.

  Photo ID Proof

  • front and back side
  • Passport & Driving License

  Bank Details

  • Account number
  • Bank code
  • Branch Detail

 Selfie Photo

  • Should have full face
  • Should not be full nude
  • Facial expression should be normal
  • Should not be b/w or monocolour
  • Should not be screenshot or photo of a photo
  • Should be crisp and clear
  • Should be matching with the photo in the ID

 Proof of Address

  • Electricity Bill
  • Water Bill
  • Bank statement
  • Property/Municipal tax receipt
  • Post-paid mobile Bill
  • Telephone Bill
  • Broadband Bill
  • Registered rental agreement + latest utility bill

1 –     Sign-up and apply on our form below
Check your limit in app using only mobile number & PIN
2 –     Complete Application
Keep your documents handy to set-up your limit or call us to help you complete the process
3 –    Money in Your Account
Finish your auto-repayment & withdraw up to Kshs 1 Million  directly to your bank account!

Al Qasr Investments ensures that cash is made possible, whenever, and wherever!

We offer a wide variety of loans ranging from Kshs 10,000 to Kshs 3,00,000 with a repayment tenure of up to 1 year. Fulfil all your financial needs with our hassle-free digital loans, which are designed to help you live life at the fullest.


  • Duly signed application form
  • Certified true copy of original ID
  • Copy of KRA PIN certificate
  • Three months pay slips (for salaried employees only)
  • Six months certified bank statements
  • Two passport photos
  • Post dated cheques for the duration of loan
  • Employment card (for salaried employees only)
  • Employment contract (for salaried employees only)
  • Memorandum Of Understanding with your employer where necessary

  • Repayment period ranges from one (1) to twelve (12) months

Bill Discounting FAQS

  • Business to Business Services
  • Manufacturers
  • Distributors

Invoice Finance is confidential as details of customers or buyers are retained with the seller and the customers are not aware of the discounting agreement. In Factoring, the lender or the factor contacts the buyer for payments and payments are made directly to the bank. No confidentiality of customer information is maintained.

Invoice Discounting does not require any property security as collateral. Your debtors or your Accounts receivable ledger for which you seek finance will be your collateral.

Invoice Discounting will work for you if you have:

  • Less bad debts
  • Customers who make timely payments
  • Customers have a minimum 30 day credit period
  • You meet the minimum turnover criteria

 

  • A quick release of the funds
  • Paperless online process
  • No security or pledging of assets required

 

The amount of loan sanctioned to you depends upon your financial requirement, credit assessment. We can grant up to 90% of the invoice value depending upon conditions.

  • KYC documents of the applicant/co-applicant- ID card copy, Address proof
  • TAX/VAT registration certificate and TAX returns
  • Audited financials of the business
  • Copy of company certificate of incorporation/ Business Registration certificate
  • PIN certificate of the Company/ Business
  • Company CR12
  • ID copy and PIN certificate copy of the director(s)/ owner(s)
  • Six months certified bank statement for the company/ business
  • Duly filed and signed business loan application form
  • Duly filed and signed loan agreement
  • Particular invoices, delivery notes and also where applicable, credit notes
  • Collateral will exist in the form of letters of undertaking/assignment from the procurement entities

  • Repayment period ranges from one (1) to three (3) months

Hire Purchase FAQS

  • Payments in convenient installments
  • Simple documentation
  • Quick turnaround time of 24 hours
  • No hidden costs like legal fees and stamp duty
  • Insurance Premium Financing for the assets purchased
  • Approval in 12 hours

  • Fully Completed Asset Finance Loan Application form (available at all NIC Bank branches & motor vehicle dealers)
  • Latest 6 months’ bank statements (original or certified copies)
  • Latest 3 months’ payslips (if employed)
  • Copy of ID Card
  • Copy of PIN Certificate
  • Proforma invoice/sale agreement

In addition to the above, for used vehicles, additional documents required are:

  • Copies of logbook/import papers
  • Current market valuation report from either AA Kenya, Regent Valuers or the vehicle franchise holder in Kenya.

  • Fully Completed Asset Finance Loan Application form (Available at all NIC branches & motor vehicle dealers)
  • Latest 6 months’ bank statements (Original or certified copies)
  • Certificate of Incorporation/Registration
  • Memorandum & Articles of Association
  • ID & PIN Certificate copies for all directors
  • Copy of company PIN Certificate
  • Proforma invoice/sale agreement

In addition to the above, for used vehicles, additional documents required are:

  • Copies of logbook/import papers
  • Current market valuation report from either AA Kenya, Regent Valuers or the vehicle franchise holder in Kenya

Cheque Discounting FAQS

  • Maximum Loan – 80% of value of cheque
  • Minimum loan – Ksh.50,000
  • Maximum Term – 2 months

  • Cheque being discounted
  • Copy of an acknowledged invoice or payment voucher, to support the payment
  • Copy of company certificate of incorporation/ Business Registration certificate
  • PIN certificate of the Company/ Business
  • ID copy and PIN certificate copy of the director(s)/ owner(s)
  • Six months certified bank statements for the company/ business
  • Duly filed and signed business loan application form
  • Duly filed and signed loan agreement
  • Copy of company certificate of incorporation/ Business Registration certificate

Repayment period ranges from one (1) to two (2) months


Insurance Premium Finance FAQs

  • The product shall cover premiums for commercial, vehicle, auto, plant and other major insurance covers.
  • Full amount of insurance premium is paid to the insurer
  • Up to 11 affordable monthly installments on the loan
  • Attractive Flat rate
  • No extra fees charged

  • Affordable repayments
  • Improved cash flow position
  • Flexibility in payment options
  • No credit appraisal for the facility to be taken up
  • Convenient and simple documentation
  • Easy application process
  • Quick processing time
  • No hidden charges or fees
  • Competitive pricing
  • Turnaround time for payment of premium to the Insurance Company is 48 hours.

  • Completed IPF agreement form
  • Certified copy of valid Identification
  • Financial Card Number and good credit history
  • Current cheque and postdated cheques to settle monthly installments
  • 2 Passport photographs
  • 6 months bank statements
  • Copy of National ID/PIN for individual applicants
  • Copy of Certificate of Incorporation/ Certificate of Registration for business entities
  • Company PIN
  • Copy of Memorandum & Articles of Association, Partnership Deed or other constitutive document as per registered entity type for corporate entities

Insurance Premium Finance FAQS for Brokers

 

  • Enhance your own cash flow by receiving upfront commission.
  • No cumbersome paperwork for you, as we take care of the finance agreement for signature by your client.
  • Increase your competitive advantage and offer your clients easy instalment payment options.

 

  • Improve your client’s cash flow by not only offering them payments spread by instalments instead of an annual payment, but they can also claim their VAT input credit upfront.
  • Reduce administration and bank charges for your client through our one-stop payment plan making a single payment for multiple Insurer premiums.
  • Provide cash flow certainty through a competitive interest rate that is fixed for the financing period.
  • You offer them a specialist finance product for Commercial and Corporate Premiums, with quoted rates and flexible payment options.

  • Your client will be required to sign a Finance Agreement with Al Qasr Investments Limited.

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