INSTANT PERSONAL LOANS

• 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.

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.

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.