Application/Offer Letter for Unsecured Absa personal loan

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www.absabank.co.ke.

Unsecured personal loan

Type of application: Individual application Joint application Repayment: Check off Non check off

Segment: Premier Prestige Personal

Type of loan: New loan Top-up loan

Applicant’s details
Title: Mr. Mrs. Miss Ms Other Specify Date (ddmmyyyy

First name Middle name Surname

Marital status Single Married Other Gender Male Female

Nationality *National ID/Service no.

Passport no PIN no

Date of birth (ddmmyyyy) Place of birth (Town)

No of dependants Age of dependants

Country of residence Email

*Mandatory for Kenya citizens.

Address
Residential details
Physical address

Nearest landmark Town/City

Postal address (Mailing address)
PO Box

Postal code Town/City

Contact details
Mobile Work telephone

Country

Employment Details
Employee details
Job title Alternative Mobile

Working since No. of years in current employment

If on contract, state expiry date (ddmmyyyy) Contract term

No. of extensions granted Monthly Net salary (Gross less Tax)

Employer details
Name of employer Industry/Sector

Physical address

Town/City County

PO Box

Postal code Office telephone

Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. 1 December 2023
 Self employed
Position Nature of business

Years of operation Office telephone

Physical address

Nearest landmark County

PO Box Postal code

City Country

Applicant’s bank details

Bank Branch Account number Length of time with Bank

Existing loan details (Absa or other financiers)

Type of Loan Outstanding Repayment Name of Financier Account Take over Take over
loan amount amount number amount Yes/No
Loan 1
Loan 2
Loan 3
Loan 4
Loan 5

Applicant/Borrower Existing Credit Card details (Absa Bank loan and other banks)
Card issue Credit card type Card number Expiry date Card limit
Card 1
Card 2
Card 3

Loan/Income details
Purpose of loan

a) Gross monthly income b) Net income in payslip c) Total monthly repayments

(Salary + other income) (Gross - Tax) (All commitments + new)
Insurance
Insurance premium being financed? Yes No Please finance the premium and add to my loan as per prevailing interest rate.

Please debit my account number with insurance premium of Kshs

Evaluated income (Total Net income)

Loan amount requested Term (Months)

Fixed interest rate %

Variable/Floating rate (bank base rate) % Margin of % = % Default interest rate %

Monthly repayments + Monthly service =

Charges and fees

a) Total monthly service fee b) Credit life insurance premium

c) Total interest charged

[(Monthly repayments) x [Term Months] -(Loan amount requested)]

Total cost of credit (TCC) (A+B+C) APR %

Referees/Next of Kin
Relative 1
Name

Relationship with applicant

ID/Passport No. Mobile

Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. 2 December 2023
Email

Postal address

Relative 2
Name

Relationship with applicant

ID/Passport No. Mobile

Email

Postal address

Customer declaration
• I/We undertake to notify the Bank immediately of any situation which materially changes the representation of this document.
• I/We confirm that the information in this document and supplementary documentation is true, correct, and complete.
• I/We accept that this offer will only become effective after approval by the Bank of my/our application. Upon approval please debit my
account _____________________________________________ on the _____________ of every month or upon sighting of salary until the loan is
fully repaid.
• I/We the above named Borrower(s) accept and agree to be bound by terms and conditions in personal customer agreement accessible on
Absa website: www.absabank.co.ke
• I/We acknowledge that the Bank has the right to offer/disburse a lower amount than that applied for upon my agreement.
• I/We confirm that I/We have read and understood all the charges related to the Bank’s products including Total Cost of Credit and Annual
Percentage Rate (APR).
I/We confirm that I/We have read and understood that that is a new facility/loan with a fixed interest rate. The Bank reserves the right to change
the fixed interest rate from time to time in the event of any regulatory change/s, change in applicable law/s and any event not within the Bank`s
reasonable control which may prevent or hinder any obligations under this agreement. (FOR FIXED RATES ONLY)
I/We confirm that I/We have been explained to that this is a variable rate loan.

• I/We confirm that the main features of the product including the interest rate, charges and fees have been explained to me/us and I/ We
understand that I/We can access a copy of the Key Facts Documents on the Absa Website; www.absabank.co.ke
• I/We fully confirm, acknowledge, accept and agree that the amount reflected in Equated Monthly Instalment (EMI) shared with me/us could
change or vary from time to time from the actual EMI generated by the system by a variance of up to shillings five.
• If your loan is a scheme loan or a check-off loan, we reserve the right to deduct and retain an amount from the proceeds disbursed under
the loan; which amount will be equivalent to the payment installments that will fall due during the period between when the payment is
due and when we actually receive payment by way of check-off. This is to cater for interest that shall accrue during this period.
• I / we agree that you have been taken through and understand the Risk Based Pricing Model including your pricing at the date of
application. For more information on our risk-based pricing framework, please visit www.absabank.co.ke

• I/we are aware that the Bank uses reports from one of the Bank selected & licenced Credit Bureau(s).

• I /we are aware that amongst other criteria, the Bank will use Credit Bureau Information to price and to approve your loan facility.

Date (ddmmyyyy)
Applicant’s signature

Signature no Date (ddmmyyyy)

Witnessed by signature (Branch official)

This document becomes valid only after witness of the applicant/borrower's signature by a duly authorised bank official.
Signed for and on behalf of Absa Bank of Kenya Limited.

Linda Kimani
Volume NPA, Folio 35/295, File 5102.
Bank Attorney’s Signature

Chrispus Muhia
Volume NPA Folio No. 43/291, File 5098
Bank Attorney’s Signature

Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. 3 December 2023