Check off loans are loan facilities granted to permanent employees of institutions in which the bank has entered into an MOU with. Monthly repayments are submitted directly by the employer after deducting from the employees’ salary.

1) Features of check loans
• Min amount Kshs. 10,000/=.
• Max. amount Kshs. 1,000,000/=.
• Insurance against death and permanent disability.
• No hidden charges, age limit is 52 years.
• The check-off arrangements are agreed with the various institutions by the Head Office and branches are advised appropriately.
• An MOU has to be in place before the relationship can commence.

2) Requirements for check off loans.
• Check-off Loan Application forms duly completed in triplicate.
• Applicant’s certified original latest 3 months pay slips.
• Applicant’s 3 certified true copy of new generation ID card and 2 recent passport size colour photographs.
• A certified copy of the applicant’s PIN certificate
• Applicant’s certified original bank statements reflecting salary received in the last 3 months.
• Applicant’s names should be similar in all documents. Otherwise obtain written confirmation from the employer that the names refer to the same person

3) Benefits of check off loans.
• Does not require security.
• Faster and friendly processing
• An easy and fast source of funds for account holders and non account holders for personal development, capital investment.

This loans are available to customers who are employed by organisations or institutions that have signed a Memorandum of Understanding (MOU) with Family Bank to offer the credit facility. Employees of the following Institutions are eligible for the Check-off facility:

All Government Ministries
Teachers Service Commission (TSC)
National Security Intelligence Service (NSIS)
City Council of Nairobi
Pest Control Board
The Judiciary
Kenya Civil Aviation
Higher Education Loans Board (HELB)
Kenya Agricultural Research Institute (KARI)
Kenya Institute of Administration (KIA)
Kenya Medical Training College (KMTC)
Kenya National Audit
Kenya Roads Board (KRB)
Kenya Industrial & Research Development Institute (KIRDI)
Agricultural Development Corporation (ADC)
Moi Teaching and Referral Hospital
Egerton University
Pyrethrum Board of Kenya (PBK)
Moi University
Kenya Marine and Fisheries Research Institute (KEMFRI)
Various Municipal and County Councils
Private Companies