I&M Bank unsecured loan limit up to Sh10m

Signage of an I&M Bank branch on Kenyatta Avenue, Nairobi. FILE PHOTO | FRANCIS NDERITU | NMG

I&M Bank salaried customers will now tap up to Sh10 million in personal loans without requiring collateral after the lender doubled the limit from Sh5 million.

The lender on Wednesday announced that the changes, which also increased the period for serving personal unsecured loans from the maximum of 60 months to 90 months, are effective April 1.

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