Umba Microfinance Bank Products and Branches

Learn about Umba Microfinance Bank’s products, including accounts, savings plans, loans, and business solutions. Discover its head office location and contact details.

Umba Microfinance Bank Products:

a) Accounts:

1. UmbaPay Account:
   A versatile account for business owners, offering money receipt, loan access, and savings options.
   Advantages:
   • Affordable till account transactions
   • Free money transfers and receipts
   • High-interest savings for businesses
2. Savings Account:
   • Savings Stash: Start saving with as little as Ksh 50.
   • Fixed Deposits: Start with a minimum of Ksh 5,000, with interest rates up to 20% per annum.

b) Loans:

1. Logbook Loans:
   Borrow up to 70% of your car’s value, up to Ksh 1,000,000, with an interest rate as low as 3% per month.
   • Requirements for Employed Individuals:
     • Last 3 months’ pay slips, contract letter, logbook, ID, KRA Pin, Mpesa, and bank statements (6 months)
   • Requirements for Business Owners:
     • Business proof, logbook, ID, KRA Pin, Mpesa, and bank statements (6 months)
2. Car Finance:
   Available for both individuals and businesses to purchase new or used vehicles.
   • Requirements for Employed Individuals:
     • Last 3 months’ pay slips, contract letter, proforma invoice, ID, KRA Pin, Mpesa, and bank statements (6 months)
   • Requirements for Business Owners:
     • Business proof, proforma invoice, ID, KRA Pin, Mpesa, and bank statements (6 months)

c) Business Products:

• Automated payroll services
• Employee management
• Instant bulk payments

Umba Microfinance Bank Branches:

1. Head Office:
   Location: Timshack House, 2nd Floor, Dagoretti Corner, Ngong Road, Nairobi
   Phone: 0746555222
   Email: [email protected] or [email protected]

Umba Microfinance Bank provides innovative financial solutions, helping businesses and individuals access quick and affordable services.