May 24, 2024

Absa Bank Continues Expansion With New Imaara and Rupa Malls Branches

Absa Bank Continues Expansion With New Imaara and Rupa Malls Branches

Absa Bank has announced the opening of two new branches, located at Imaara Mall in Nairobi and Rupa Mall in Eldoret, bringing their total branch network to 87 nationwide. The new absa bank branches are strategically situated within popular shopping malls, offering convenience and ease of access.

The Imaara Mall is a shopping, dining, and entertainment destination in Nairobi, Kenya with a grand entrance and spacious design. It offers a variety of high-end and popular brands, including fashion and electronics, as well as financial and health facilities.

Rupa’s Mall is one of the largest shopping malls in East Africa. It has more than 50 stores offering a variety of international and local brands, including KFC, Java House, and Eka Hotel. The mall also has cinemas, restaurants, and social amenities.

Absa Bank Kenya offers a robust suite of financial solutions for individuals and businesses. Their offerings encompass retail and business banking, investment and wealth management services, personal, home, and car loans, credit cards, and asset management.

Absa also provides insurance solutions and prepaid cards, ensuring they cater to a wide range of financial requirements.

Absa Bank’s accounts

  1. Absa One Account

This is a convenient pay-as-you-go option with no monthly fees. It comes with a debit card, cheque book, and access to unsecured loans up to KES 4,000,000. You’ll also enjoy a free digital savings account and potential rewards for using additional Absa products.

  1. She Business Account

This account caters specifically to female entrepreneurs. It includes a multicurrency card, Absa vertical Visa debit card, and a cheque book. You’ll benefit from free access to the Absa app, mobile and internet banking, and biometric login.

This account boasts a higher ATM withdrawal limit of KES 100,000 and offers unsecured loans up to KES 10 million.

  1. Absa One Current Account

Another pay-as-you-go option, this account requires no minimum operating balance and has no monthly service fees. It features a Foreign Currency Savings Account in USD, GBP, and EUR, allowing for secure international transfers.

LOAN OPTIONS OFFERED BY ABSA BANK KENYA

  1. Personal Loans

You can access unsecured personal loans up to KES 6,000,000 with flexible repayment periods of up to 96 months.

The maximum loan amount depends on your income, and repayments are conveniently deducted from your Absa account via a debit order. You can apply for these loans online for a streamlined process.

  1. Business Loans

Absa offers various business loan options, including:

  • Unsecured LPO financing up to KES 12 million.
  • Unsecured invoice discounting up to KES 50 million.
  • Unsecured loans up to KES 6 million with repayment periods of up to 60 months.

You can choose between variable or fixed interest rates and flexible repayment plans to suit your business needs.

  1. Check-Off Loans

These loans are specifically designed for government employees and employees of companies partnered with Absa Bank. Loan amounts range from Ksh 50,000 to KES 6 million, with repayment periods between 1 and 8 years.

The interest rate falls within the range of 14.5% to 15% per year, and repayments are automatically deducted from the employee’s salary. Absa guarantees a quick response within 48 hours after receiving your complete loan application.

Read Also : Equity Bank Opens Mariakani Branch

Read Also : Diamond Trust Bank Kenya Opens New Branches in the Mt Kenya Region

Absa’s global expansion efforts paint a broader picture of their ambitious plans. They recently opened a branch at Business Bay Mall, and launched a La Riba center, both in Eastleigh. The La Riba center will be catering to the specific needs of customers seeking Shari’ah banking solutions.

Furthermore, their first overseas office in Beijing, China, is scheduled for an official launch in May 2024. The office will offer banking solutions to Chinese clients and stakeholders in Africa. The bank also has branches in Botswana, Ghana, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia.

Absa Bank Kenya continues to offer a comprehensive suite of financial solutions tailored to meet the evolving needs of individuals and businesses. Customers can reach out through the absa bank contacts at (+254(732)130120 and +254(722)130120), while the absa bank swift code (BARCKENX) ensures smooth international transactions.

Moreover, the absa bank ussd code (*224#) offers convenient avenues for managing accounts and conducting transactions.