Personal Loan

Get the money you need for urgent or unexpected bills. A BSP Personal Loan helps you pay for things that can’t wait like school fees, car repairs or health costs. Borrow up to K110,000 with flexible repayment terms, no collateral and competitive interest rates.

About the BSP Personal Loan

This loan gives you fast access to funds for urgent needs like education, home repairs or emergencies. You can borrow between K1,000 and K110,000 with no security required. Make repayments at your own pace – for up to 5 years. You’ll also get free Consumer Credit Insurance for added protection.  Apply easily online or at your nearest BSP branch.

Apply at a local branch

How to Apply

Apply In Branch

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What You’ll Need

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Rates, Fees & Charges

Please see Rates, Fees & Charges for more information.

Product Interest Rate Structure Application Fee
Personal Loan – Existing 26% pa Fixed K1,000 – K2,000 = K300

K2,001 – K5,000 = K350

K5,001 – K10,000 = K450

K10,001 – K20,000 = K550

>K20,001 = K700

Personal Loan – New & Debt Consolidation 35% pa Fixed
Housing Loan 5.5% pa Variable K600
First Home Ownership Scheme 4.0% pa Variable K600
Personal Property Investment Loan 8.75% pa Variable 1% principal
Personal Asset Loan 15.5% pa Variable 1.5% of principle

* Default rate is 5% pa in addition to the interest rate applied on overdue amount
** Interest is calculated on a reducing balance b, and based on a 365/366-day year
*** Insurance, valuation, and registration fees are third-party vendor charges and do not constitute costs charged by BSP.

Forms and Documents

Online Loan Origination FAQs

Personal Loan Application Form

General Terms & Conditions Loan Agreement

If you’re applying from a rural area, contact your local BSP branch for guidance, or use our online enquiry form for help.

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