I & M Bank Classic Visa Credit Card

Credit Cards
 

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About this product

Features

  1. The card allows you to have a free credit facility for up to 50 days.
  2. The card allows you to earn 1 reward point per KES 500 spent and redeem them against the renewal fee automatically.
  3. The card allows you to pay a minimum amount of 20% of your total bill amount or any higher amount or whichever is convenient. You can then carry forward the balance to a better financial month. For this facility, you pay a nominal charge of just 3.5% per month.
  4. You can keep your card safe by downloading the I&M SafeCard App. The SafeCard App will allow you to block and unblock your card anywhere anytime straight from your smart phone.

Fee OverView

Joining Fee KES 2,500
Annual Fees KES 3,000
Over Limit Fees KES 1,500
Late Payment Fees 6% of minimum amount due or KES 1,000
Cash Advance Fee 7.5% of the total amount drawn
Supplementary Card Annual Fee KES 1,500
Monthly Interest Rate 3.5%
Card Replacement Fee KES 1,000

General Requirements

For Salaried Applicants: Minimum gross income KES 55,000/- per month with net income of KES 35,000/- per month.

Documents required for salaried:-
  • Completely filled application form.
  • Certified copy of 3 months latest salary slip/payslip.
  • Certified copies of 6 months current Bank statements for all accounts held.
  • Three recent passport size colored photographs(name, ID/Passport number, and signature on the reverse).
  • A copy of National ID ( for Kenya citizens ) or Passport.
  • A copy of valid work permit for non-Kenyans(minimum work permit for 1 year and above at the time applying).
  • A copy of PIN certificate.

Self-employed professionals / Businessman: - Minimum Gross Business income of KES 55,000/- per month with a Net Business Income: KES 35,000 per month.

Additional documents required for Self-employed professionals / Businessman:-

  • A copy of registration certificate of business.
  • A copy of current operating license.
  • Copies of last 3 years personal and business income tax returns.
  • A copy of last your company's audited accounts for the past 3 years.
 

Comments

I&M Bank limited


I&M Bank Tower,Nairobi GPO, Kenya
+254 20 322 1000, 0719 088 000
www.imbank.com

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