How to get cleared by CRB: If you are not listed on CRB, getting the report and clearance certificate is relatively easy. You’ll just have to tender your application through a registered credit reference bureau in Kenya. You will also have to pay Sh. 2,200 to get the certificate.
Some of the available CRB options you may apply are:
3. Metropol Credit Reference
4. Credit Reference Bureau Africa Limited t/a TransUnion
You default a loan when you breach its repayment terms and conditions. Defaulting your mortgage could be missing 3 consecutive installments while defaulting an MShwari loan is failing to repay on the stipulated date.
How to check credit score in Kenya
If you want to be sure, you can get your credit report by sending registering with mobile based platforms.
SMS name to 21272 and pay Sh. 50 to get an annual report free of charge.
How to get the CRB clearance if you are a defaulter
If you have defaulted your payments and are listed, try to clear the loan with your defaulter first. For example, you can approach your lender and renegotiate on your terms of repayments, especially if you are serving a heavy loan.
You will have to clear your pending defaulted premiums to restore your credit score. If this is impossible, you will have to release your collateral to cover the loan and clear your name.
Once you have settled your scores with the lender, it normally takes a day or two for your new credit score ratings to reflect on CRB.
Give yourself up to three days before applying for the certificate after doing your clearance. A day is however enough in some instances since banks send back daily reports to the CRB. The time between the CRB Kenya clearance certificate application and certificate issuance varies depending on which institution you choose to work with.
CRB clearance certificate
Remember that a CRB certificate of clearance is only valid for the day of issuance due to the daily borrowing record updates. Always strive to make an application just when you need it. Most institutions will frown upon certificates that are months old.