ABSA Bank Kenya Plc Secured Business Loan Details

Rates available from as of 1st April 2021
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

ABSA Bank Kenya Plc

Secured Business Loan
Ksh100k - 7M
6 Months - 10 Years
Total Cost
18.76% annualized (year 1)
Certificate of Incorporation Required
visit website

Loan Cost

  • Interest: 14.5%
  • Application Fee: 0
  • Processing Fee: 3%
  • Excise Duty: 20% of processing fee

Loan structure

  • Type: Secured
  • Interest structure: Reducing Balance
  • Security needed: Conventional securities

Loan  Details

  • Loan size: SME
  • Minimum tenure: 6 Months
  • Max tenure: 10 Years
  • Minimum Amount: ksh100K
  • Max amount: ksh7M
  • Repayment Frequency: Monthly


  • Time in operation: 3 Years
  • Banking History: 12 months


  • Certificate of incorporation or certificate of compliance if not locally incorporated
  • Memorandum and articles of association/CR8, CR12
  • Company PIN certificate
  • National ID (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
  • 1 passport-size photo each for all the signatories and directors/known agents
  • Board resolution specifying the signing powers on the company letter head sealed with the company seal
  • Signed Absa account opening pack (sealed )
  • Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
  • Company physical address confirmation (can be found in the new PIN certificates)
  • Annual returns (for companies registered over one year ago)
  • Revenue stamp – KES100
  • T&C Link

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 14.5%
  • Processing Fee: ksh3000
  • Excise Duty: ksh600
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,332
  • Estimated Total repayment amount: ksh111,984

This product is provided by Absa Bank Kenya Plc. Absa Bank Kenya Plc is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya.

Money254 Review


  • Flexible repayment period


  • Requires business to have been in operation for 3 years
  • Only available to Incorporated companies

Use Money254's free search to view the best Business Loans available in Kenya today

We have aggregated all of the Business Loans from Kenya's top financial institutions.
See all Business Loans

How to Apply ABSA Bank Kenya Plc Business Loan, Structure, Repayment, Fees & Contacts

ABSA Bank Kenya Plc Business loans are offered to established business owners.

Who is Eligible for ABSA Bank Kenya Plc Business Loan?

ABSA Bank Kenya Plc Business Loan limits and Interest rates

Other Fees

ABSA Bank Kenya Plc Business Loan Interest Structure

How to Apply for Your First ABSA Bank Kenya Plc Business Loan

How to Apply for Your First ABSA Bank Kenya Plc Business Loan


Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

What is Money254?

Money254 is a new platform focused on helping you make more out of the money you have. We’ve created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts have tirelessly collected.  

We’ve just launched but will be adding more product categories and tools over the coming months.

Sign-up to our newsletter and social channels to stay up-to-date!
Learn more about Money254

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play
Download the Money254 app on Google Playstore

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.