Loan Cost
- Interest: 1.75% p.m
- Registration Fee: ksh1000
- Processing Fee: 6%
- Chattel Registration: ksh1800
- Credit Insurance: 0.5%
Loan structure
- Type: Secured
- Interest structure: Flat Rate
- Security needed: Guarantors and Household goods.
Loan Details
- Loan size: SME
- Minimum tenure: 9 Months
- Max tenure: 3 Years
- Minimum Amount: ksh100k
- Max amount: ksh1M
- Repayment Frequency: Monthly
Eligibility
- Time in operation: Not considered
Documents
- Original ID and Copy of ID
- Bank and M-PESA statements for at least 6 months
- Business permits
- Business records for at least 6 months
- Loan security
This Product is provided by Bimas kenya Ltd. Bimas kenya Ltd is a Non-depost taking Microfinance Institution duly registered under the Companies Act No 17 of 2015