Business Loans

Choice Microfinance Bank Limited Biashara Dhabiti 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.

Choice Microfinance Bank Limited

Biashara Dhabiti Loan
Amount
Ksh300k - 500k
Duration
1 Month - 12 Months
Total Cost
24% annualized (year 1)
Business Permit Required
visit website

Loan Cost

  • ‍‍Interest: 24%
  • Application Fee: 0
  • Processing Fee: 0

Loan structure‍

  • Type: Secured
  • Interest structure: Reducing balance
  • Security needed: Either; Shares, Title deeds, Life insurance polices or Logbook

Loan  Details‍

  • Loan size: SME
  • Minimum tenure: 1 Month
  • Max tenure: 12 Months
  • Minimum amount: ksh300K
  • Max amount: ksh500K
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 6 Months
  • Banking History: 6 months  

Documents‍

  • National ID
  • KRA Pin
  • Colored Passport photograph

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 24%
  • Processing Fee: ksh0
  • Excise Duty: ksh0
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,456
  • Estimated Total repayment amount: ksh134,715

This product is provided by Choice Microfinance Bank. Choice Microfinance Bank is a Deposit-taking Microfinance Bank licensed under the Microfinance Act No. 19 of 2006  and regulated by the Central Bank of Kenya.

Money254 Review

Pros

  • ‍‍Available to businesses without formal registration‍

Cons‍

  • Requires security
  • Requires business to be in operation for 6 months


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 Choice Microfinance Bank Biashara Dhabiti Loan, Structure, Repayment, Fees & Contacts

Choice Microfinance Bank Biashara Dhabiti Loan is offered to individual entrepreneurs and business entities to cater to diverse business requirements.

Who is eligible for Choice Microfinance Bank Biashara Dhabiti Loan?

Choice Microfinance Bank Biashara Dhabiti Loan limits and Interest rates

Other Charges

Choice Microfinance Bank Biashara Dhabiti Loan Interest Structure

How to Apply for Your First Choice Microfinance Bank Biashara Dhabiti Loan 

How to Apply for Your First Choice Microfinance Bank Biashara Dhabiti Loan 

Contacts

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

Learn more about business loans with these recent articles from the Money254 blog:

KRA Urges Kenyans to Take Advantage of Tax Amnesty Window
News and Analysis

KRA Urges Kenyans to Take Advantage of Tax Amnesty Window

September 29, 2023
Prediction Shows Kenyan Shilling Falling to 152 Against the Dollar - Money Weekly
News and Analysis

Prediction Shows Kenyan Shilling Falling to 152 Against the Dollar - Money Weekly

September 29, 2023
5 Daily Habits That Will Make Your Salary Last Longer 
Savings Accounts

5 Daily Habits That Will Make Your Salary Last Longer 

September 29, 2023
When Should You Buy Your First Car?
Auto Loans

When Should You Buy Your First Car?

September 28, 2023
Saving Your Skin and Wallet: How to Avoid Costly Skincare Mistakes
Money Management

Saving Your Skin and Wallet: How to Avoid Costly Skincare Mistakes

September 28, 2023
The Road to Smart Car Financing: Mistakes to Avoid When Applying for a Car Loan
Auto Loans

The Road to Smart Car Financing: Mistakes to Avoid When Applying for a Car Loan

September 28, 2023
10 Small Money Wins You Should Celebrate
Money Management

10 Small Money Wins You Should Celebrate

September 28, 2023
What is Loan Buyoff and How Does it Work in Kenya? 
Logbook Loans

What is Loan Buyoff and How Does it Work in Kenya? 

September 27, 2023

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

Get it on Google Play

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.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
DOWNLOAD THE APP
Get it on Google Play
About
CompanyTerms of UsePrivacy PolicyEditorial Standards
Contact Us
info@money254.com
ABC Place, Waiyaki Way Nairobi
Products
Personal LoansBusiness LoansAuto LoansLogbook LoansSavings AccountsCurrent AccountsCredit Cards

Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website.  Please refer to our terms and conditions and privacy policy before using this website.