Business Loans

ECLOF Kenya SME 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.

ECLOF Kenya

SME Loan
Amount
From ksh200k
Duration
12 Months - 36 Months
Total Cost
24% annualized (year 1)
Business Permit Required
visit website

Loan Cost

  • ‍‍Interest: 1.83% p.m
  • Application Fee: 0
  • Processing Fee: 2%

Loan structure‍

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: cash collateral & 2 guarantors

Loan  Details‍

  • Loan size: SME
  • Minimum tenure: 12 Months
  • Max tenure: 36 Months
  • Minimum Amount: ksh200K
  • Max amount: Pegged on business security and turnover
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 12 Months

Documents‍

  • Original ID and Copy of ID
  • KRA PIN Certificate
  • Bank and M-PESA statements for at least 6 months
  • Active Bank account or Mpesa Statement
  • Business permit/ registration certificate
  • Business records for at least 6 months
  • Loan security (Log Book, Title Deed, House hold goods, business assets)

This Product is provided by ECLOF Kenya. ECLOF Kenya is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015

Money254 Review

Pros

  • ‍‍Available to businesses without formal registration‍

Cons‍

  • Requires  security
  • Requires business to be in operation for 12 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 ECLOF Kenya SME Loan, Structure, Repayment, Fees & Contacts

ECLOF Kenya SME loans are designed to address SME business growth needs, business expansion, and working capital.

Who is Eligible for ECLOF Kenya SME Loan?

ECLOF Kenya SME Loan Security/Collateral

ECLOF Kenya SME Loan limits and Interest rates

Other Fees

ECLOF Kenya SME Loan Interest Structure

ECLOF Kenya SME Loan Interest Structure

How to Make Sumac Microfinance Bank Inua Biashara 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:

REVEALED: Strict Rules Under New-look NHIF (SHIF) - Money Weekly News
News and Analysis

REVEALED: Strict Rules Under New-look NHIF (SHIF) - Money Weekly News

November 30, 2023
Flexi work: How Much Working Just 2 Days a Week From Home Can Save You in a Year
Money Management

Flexi work: How Much Working Just 2 Days a Week From Home Can Save You in a Year

November 30, 2023
Top 5 Family Cars You Can Buy This December At Peach Cars
Auto Loans

Top 5 Family Cars You Can Buy This December At Peach Cars

November 30, 2023
How Wholesome Banking Can Transform Your Financial Journey
Money Management

How Wholesome Banking Can Transform Your Financial Journey

November 30, 2023
Frequently Asked Questions About Umba MFB’s 16% Savings Account
Savings Accounts

Frequently Asked Questions About Umba MFB’s 16% Savings Account

November 30, 2023
How Govt Will Target Kenyans Without a Salary in SHIF Reforms
News and Analysis

How Govt Will Target Kenyans Without a Salary in SHIF Reforms

November 29, 2023
5 Things To Do With Your Money Before December
Money Management

5 Things To Do With Your Money Before December

November 29, 2023
How To Know It Is Time to Change Your Sacco
Money Management

How To Know It Is Time to Change Your Sacco

November 28, 2023

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.
Money254 Logo
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 LoansInsuranceSavings 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.