Loan Cost
- Interest: 14%
- Application Fee: 0
- Processing Fee: 2.4%
- Excise Duty: 20% of processing fee
- Credit Insurance: 0.48%
Loan structure
- Type: Secured
- Interest structure: Reducing Balance
- Collateral needed: Either; Households, Logbook, Stock hypothecation, Simple deposit over title deed, Guarantor(s)
Loan Details
- Loan size: Micro/SME
- Minimum tenure: 1 Month
- Max tenure: 12 Months
- Minimum Amount: ksh10K
- Max amount: ksh1M
- Repayment Frequency: Monthly
Eligibility
- Time in operation: 6 Months
Documents
- National ID
- KRA Pin
- Passport photo
- Business records
- Registration certificate
- Business license
- 6 months bank statements if you are not banking with Them
- T&C Link
Example Representative Pricing
- Loan Amount: ksh100,000
- Annual Interest Rate: 14%
- Processing Fee: ksh2400
- Excise Duty: ksh480
- Credit insurance: ksh480
- Loan duration: 12 months
- Estimated Monthly repayment: ksh8,978.71
- Estimated Total repayment amount: ksh107,744.54
This product is provided by HF Group Kenya. HF Group Kenya is an integrated property and services provider licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya.
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