HFC Limited Term Loan Details

Loan Cost

• ‍‍Interest: 14%
• Application Fee: 0
• Processing Fee: 2%
• Excise Duty: 20% of processing fee
• Credit Insurance: 0.48%

Loan structure‍

• Type: Secured
• Interest structure: Reducing Balance
• Collateral needed: Conventional security

Loan  Details‍

• Loan size: SME
• Minimum tenure: 1 Month
• Max tenure: 60 Months
• Minimum Amount: ksh100K
• Max amount: ksh50M
• Repayment Frequency: Monthly

Eligibility‍

• Time in operation: 12 Months

Documents‍

• Board of Directors resolution to open accounts                                      
• Certificate of incorporation/Registration        
• Company PIN & VAT                    
• ID & PIN copies of all directors
• Copy of Annual Returns/CR 12
• Utility Bill                                        
• Proposal for borrowing indicating amount being borrowed, Purpose, type of facility required, proposed repayment period and any other relevant information  
• Audited accounts for the last three years
• Current management accounts
• Cash flow projections for the next five years
• T&C Link

Example Representative Pricing

• Loan Amount: ksh100,000
• Annual Interest Rate: 14%
• Processing Fee: ksh2000
• Excise Duty: ksh400
• 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.‍