KCB Bank Kenya Limited Boresha Plus Details

Rates available from as of 1st April 2021
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KCB Bank Kenya Limited

Boresha Plus
Amount
Ksh1M - 5M
Duration
6 Months - 60 Months
Total Cost
17.45% annualized (year 1)
Business Permit Required
visit website

Loan Cost

  • Interest: 13%
  • Application Fee: 0
  • Processing Fee: 3%
  • Excise duty: 20% of processing fee
  • Credit Insurance: 0.85%

Loan structure

  • Type: Secured
  • Interest structure: Reducing balance
  • Security needed: Log book(car should be less than 8 years old), stock

Loan  Details

  • Loan size: SME
  • Minimum tenure: 6 Months
  • Max tenure: 5 Years
  • Minimum Amount: ksh1M
  • Max amount: ksh5M
  • Repayment Frequency: Monthly

Eligibility

  • Time in operation: 12 Months
  • Banking History: 9 months

Documents

  • National ID
  • KRA Pin
  • 6 Months Bank statement
  • Business records
  • T&C Link

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 13%
  • Processing Fee: ksh3000
  • Excise Duty: ksh600
  • Credit insurance: ksh850
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh8,932
  • Estimated Total repayment amount: ksh110,721

Money254 Review

Pros

  • Available to businesses without formal registration

Cons

  • Requires security
  • Requires an active banking history for at least 9 months


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How to Apply KCB Bank Kenya Boresha Plus Loan, Structure, Repayment, Fees & Contacts

KCB Bank Kenya Boresha Plus loan is designed for businesses and business people.

Who is Eligible for KCB Bank Kenya Boresha Plus Loan?

 KCB Bank Kenya Boresha Plus Loan Security/Collateral

KCB Bank Kenya Boresha Plus Loan limits and Interest rates

Other Fees

KCB Bank Kenya Boresha Plus Loan Interest Structure

KCB Bank Kenya Boresha Plus Loan Interest Structure

How to Make KCB Bank Kenya Boresha Plus Loan Repayments

Contacts

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