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: 3 Guarantors
Loan Details
- Loan size: Micro/SME
- Minimum tenure: 1 Months
- Max tenure: 12 Months
- Minimum amount: ksh10K
- Max amount: ksh100k
- Repayment Frequency: Monthly
Eligibility
- Time in operation: 6 Months
- Banking History: 6 months
Documents
- National ID
- KRA Pin
- 6 Months Bank Statement
- Letter from Market board
- 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
This product is provided by KCB Bank Kenya Limited. KCB Bank Kenya Limited is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya
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