National Bank of Kenya Limited SME Loans Details

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

SME Loans
Amount
Ksh50k - 3M
Duration
6 Months - 12 Months
Total Cost
17.6% annualized (year 1)
Certificate of Registration Required
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Loan Cost

  • Interest: 13%
  • Application Fee: 0
  • Processing Fee: 3%
  • Excise Duty: 20% of processing fee

Loan structure

  • Type: Unsecured
  • Interest structure: Reducing Balance
  • Security Needed: None

Loan  Details

  • Loan size: SME
  • Minimum tenure: 6 Months
  • Max tenure: 12 Months
  • Minimum Amount: ksh50K
  • Max amount: ksh3M
  • Repayment Frequency: Monthly

Eligibility

  • Time in operation: 24 Months
  • Banking History: 6 months

Documents

  • 12 months statement for non – National Bank customers
  • National ID
  • KRA Pin
  • Passport photo for new customers
  • Business permit and certificates
  • Business records
  • T&C Link

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 13%
  • Processing Fee: ksh3000
  • Excise Duty: ksh600
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh8,932
  • Estimated Total repayment amount: ksh107,181

Money254 Review

Pros

  • Available to businesses with formal registration
  • Requires no security

Cons

  • Requires the business to be operational for at least  2 years

Use Money254's free search to view the best Business Loans available in Kenya today

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How to Apply National Bank Kenya SME Business Loan, Structure, Repayment, Fees & Contacts

National Bank Kenya SME Business loan is a loan desired to help business persons to get access to financing in order to drive their business's current and long-term goals.

Who is Eligible for National Bank Kenya SME Business Loan?

National Bank Kenya SME Business Loan limits and Interest rates

Other Fees

National Bank Kenya SME Business Loan Interest Structure

How to Apply for Your First National Bank Kenya SME Business Loan

How to Apply for Your First National Bank Kenya SME Business Loan

Contacts

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