Platinum Credit SME Loans Details

Rates available from as of 1st April 2021
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

Platinum Credit

SME Loans
Amount
Ksh3k - 1M
Duration
1 Month - 24 Months
Total Cost
11.5%-22.5% annualized (year 1)
Business Permit Required
visit website

Loan Cost

Interest Tiers:

  • 1 Month: 15% per month
  • 3-12 Months: 10% per month
  • 12-24 months : 4% per month
  • Application Fee: 0
  • Processing Fee: 7.5%

Loan structure

  • Type: Secured
  • Interest structure: Flat rate
  • Security needed: Guarantors, Household goods, business stock, logbook

Loan  Details

  • Loan size: Micro/SME
  • Minimum tenure: 1 Months
  • Max tenure: 24 Months
  • Minimum amount: ksh3K
  • Max amount: ksh1M
  • Repayment Frequency: Monthly

Eligibility

  • Time in operation: 6 Months

Documents

  • National ID
  • Passport photo
  • M-pesa Statements
  • Guarantors
  • Photos of Business
  • Collateral(Business or House hold)

Money254 Review

Pros

  • Flexible interest rates depending on the loan period
  • Available to businesses without formal registration

Cons

  • Requires security
  • Requires business to be in operations for at least 6 months


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

We have aggregated all of the Business Loans from Kenya's top financial institutions.
See all Business Loans

How to Apply Platinum Credit SME Loans, Structure, Repayment, Fees & Contacts

Platinum Credit SME loans are available to business people with existing businesses looking to scale their businesses.

Who is Eligible for Platinum Credit SME Loans?

Platinum Credit SME Loans limits and Interest Rates

Other Charges

Platinum Credit SME Loans Interest Structure

How to Apply for Your First Platinum Credit SME Loan

How to Apply for Your First Platinum Credit SME Loan

Contacts

Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

What is Money254?

Money254 is a new platform focused on helping you make more out of the money you have. We’ve created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts have tirelessly collected.  


We’ve just launched but will be adding more product categories and tools over the coming months.

Sign-up to our newsletter and social channels to stay up-to-date!
Learn more about Money254

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play
Download the Money254 app on Google Playstore

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.