Business Loans

Premier 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.

Premier Credit

SME Loans
Amount
Ksh5k - 200k
Duration
1 month - 24 months
Total Cost
30% per loan
Business Permit Required
visit website

Loan Cost

  • ‍‍Interest: 30% per loan
  • Application Fee: 0
  • Processing Fee: 0
  • Registration Fee: ksh1000

Loan structure‍

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: 2 Guarantors, Household Chattels, Business stock

Loan  Details‍

  • Loan size: Micro/SME
  • Minimum tenure: 1 Month
  • Max tenure: 24 Months
  • Minimum Amount: ksh5K
  • Max amount: ksh200K
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 3 Months

Documents‍

  • National ID
  • KRA Pin
  • Collateral
  • Business permit
  • T&C Link

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh100,000
  • Example Loan Tenure: 12 months
  • Representative APR: 30%
  • Registration Fee: ksh1,000
  • Monthly Loan Repayments: ksh38,333
  • Total Loan Repayment: ksh460,000

This product is provided by Premier Credit. Premier Credit is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015.

‍

Money254 Review

Pros

  • ‍‍Available to businesses without formal registration
  • Flexible repayment installments options‍

Cons‍

  • Security required for this loan
  • Registration charged ksh1000

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 Premier Credit SME Loans, Structure, Repayment, Fees & Contacts

Premier Credit SME loans are offered to individual, small and medium businesses operating in formally fixed premises. This product seeks to cater to unforeseen, immediate working capital needs.

Who is Eligible for Premier Credit SME Loans?

Premier Credit SME Loan limits and Interest Rates

Other Charges

Premier Credit SME Loan Interest Structure

How to Apply for Your First Premier Credit SME Loan

How to Apply for Your First Premier 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

Learn more about business loans with these recent articles from the Money254 blog:

Top 7 Countries Where Kenyan Banks Are Flying Physical Cash To — CBK
News and Analysis

Top 7 Countries Where Kenyan Banks Are Flying Physical Cash To — CBK

July 3, 2025
Govt to List Kenya Pipeline and State Corporations on NSE
News and Analysis

Govt to List Kenya Pipeline and State Corporations on NSE

July 2, 2025
Govt Secures 4 Deals During Ruto’s Visit to UK 
News and Analysis

Govt Secures 4 Deals During Ruto’s Visit to UK 

July 2, 2025
I Was Pressured to Contribute in My Friend’s Ruracio Group as He Led Luxury Life
Savings Accounts

I Was Pressured to Contribute in My Friend’s Ruracio Group as He Led Luxury Life

July 1, 2025
KRA Announces July 5 Extension on Filing Taxes; How to Get Penalty Waiver
News and Analysis

KRA Announces July 5 Extension on Filing Taxes; How to Get Penalty Waiver

July 1, 2025
KRA Issues Instructions on Payment of Pending Taxes After Deadline Extension
News and Analysis

KRA Issues Instructions on Payment of Pending Taxes After Deadline Extension

June 30, 2025
Weekly Shopping Tracker: See Latest Prices for Basic Goods in Nairobi
News and Analysis

Weekly Shopping Tracker: See Latest Prices for Basic Goods in Nairobi

June 30, 2025
35 Hospitals Shut Down in SHA Crackdown Nationwide
News and Analysis

35 Hospitals Shut Down in SHA Crackdown Nationwide

June 30, 2025

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.
Money254 Logo
DOWNLOAD THE APP
Get it on Google Play
About
CompanyMoney Weekly NewsletterTerms of UsePrivacy PolicyEditorial StandardsPartner with Us
Contact Us
info@money254.co.ke
ABC Place, Waiyaki Way Nairobi
Products
Personal LoansBusiness LoansAuto LoansLogbook LoansInsuranceSavings AccountsCurrent AccountsCredit Cards

Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website.  Please refer to our terms and conditions and privacy policy before using this website.