Business Loans

Premier Credit Supakwik Credit 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

Supakwik Credit
Amount
Ksh1k - 10k
Duration
1 Month
Total Cost
15% per loan (+ksh1000 Registration)
Business Permit Required
visit website

Loan Cost

  • ‍‍Interest: 0%
  • Application Fee: 0
  • Processing Fee: 15%
  • Registration Fee: ksh1000

Loan structure‍

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: House Hold Chattels/ Business stock

Loan  Details‍

  • Loan size: Micro
  • Minimum tenure: 1 Months
  • Max tenure: 1 Month
  • Minimum Amount: ksh1K
  • Max amount: ksh10k
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 3 Months

Documents‍

  • National ID
  • KRA Pin
  • Existing Premier Credit customers
  • T&C Link

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh10,000
  • Example Loan Tenure: 1 month
  • Representative Interest: 15%
  • Total Loan Repayment: ksh11,500

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
  • Easy application via USSD ‍

Cons‍

  • No top ups for the 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 Supakwik Loan, Structure, Repayment, Fees & Contacts

Premier Credit Supakwik loan is 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 Supakwik Loan?

Premier Credit Supakwik Loan limits and Interest rates

Other Charges

Premier Credit Supakwik Loan Interest Structure

How to Apply for Your First Premier Credit Supakwik Loan

How to Apply for Your First Premier Credit Supakwik 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:

CBK Lures Investors With High Interest, Tax Free Bonds 
News and Analysis

CBK Lures Investors With High Interest, Tax Free Bonds 

July 26, 2024
MPs Overturn Ruto’s Bid to Scrap Office of the First Lady 
News and Analysis

MPs Overturn Ruto’s Bid to Scrap Office of the First Lady 

July 25, 2024
Money Confessions: I Quit a 50K Job Because I Didn’t Want to Live in Ushago
Money and Me

Money Confessions: I Quit a 50K Job Because I Didn’t Want to Live in Ushago

July 25, 2024
Driving Habits That Are Pushing Up Your Car’s Consumption
Money Management

Driving Habits That Are Pushing Up Your Car’s Consumption

July 25, 2024
Full List of Cabinet Secretaries as Nominated by President Ruto in July 2024
News and Analysis

Full List of Cabinet Secretaries as Nominated by President Ruto in July 2024

July 24, 2024
Balancing Personal and Business Finances: Lessons From Successful Entrepreneurs
Money Management

Balancing Personal and Business Finances: Lessons From Successful Entrepreneurs

July 23, 2024
Government Denies Sale of JKIA Amid Planned Protests
News and Analysis

Government Denies Sale of JKIA Amid Planned Protests

July 23, 2024
Burnout: What to Do If You Feel Like Quitting Your Job Every Day
Money Psychology

Burnout: What to Do If You Feel Like Quitting Your Job Every Day

July 19, 2024

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.