Business Loans

Sidian Bank Limited Chama Biashara Loan Details

Rates available from as of 1st April 2021
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Sidian Bank Limited

Chama Biashara Loan
Amount
Ksh20k - 3M
Duration
1 Month - 24 Months
Total Cost
18.1% annualized (year 1)
Business Permit Required
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Loan Cost

  • ‍‍Interest: 13%
  • Application Fee: 0
  • Processing Fee: 3%
  • Excise Duty: 20% of processing fee
  • Chattel Registration: ksh1000

Loan structure‍

  • Type: Secured
  • Interest structure: Reducing Balance
  • Collateral needed: Either; Log book, title deed, shares or 10% cash collateral

Loan  Details‍

  • Loan size: Micro/SME
  • Minimum tenure: 1 Month
  • Max tenure: 24 Months
  • Minimum amount: ksh20K
  • Max amount: ksh3M
  • Repayment Frequency: Weekly/Monthly

Eligibility‍

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

Documents‍

  • KRA Pin
  • National ID
  • 12 Months bank statement
  • 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

This product is provided by Sidian Bank Limited. Sidian Bank 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


Money254 Review

Pros

  • ‍‍Available to businesses without formal registration
  • Flexible repayment installments‍

Cons‍

  • Requires the business to be operational for at least  2 years
  • Requires security
  • Chattel registration charged ksh1000


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How to Apply Sidian Bank Limited Chama Biashara Loan, Structure, Repayment, Fees & Contacts

Sidian Bank Limited gives Microfinance individual loans to individuals/people running a micro business and need working capital to boost their businesses

Who is Eligible for Sidian Bank Limited Chama Biashara Loan?

Sidian Bank Limited Chama Biashara Loan Security/Collateral

Sidian Bank Limited Chama Biashara Loan limits and Interest rates

Other Fees

Sidian Bank Limited Chama Biashara Loan Interest Structure

Sidian Bank Limited Chama Biashara Loan Interest Structure

How to Make Sidian Bank Limited Chama Biashara Loan Repayments

Contacts

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