Stanbic Bank Kenya Limited Business Term loan Details

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

Business Term loan
Amount
From ksh500k
Duration
60 Months - 120 Months
Total Cost
16% annualized (year 1)
Certificate of Incorporation Required
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Loan Cost

  • Interest: 13%
  • Application Fee: 0
  • Processing Fee: 2.5%
  • Excise Duty: 20% of Processing fees

Loan structure

  • Type: Secured
  • Interest structure: Reducing balance
  • Security needed: Conventional security

Loan  Details

  • Loan size: SME
  • Minimum tenure: 60 Months
  • Max tenure: 10 Years
  • Minimum amount: ksh500K
  • Max amount: Pegged on the value of the Security
  • Repayment Frequency: Monthly

Eligibility

  • Time in operation: 3 Years
  • Banking History: 3 months

Documents

  • 3 year audited financial statement
  • Projected Income Statement, Balance Sheet and Cash Flow Statements for the duration of the facility
  • 12 months bank statement (both new and existing)
  • Directors Guarantee
  • Company Profile
  • Certified copies of Memorandum & Articles of Association
  • Latest filed annual returns and filing receipts
  • Certificate of Incorporation
  • PIN/VAT certificate
  • Board Resolution
  • T&C Link

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 13%
  • Processing Fee: ksh2500
  • Excise Duty: ksh500
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh8,932
  • Estimated Total repayment amount: ksh107,181

Money254 Review

Pros

  • Maximum amount pegged on the value of the security.

Cons

  • Only available to incorporated companies.
  • Requires the business to have been in operation for at least 3 years

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How to Apply Stanbic Bank Kenya Business Term Loan, Structure, Repayment, Fees & Contacts

Stanbic Bank Kenya Business Term Loan helps your business to meet its long-term financial needs. 

Who is Eligible for Stanbic Bank Kenya Business Term Loan?

Stanbic Bank Kenya Business Term Loan limits and Interest Rates

Other Charges

Stanbic Bank Kenya Business Term Loan Interest Structure

How to Apply for Your First Stanbic Bank Kenya Business Term Loan 

How to Apply for Your First Stanbic Bank Kenya Business Term Loan 

Contacts

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