Stanbic Bank Kenya Limited Business Term loan 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.

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
visit website

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

This product is provided by Stanbic Bank Kenya Limited. Stanbic Bank Kenya 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

  • 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

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 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

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.