Loan Cost
- Interest: 13%
- Application Fee: 0
- Processing Fee: 2.5%
- Excise Duty: 20% of processing fee
Loan structure
- Type: Secured
- Interest structure: Reducing balance
- Security needed: Conventional security
Loan Details
- Loan size: SME
- Minimum tenure: 1 Month
- Max tenure: 24 Months
- Minimum amount: ksh1M
- Max amount: ksh3M
- Repayment Frequency: Monthly
Eligibility
- Time in operation: 3 Years
- Banking History: 12 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.
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