Business Loans

Stanbic Bank Kenya Limited SME Bizna Loan Details

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

SME Bizna Loan
Amount
Ksh1M - 3M
Duration
1 Month - 24 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 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

Money254 Review

Pros

  • ‍‍Flexible security requirements.

Cons

  • Requires the business to have been in operation for at least 3 years

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How to Apply Stanbic Bank Kenya SME Bizna Loan, Structure, Repayment, Fees & Contacts

Stanbic Bank Kenya SME Bizna loan is a loan is designed with the needs of small business people in mind to supply them with a short-term financing facility for working capital needs

Who is Eligible for Stanbic Bank Kenya SME Bizna Loan?

Stanbic Bank Kenya SME Bizna Loan Limits and Interest Rates

Other Charges

Stanbic Bank Kenya SME Bizna Loan Interest Structure

How to Apply for Your First Stanbic Bank Kenya SME Bizna Loan 

How to Apply for Your First Stanbic Bank Kenya SME Bizna Loan 

Contacts

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