Stanbic Bank Kenya Limited Trader Loan Details

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

Trader Loan
Amount
Ksh50k - 2M
Duration
1 Month - 3 Months
Total Cost
16% annualized (year 1)
Certificate of Registration Required
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Loan Cost

  • Interest: 13%
  • Application Fee: 0
  • Processing Fee: 3%
  • 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: 3 Months
  • Minimum Amount: ksh50K
  • Max amount: ksh2M
  • Repayment Frequency: Monthly

Eligibility

  • Time in operation: 12 Months
  • Banking History: 3 months

Documents

  • National ID
  • KRA Pin
  • Projected Income Statement, Balance Sheet and Cash Flow Statements for the duration of the facility
  • 12 months bank statement (both new and existing)
  • Business registration certificate
  • 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 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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Pros

  • Available to all registered business
  • Audited accounts not required

Cons

  • Requires business to have been in operation for 12 months
  • New to Bank customers required to operate an account for 3 months before disbursement is done.

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

Stanbic Bank Kenya SME Trader loan is a quick business loan that supports the growth of small and medium businesses

Who is Eligible for Stanbic Bank Kenya SME Trader Loan?

Stanbic Bank Kenya SME Trader Loan Limits and Interest Rates

Other Charges

Stanbic Bank Kenya SME Trader Loan Interest Structure

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

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

Contacts

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