U & I Microfinance Bank Limited Business Loan Details

Rates available from as of 1st April 2021
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U & I Microfinance Bank Limited

Business Loan
Ksh200k - 3M
2 Months - 36 Months
Total Cost
22% annualized (year 1)
Business Permit Required
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Loan Cost

  • Interest: 22%
  • Application Fee: 0
  • Processing Fee: 0

Loan structure

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: Conventional security and 30% cash collateral

Loan  Details

  • Loan size: SME
  • Minimum tenure: 2 Months
  • Max tenure: 36 Months
  • Minimum amount: ksh200k
  • Max amount: ksh3M
  • Repayment Frequency: Monthly


  • Time in operation: Not required
  • Banking History: 3 Months


  • Duly Filled U&I Loan application form
  • Copy of national ID card
  • 6 months Original Bank statements
  • Passport photo
  • KRA pin copy

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 21%
  • Processing Fee: 0
  • Excise Duty: 0
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh9,356
  • Estimated Total repayment amount: ksh112,313

This product is provided by U&I Microfinance Bank. U&I Microfinance Bank is a Deposit-taking Microfinance Bank licensed under the Microfinance Act No. 19 of 2006  and regulated by the Central Bank of Kenya.

Money254 Review


  • Available to businesses without formal Registration
  • Available to New To bank customers if they can provide certified bank statements for 6 months


  • Requires Security

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