Standard Chartered Bank Kenya Limited Employee Scheme Personal Loan Details

Rates available from as of 1st April 2021
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
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.

Standard Chartered Bank Kenya Limited

Employee Scheme Loan
Amount
KES
50000
-
7000000
Duration
6
months
-
72
months
Total Cost
17.5
%
-
17.5
%
annualised, year one
Typically approved within
5
days
visit website

* Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be between 14.0%

Loan Fees:

  • Interest Minimum:14%, per annum
  • Interest Maximum:14%, per annum
  • Processing fee:2.5%, one-off fee
  • Insurance Fee:0.53%, one-off fee
  • Withdrawal Fee: None
  • Late Fees: None
  • Other Fees:20% Excise Duty of Processing Fee

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Online/Paperwork
  • Disbursement Method: Bank Account

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Check-Off

Eligibility Requirement:

  • Smartphone: Not Required
  • CRB: Must be in good standing
  • Income: 15000
  • Employment: Required
  • Network: Not Required
  • History: Not Required

Documents :

  • Certified pay slips
  • Letter from Employer
  • 6 months bank statement
  • National ID
  • KRA Pin
  • T&C Links

Money254 Review

Pros:

  • Long loan tenure
  • High Loan limit (Up to 7 Million)
  • Application can be done online

Cons:

  • Salary transfer required
  • Formal employment required
  • Minimum gross salary of Ksh 15000

Use Money254's free search to view the best Personal Loans available in Kenya today

From short-term app loans to long-term bank loans, we have aggregated all of the unsecured Personal Loans from Kenya's top financial institutions.
See all Loans

Learn more about Personal Loans available in Kenya on Money254

Money 254 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 has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

Find the best Personal Loans for me

Stay up to date with your money - sign up for our newsletter today.

Get updates from the Money254 team on financial news and new Money 254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.