Standard Chartered Bank Kenya Limited Employee Scheme Personal Loan Details

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

Employee Scheme Loan
Total Cost
annualised, year one
Typically approved within
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* 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 13.03% - 13.53%.

Loan Fees:

  • Interest Minimum:12.5%, per annum
  • Interest Maximum:13%, 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
  • T&C Links

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


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

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