Standard Chartered Bank Kenya Limited Unsecured Non Check off Personal Loan: Product Details & How to Apply is not a lender. We verify loan rates and provide cost breakdowns from Kenya's top lenders to help you apply for loans with confidence.
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Standard Chartered Bank Kenya Limited
Unsecured Non Checkoff Loan
Loan Amount
Ksh100k - 7M
Loan Period
6 months - 7 years
Interest Rate
15.25% annualised
Total Cost
(incl fees)
18.78% annualised, year one
Product Details
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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 15.25%

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 13.5% per annum
  • Interest Maximum: 15.25% per annum
  • Processing fee: 2.5% of principal
  • Insurance Fee: 0.53% of principal
  • 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: ksh40,000
  • 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

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 15.25%
  • Processing Fee: ksh2500
  • Excise Duty: ksh500
  • Credit insurance: ksh530
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh8,990
  • Estimated Total repayment amount: ksh111,416

This product is provided by Standard Chartered Bank Kenya Limited. Standard Chartered 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.

How to Apply

Our Review
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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 Ksh40000

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How to Apply For Standard Chartered Bank Employee Scheme loan, Repayment, Fees & Contacts

The Standard Chartered Bank employee scheme loan offers personal loans to employees of a company that has an agreement with Standard Chartered Bank. The repayments are usually made directly from their salary. It is a loan that is specifically made to meet personal expenses.

Who is eligible for Standard Chartered Employee Scheme loan?

Standard Chartered Employee Scheme Loan Limits and Interest

How to Apply for Your First Standard Chartered Bank Employee Scheme Loan

How to Make Standard Chartered Bank Employee Scheme Loan Repayments


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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.

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