Standard Chartered Bank Kenya Limited Unsecured Checkoff 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 Checkoff Loan
Loan Amount
Ksh100k - 7M
Loan Period
6 months - 7 years
Interest Rate
14.25% annualised
Total Cost
(incl fees)
17.03 - 17.53% 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 14.25%

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 13.5%
  • Interest Maximum: 14.25%
  • Processing fee: 2.5%
  • Insurance Fee: 0.53%
  • Withdrawal Fee: None
  • Late Fees: None
  • Other Fees: 20% Excise Duty on 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: Auto-deductions

Eligibility Requirement:

  • Smartphone: Not required
  • CRB: Must be in good standing
  • Income: Minimum Net ksh15,000
  • Employment: Required
  • Network: Not Required
  • History: Active account for 6 Months


  • National ID,
  • Certified pay-slips,
  • Letter of introduction from  employer,
  • Application Form filled and signed
  • T&C Links

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 14.25%
  • 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 (up to 7 years)
  • Mandatory Insurance cover, retrenchment & last expense (.54-.72%  deducted from loan)
  • Application can be completed online


  • Application can be Salary transfer required
  • Formal employment required
  • Minimum gross salary of Ksh15,000
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How to Apply For Standard Chartered Bank Non-scheme Personal loan, Repayment, Fees & Contacts

The Standard Chartered Bank Non-Scheme Personal Loan offers personal loans to customers who receive their salary through the bank.

Who is eligible for Standard Chartered Bank Non-scheme Personal loan?

Loan Limits and Interest

How to Apply for Your First Standard Chartered Bank Non-scheme Personal Loan

How to Make Standard Chartered Bank Non-scheme Personal 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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