Category: LOANS

  • Kingdom Bank Salary Advance Loan reviews

    Kingdom Bank Salary Advance Loan reviews

    Kingdom Bank is one of the best banks in Kenya for salary advance loan. You will get a loan of Ksh 20,000 to Ksh 6,000,000. The interest rate is 17% on reducing balance. Repayment is up to 120 months.

    The best thing with Kingdom Bank is that it doesn’t have hidden charges. They will also not increase interest rate, the one listed on the website is the one to be charged.

    What is required

    3 latest payslips

    Copy of National ID Card

    Copy of KRA PIN

    All you need is to open an account and apply for the loan.

    Who qualifies for the loan

    If you are a government employee, you will easily get the loan because your job is stable. The loan is also targeting NGO and private institutions employees. But those with stable jobs will get the highest amount of money.

    Why salary advance is important

    Salary advance will help you pay your bills and solve emergency financial issues. If you want to start a business, go for salary advance. You might also get medical emergency—salary advance will help you. Your car will also need urgent repair, salary advance will help you. You may need money for shopping or school fee, salary advance will come in handy.

  • Tugende Loans in Uganda,Terms and how to apply for the loan

    Tugende Loans in Uganda,Terms and how to apply for the loan

    Below are the terms for Tugende loans in Uganda:

    Cash Loans Terms and Conditions  – Tugende Limited 

    1. Top-up loan

    8.1. The Account holder may, subject to these Terms and Conditions, apply for a loan from the Company on Platform by dialling short Code *271*270#.

    8.2. The Application shall be appraised according to the applicable loan appraisal processes of the Company and the Company reserves the right at its sole discretion and without assigning any reason to approve or decline the application for a loan based on the appraisal.

    8.3. You authorize and consent to the Company’s verification of your credit worthiness from the Credit Reference Bureau.

    8.4.Upon approval of your application, the Company shall disburse to you an Appropriate Loan Amount. The Appropriate Loan Amounts shall range from a minimum amount of Uganda Shillings One Hundred and Fifty Thousand (UGX. 150,000/=) to a maximum amount of Uganda Shillings Three Hundred and Fifty Thousand (UGX. 350,000/=).

    8.5. The Company reserves the right to vary the minimum and maximum amounts above, depending on the Client’s credit worthiness.

    8.6.The loan amount shall be deposited into the mobile money wallet of your choice provided to the Company in your application.

    8.7. The Top-up Loan shall be subject to a flat monthly interest rate of 4.5%. This rate may be subject to the review, depending on the prevailing economic conditions.

    8.8.Loan repayment shall commence within a period of seven (7) days from the date of disbursement of the Appropriate Laon to the mobile money wallet.

    8.9.The number of repayment instalments is set at 13 weekly instalments over a period of three months.

    8.10. The weekly repayments shall be deposited on the Company’s payment channels that include the following: Payway, MTN Mobile Money, Airtel Mobile Money, Centenary Bank and or any other official Tugende payment channel.

    1. Default in repayment 

    9.1. Where the Client is in default, he / she shall be liable to pay:

    9.1.1. A penalty fee of UGX 3,000.00 of the instalment amount to be raised 24 hours after a missed payment.

    1. Fees 

    The Client shall be liable for the following:

    10.1. Transactional charges billed by the telecom operator in respect of any mobile money transaction;

    10.2. Taxes payable in relation to any mobile money remittances being made to the Company;

    10.3. Search fees or other costs incurred by the Company in carrying our due diligence on the Client or collecting KYC information in relation to the Client.

    1. Account statements 

    The Client may, on request be provided with a summary of his / her loan performance activity indicating debits and credits over the Account.

    1. Irrevocable authority of the Tugende (U) Limited

    12.1. It is hereby understood that by selecting the “Accept” option, you irrevocably authorize the Company to act on all requests triggered by such option on the Platform. You shall therefore be liable in respect thereof, notwithstanding that any such requests are not authorized by you or are not in accordance with any existing mandates given by you.

    12.2. If you request the Company to cancel any transaction or instruction after a request has been received by the Company from you, it may at its absolute discretion cancel such transaction or instruction but shall have no obligation to do so.

    12.3. The Company shall be entitled to accept and to act upon any request, even if that request is otherwise for any reason incomplete or ambiguous if, in its absolute discretion, the Company believes that it can correct the incomplete or ambiguous information in the request without any reference to you being necessary.

    12.4. The Company is authorized to affect such orders in respect of your Top-up Loan as may be required by any court order or competent authority or agency under the applicable laws.

    12.5. In the event of any conflict between any terms of any request received by the Company from you and these Terms and Conditions, these Terms and Conditions shall prevail.

    1. Client’s equipment and client’s responsibilities 

    13.1.The Client shall at his or her cost;

    13.1.1. Maintain in safe and efficient operating order the Equipment necessary for the purpose of accessing the Platform.

    13.1.2. Be responsible for ensuring the proper performance of your Equipment and the Company shall neither be responsible for any errors or failures caused by any malfunction of your Equipment, and nor any virus or

    related problems that may be associated with the use of the Platform

    or the Equipment.

    13.1.3. Be responsible for charges due to any service provider providing you with connection to the Platform. The Company shall not be responsible for losses or delays caused by any such service provider as a result of

    non-performance or breakdown in operation.

    13.2. The Client shall follow all instructions, procedures and terms contained herein and any document provided by the Company concerning the use of the Platform.

    13.3. You agree and acknowledge that you shall be solely responsible for the safe custody and proper use of your Equipment and for keeping your Company USSD loan subscription pin (OTP) secret and secure. The Company shall not be liable for any disclosure of your USSD loan subscription pin (OTP) to any third party and you hereby agree to indemnify and hold the Company harmless from any losses resulting from any such disclosure or failure to have the Equipment in safe custody.

    13.4. You shall take all reasonable precautions to detect any unauthorized use of the Platform. To that end, you shall ensure that all communications from the Company are examined and checked by you or on your behalf as soon as

    practicable after receipt by you in such a way that any unauthorized use of and access to the System will be detected.

    13.5. You shall immediately inform the Company through the Client Care Centre within a period of 24 hours in the event that;

    13.5.1. You have reason to believe that your USSD loan subscription pin (OTP) is or may be known to any person not authorized to know the same

    and/or has been compromised; and/or

    13.5.2. You have reason to believe that unauthorized use of the Platform has or may have occurred or could occur and a transaction may have been

    fraudulently input or compromised.

    13.6. You shall at all times follow the security procedures notified to you by the Company from time to time or such other procedures as may be applicable to the Services from time to time. You acknowledge that any failure on your part to follow the recommended security procedures may result in a breach of your “Top-up Loan” Account’s confidentiality. In particular, you shall ensure that the Platform is not used, or requests are not issued, or the relevant functions are not performed by anyone other than a person authorized to do so.

    13.7. You shall not at any time operate or use the Platform in any manner that may be prejudicial to the Company.

    14.Exclusion of liability 

    14.1. The Company shall not be responsible for any loss suffered by you should the Platform be interfered with or be unavailable by reason of:

    14.1.1. the failure of any of your Equipment, or

    14.1.2. any other circumstances whatsoever not within the Company’s control including, without limitation, force majeure or error, interruption, delay or non- availability of the System, terrorist or any enemy action

    equipment failure, loss of power, adverse weather or atmospheric

    conditions, and failure of any public or private telecommunications

    system.

    14.1.3. The Company will not be liable for any losses or damage suffered by you as a result of or in connection with:-

    14.1.4. failure, malfunction, interruption, or unavailability of the USSD System to support the Platform or defects of your Equipment;

    14.1.5. the money in your “Top-up Loan” being subject to legal process or other encumbrance restricting payments or transfers thereof;

    14.1.6. your failure to give proper or complete instructions for payments or transfers relating to your Account;

    14.1.7. any fraudulent or illegal use of the Platform and/or your Equipment; 14.1.8. your failure to comply with these Terms and Conditions and any document or information provided by the Company concerning the

    use of the System and the Services.

    14.1.9. If for any reason other than a reason mentioned in subparagraphs 14.2.1 or 14.2.2, the USSD service Platform is interfered with or unavailable, the Company’s sole liability under this Agreement in respect thereof shall

    be to re-establish the USSD service Platform as soon as reasonably

    practicable.

    14.1.10. Save as provided in subparagraph 14.2.2 the Company shall not be liable to you for any interference with or unavailability of the USSD service

    Platform , however caused.

    14.1.11. Under no circumstances shall the Company be liable to you for any loss of profit or anticipated cost savings or for any indirect or consequential loss or damage of whatever kind, however caused, arising out of or in

    connection with the Platform even where the possibility of such loss or damage is notified to the Company.

    14.1.12. All warranties and obligations implied by law are hereby excluded to the fullest extent permitted by law.

    1. Intellectual property rights 

    You acknowledge that the intellectual property rights in the System (and any amendments, upgrades or enhancements thereto from time to time) and all associated documentation that the Company provides to you through the USSD service Platform or otherwise are vested either in the Company or in other persons from whom the Company has a right to use and to sub-license the System and/or the said documentation. You shall not infringe any such intellectual property rights. You shall not duplicate, reproduce or in any way tamper with the Platform and associated documentation without the prior written consent of the Company.

    1. Indemnity 

    In consideration of the Company complying with your instructions or Requests in relation to the Account, you undertake to indemnify the Company and hold it harmless against any loss, charge, damage, expense, fee or claim which the Company suffers or incurs or sustains thereby and you absolve the Company from all liability for loss or damage which you may sustain from the Company acting on your instructions or requests or in accordance with these Terms and Conditions.

    The indemnity in clause 16 shall also cover the following;

    16.1. All demands, claims, actions, losses and damages of whatever nature which may be brought against the Company or which it may suffer or incur arising from its acting or not acting on any Request or arising from the malfunction or failure or unavailability of any hardware, software, or equipment, the loss or destruction of any data, power failures, corruption of storage media, natural phenomena, Pandemic, riots, acts of vandalism, sabotage, terrorism, any other event beyond the Company’s control, interruption or distortion of communication links or arising from reliance on any person or any incorrect, illegible, incomplete or inaccurate information or data contained in any request received by the Company.

    16.2. Any loss or damage that may arise from your use, misuse, abuse or possession of any third-party software, including without limitation, any operating system, browser software or any other software packages or programs.

    16.3. Any unauthorized access to your Account or any breach of security or any destruction or accessing of your data or any destruction or theft of or damage to any of your Equipment.

    16.4. Any loss or damage occasioned by the failure by you to adhere to these Terms and Conditions and/or by supplying of incorrect information or loss or damage occasioned by the failure or unavailability of third party facilities or systems or the inability of a third party to process a transaction or any loss which may be incurred by the Company as a consequence of any breach by these Terms and Conditions.

    16.5. Any damages and costs payable to the Company in respect of any claims against the Company for recompense for loss where the particular circumstance is within your control.

    1. Variation and termination of relationship 

    17.1. The Company may at any time, upon notice to you, terminate or vary its business relationship with you and in particular but without prejudice to the generality of the foregoing the Company may cancel credits which it has granted and require the repayment of outstanding debts resulting therefrom within such time as the Company may determine, in accordance with the applicable laws.

    17.2. Without prejudice to the Company rights under clause 13.1, Company may at its sole discretion suspend or close your “Top-up Loan”;

    17.2.1. if you use the “Top-up Loan” for unauthorized purposes or where the Company detects any abuse/misuse, breach of content, fraud or

    attempted fraud relating to your use of the Services;

    17.2.2. if your TUGENDE (U) USSD loan subscription or agreement with telecom company is terminated for whatever reason;

    17.2.3. if the Company is required or requested to comply with an order or instruction of or a recommendation from the government, court,

    regulator or other competent authority;

    17.2.4. if Company reasonably suspects or believes that you are in breach of these Terms and Conditions (including non-payment of any Loan

    amount due from you where applicable);

    17.2.5. where such a suspension or variation is necessary as a consequence of technical problems or for reasons of safety;

    17.2.6. to facilitate update or upgrade the contents or functionality of the Services from time to time;

    17.2.7. where you remain inactive for any period of time determined by the Company in its reasonable discretion;

    17.2.8. If the Company decides to suspend or cease the provision of the Services for commercial reasons or for any other reason as it may

    determine in its absolute discretion.

    1. Disclosure of information 

    You hereby expressly consent and authorize Company to disclose your personal information, information or data relating to your Account and any details of your use of the Platform:

    • to and from any local or international law enforcement or competent regulatory or governmental agencies so as to assist in the prevention,

    detection, investigation or prosecution of criminal activities or fraud;

    • to a Credit Reference Bureau;
    • to the Company’s lawyers, auditors or other professional advisors or to any court or arbitration tribunal in connection with any legal or audit

    proceedings;

    • in business practices including but not limited to quality control,

    training and ensuring effective systems operation.

    • Under this Agreement, the Client waives any right or claim that it may make to the Company and its partners regarding the disclosure of the above information as long as it is in compliance with the Data

    Protection laws of Uganda.

    1. Miscellaneous 

    19.1. These Terms and Conditions (as may be amended from time to time) form a legally binding agreement binding on you and your personal successors. 19.2. This Agreement and any rights or liabilities accruing thereunder may not be assigned by you to any other person.

    19.3. Company may vary or amend at any time and without notice to you these Terms and Conditions and the Transaction Fees. Any such variations or amendments may be published on the Company website and/or by any other means as determined by the Company and any such variations and

    amendments shall take effect immediately upon publication.

    19.4. No failure or delay by either yourself or the Company in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy.

    19.5. The rights and remedies herein provided are cumulative and not exclusive of any rights or remedies provided by law.

    19.6. If any provision of these Terms and Conditions shall be found by any duly appointed arbitrator, court or administrative body of competent jurisdiction to be invalid or unenforceable the invalidity or unenforceability of such provision shall not affect the other provisions herein.

    19.7. Any addition or alteration to these Terms and Conditions may be made from time to time by the Company and of which notice has been given to you by way of publication as provided in subparagraph 19.3 shall be binding upon you as fully as if the same were contained in these Terms and Conditions.

    1. Notices 

    20.1. The Company may send information concerning the Top-up Loan via SMS to the Mobile Phone number associated with your Account or loan subscription. 20.2. All notices and communications to the Company should be made to your respective Client Care Centre.

    20.3. You acknowledge that you have no claim against the Company for damages resulting from losses, delays, misunderstandings, mutilations, duplications, or any other irregularities due to transmission of any of the communication referred to herein.

    21 Dispute resolution, jurisdiction and arbitration 

    21.1 You may contact the Client Care Centre to report any disputes, claims or Top-up Loan or Account discrepancies.

    21.2 Any dispute arising out of or in connection with these terms and conditions that are not resolved by the Company shall be referred to arbitration by a single arbitrator to

    be appointed by agreement between the parties or in default of such agreement within 60 days of the notification of a dispute, upon the application of either party, by the Chairman of the Centre for Arbitration and Dispute Resolution who shall be the final appointing authority.

    21.3 Such arbitration shall be conducted in the English language in Kampala in the Republic of Uganda under the provisions of the Arbitration and Conciliation Act, Cap 4 as amended from time to time.

    21.4 To the extent permissible by Law, the determination of the Arbitrator shall be final, conclusive and binding upon the parties hereto.

    21.5 This Agreement shall be governed by and construed in accordance with the laws of the Republic of Uganda.

    22 Incoherence of terms 

    In the event of any inconsistency between these Terms and Conditions and any particular terms of the Client’s USSD menus, these terms and conditions shall prevail.

    Contacts

    57 Ntinda II Road, Naguru, Kampala, Uganda; info@goTugende.com

    UG Toll Free: 0800300848

     

  • Joyinc Loans

    Joyinc Loans

    Below is a list of loans offered by Joyinc:

    Asset Financing

    Get the deal you deserve at a rate you can trust, and acquire that asset you want with speed and ease, at more flexible terms. We provide loans aimed at financing of Motor vehicles, Boda Bodas (motorcycles), Tuk Tuks and other productive assets.

    Benefits

    • Zero deposit (no deposit required)
    • Loan term Max 24 months
    • Insurance for the loan period
    • Asset fully finance by JoyInc Solutions Limited
    • Protective gear provides
    • Short processing period

    Personal Loans

    This is an all-purpose loan facility advanced to persons planning to make improvements on or fund an investment. This loan is granted to individuals, provided that they deposit some form of security, such as titles, log books or share certificates.
    Benefits

    • Competitive interest rates.
    • Repayment of up to 24 months (2 years).

    Standard Requirements

    • Original and copy of National ID or passport
    • KRA PIN
    • Employment card (where applicable)
    • Latest original pay slips (where applicable)
    • Proof of source of income for self-employed individuals

    Biashara Loans

    This short-term loan is specially designed for individual traders who require financing to run their business on a daily basis. For individuals operating informal business or a registered business entity.
    Benefits

    • Flexible repayment terms of up to 24 months
    • Flexible security requirements.
    • Competitive Interest rates.

    Qualifying Criteria

    • Demonstrate ability to pay
    • 6 months bank statement from any financial institution / MPESA Paybill / till Statement
    • A minimum of 1 year experience in the business to be financed.
    • Regular cash flow to meet monthly loan repayment

    Insurance Premium Financing

    Overburdened by a hefty insurance bill? Are your insurance premiums weighing you down? With easy installments and quick processing, our Premium Financing can take the load off. We simply give you loan against your insurance premium bills and pay the proceeds directly to your insurer.
    Features and Benefits

    • The maximum amount depends on your insurance premium.
    • Easy installments over a maximum period of 10 months.
    • We offer competitive, fixed interest rates

    Joyinc High Yield Investments

    The JoyInc High Yield Investment solution allows you to invest in a flexible and convenient setting, at your own pace, and make a difference in people’s lives. Funds are invested in high-yielding assets backed credit that creates a lasting positive social impact and guarantees a return higher than comparative market rate.

    The team’s expertise and knowledge enable us to offer our investors higher return investments guaranteeing a minimum return of 15% per annum which is higher than the market average.

    Features and benefits

    • Guaranteed minimum annual return of 15%
    • Invest according to your ability and at your own pace
    • No hidden charges
    • M-Pesa option for investment (PAYBILL 656964)
    • Interest compounded quarterly
    • Monthly Investor statements
    • Partial or full withdrawal can be made anytime.
    • Investors can also top up in to the account anytime
    • Create lasting impact in lives of underserved communities in Kenya

    The JoyInc High Yield Investment is Ideal for

    • Building up investment for emergencies;
    • Building up investment for groups and investment clubs;
    • Managing your business’s surplus funds;
    • Investing to create capital for future business start up
    • Investing money for short-term financial needs such as school fees, holidays, household goods.
    • Investment for long term goals such as raising mortgage deposit, weddings and real estate investment

    Social Impact

    • Create Jobs
    • Reduce inequality
    • Eradicate poverty
    • Build strong families
    • Empower underserved communities in Kenya

    Contact Us

    • E: info@joyinc.co.ke
    • P: +2514 700 060 441
    • Ruai : Dune Plaza, Ground Floor
      Rongai : Brisma Towers, 2nd Floor, Suite C4
  • Bidii Credit Loans and Customer Care Contacts

    Bidii Credit Loans and Customer Care Contacts

    Below is a list of loans offered by Bidii Credit and Customer Care Contacts:

    Loan Requirements

    Requirements for Bidii SME loan

    1. Must be a Kenya Citizen over 18 years old
    2. Must have operated a business for more than six months
    3. Business must be in a permanent establishment
    4. Must have a registered M-PESA line
    5. Pay a one-time registration fee of 500/-
    6. Have a good credit history with CRB
    7. Must demonstrate ability to pay
    8. Must provide a least two guarantors
    9. All loans will be disbursed and repaid using M-PESA

    Requirements for Bidii Logbook loan

    1. You must have operated a registered / licensed business for more than 2 years year OR
    2. You must have been in employment for more than 2 years
    3. Must be able to show invoices or payslip and employment contract for last 6 months
    4. The vehicle must be in your name.
    5. The vehicle must be in a proper working condition
    6. You must have a clean credit history
    7. Latest Utility Bill e.g. Rent or Electricity
    8. Six months bank statement with a cheque book
    9. Motor Vehicle Valuation
    10. Motor Vehicle Logbook
    11. Execution of Chattels
    12. 2 Passport Photos of the applicant
    13. Documents to show proof of Comprehensive Motor Vehicle Insurance
    14. Legal and Valuation Charges

    Requirements for Bidii Rental Income loan

    1. Kenyan over 18 years
    2. Proof of ownership of the rental units
    3. Proof of regular rental income
    4. Have a property agent collecting rent on behalf for the last six months
    5. Bank / M-PESA statements for last 6-months
    6. Good CRB report
    7. Rental units to be within a major urban center where BIDII CREDIT branch is located.
    8. Be willing to provide collateral such as a motor vehicle or chattels
    9. Must have two guarantors

    List of Loans

    Log-book Loans

    To qualify, one must have the following terms met

    • You must have operated a registered / licensed business for more than 2 years OR
    • You must have been in employment for more than 2 years
    • Must be able to show invoices or payslip and employment contract for last 6 months
    • The vehicle must be in your name/guarantors name.
    • The vehicle must be in a proper working condition
    • You must have a clean credit history
    • Latest Utility Bill e.g. Rent or Electricity
    • Six months bank statement with a cheque book
    • Motor Vehicle Valuation
    • Motor Vehicle Logbook
    • 2 Blank but signed Motor Vehicle Ownership Transfer Forms
    • Execution of Chattels
    • 2 Passport Photos of the applicant
    • Documents to show proof of Comprehensive Motor Vehicle Insurance
    • Legal and Valuation Charges

    Rental Income Loans

    To qualify one must have conditions met

    • Kenyan over 18 years
    • Proof of ownership of the rental units
    • Proof of regular rental income
    • Have a property agent collecting rent on behalf for the last six months
    • Bank / M-PESA statements for the last 6-months
    • Good CRB report
    • Rental units to be within a major urban center where BIDII CREDIT branch is located.
    • Be willing to provide collateral such as a motor vehicle or chattels
    • Must have two guarantors

    se your rental income to get a loan of 50,000 – 1,000,000. Contact your nearest Bidii branch today, call us on 0709 840 000 or fill in the form below and we will call you back

    Unsecured SME Loans

    Our SME loans are designed with your success in mind.  You can borrow from as little as 2,000 to a maximum of 200,000 at an affordable interest rate. Contact your nearest Bidii Credit branch today or call us on 0709 840 000

    To qualify, one must have the following terms met

    • Must be a Kenya Citizen over 18 years old
    • Must have operated a business for more than six months
    • Business must be in a permanent establishment
    • Must have a registered M-PESA line
    • Pay a one-time registration fee of 500/-
    • Have a good credit history with CRB
    • Must demonstrate ability to pay
    • Must provide at least two guarantors
    • All loans will be disbursed and repaid using M-PESA

    Mobile Loans

    Get up to 50,000 loan straight to your mobile phone. Download Bidii Credit app from Google Play and sign up today.

    Inputs Credit

    We provide inputs on credit to farmers through our network on suppliers and market aggregators. The farmer gets paid on time and the aggregator has a steady supply of produce. Farmers can also save for farm inputs in a closed loop wallet.

    Bidii Credit Branches and Contacts

    Head Office/ Ngong Road Branch

    SUITE 301, APPLEWOOD ADAMS
    ADAMS, ARCADE,OFF NGONG ROAD
    TEL: 0709 840 000

    Kitengela Branch

    KULE DAIRY BUILDING
    2ND FLOOR ROOM NO.29
    TEL: 0725270161

    Ruiru Branch

    GITUAMBA HOUSE
    2ND FLOOR ROOM K4
    TEL: 0725270595

    Embakasi Branch

    DONHOLM-OPPOSITE NAIVAS
    GROUND FLOOR ROOM 6
    TEL: 0746512894

    Rongai Branch

    MIKAO INVESTMENT HOUSE
    TEL: 0746512990

    Nairobi CBD Branch

    DEVELOPMENT HOUSE
    MEZZANINE FLOOR ROOM 29
    TEL: 0700940151

    Nyeri Branch

    RWARE HOUSE
    2ND FLOOR
    TEL : 0716571865

    Thika Branch

    GRACE HOUSE
    2ND FLOOR ROOM 2
    TEL: 011333 1843

    Mombasa Branch

    JUBILEE INSURANCE HOUSE
    2ND FLOOR ROOM 17
    TEL: 0716571867

    Kajiado Branch

    LEKORERE BUILDING- NYAMBENE STREET
    ROOM 4
    TEL : 0716718500

    Eldoret Branch

    LEKORERE BUILDING- NYAMBENE STREET
    ROOM 4
    TEL : 0716718500

  • Pezesha Loans and customer care contacts

    Pezesha Loans and customer care contacts

    Pezesha is one of the institutions that offer the best loans in Kenya. Below is a list of loans offered by the institution and customer care contacts:

    Biashara Loan

    • Stock / Inventory
    • Purchase an Asset for your business
    • Working capital
    • LPO financing
    • Know your loan limit instantly
    • Borrow from Kes 10,000 to Kes 2M
    • Flexible repayment period
    • Repayment period extending up to 12 months
    • Competitive interest rates
    • Friendly interest rates on the term loan
    • Free Financial Education
    • Complimentary basic training for small business owners
    • Loan rates and fees
    • Interest rate – 2% to 4%
    • Processing fees – Kes 100
    • Maximum repayment period of 12 months

    What we need from you

    • Download and register on the Pezesha SME loan App. Download Here
    • Demonstrate you have a registered business and a valid business permit
    • Demonstrate that you have a minimum of six (6) months in business
    • At least 6 months of MPESA or BANK statement

    Supply Chain finance

    • Real time access to affordable inventory credit
    • Access to digital tools
    • Never let your retailers run out of stock

    Optimising revenue, efficiency and growth across the value chain

    Pezesha

    SMEs get access to affordable credit

    Investors get access to quality SMEs borrowers through access to our distribution network and crowdfunding approach in return earn purposeful returns

    Supplier

    • Increased business sales when your merchants use financing to place more orders
    • Zero credit risk and no managing delinquency, opening up cash tied to collections and provisions for defaults
    • Drive new product offerings and select which items to offer on credit
    • Deeper relationships with your merchants

    Merchant

    • Access to credit to purchase inventory
    • Increased sales through diversified product offering
    • Little or no instances of out-of-stock Increasing customer loyalty because of reliability
    • A deeper relationship with suppliers which results in order discounts/incentives
      How Pezesha loans work

    The application process takes 24 Hours;

    • Download Pezesha Marketplace App
    • If you Do not have an android app
    • Fill in your Profile
    • Get a Credit Score
    • Get a Loan Limit
    • Send a loan Apllication
    • Your Application will be reviewed and funded before 24 hours

    Contacts

    Please call our agents at 0748 089 114 and 0748 083 788 and they will assist you

    Through our email sme@pezesha.com or 0758616419 for more details

    Duration and amount of SME loan

    Our SME loans go up to KES 1,000,000 and have flexible repayment options of 1-12 months period.

    How to pay your loan

    Do not send money to any individual. Pay Via our paybill 898927 and put your National ID as account Number. Use the number you registered with to repay your loan One Can also pay through the our bank account which is usually provided in the loan agreement. Please contact us via sme@pezesha.com for bank details

     

  • Mula Capital loans and Customer Care Contacts

    Mula Capital loans and Customer Care Contacts

    Below is a list of loans offered by Mula Capital and Customer Care Contacts:

    Secured Business Loans

    Loan Details

    Loan Features

    Tenor: max 24 months

    Facilities

    Business Short term (Overdraft) & Long-term loans

    Requirements

    • Business operation for the past 6 months
    • Personal / Business Bank statement or Mpesa statement
    • Collateral / Security for the loan

    Rate

    Risk-Based Pricing

    Benefits

    Boost working capital, Business expansion Business diversification

    Unsecured Business Loan

    Loan Details

    Loan Features

    Tenor: max 24 months

    Facilities

    Business Short term (Overdraft) & Long-term loans

    Requirements

    • NO collateral is required.
    • Business operational for more than 2 years
    • Books of accounts
    • Guarantor required

    Rate

    Risk-Based Pricing

    Benefits

    Boost working capital, Business expansion Business diversification

    Import Financing

    Loan Details

    Loan Features

    Max repayment 60 days.

    Facilities

    Finance up to 50% value of the vehicle and other assets.

    Requirements

    • Bill of lading
    • Invoices
    • Export certificate
    • Inspection certificate

    Rate

    Risk-Based Pricing

    Benefits

    Enable customers to acquire their imported merchandise and assets without much hustle.

    Invoice Discounting

    Loan Details

    Loan Features

    Max repayment 60 days

    Facilities

    Invoice Discount

    Requirements

    • Proof of invoice payment.
    • Post-dated cheque
    • Bank statement for the past 1 year

    Rate

    Risk-Based Pricing

    Benefits

    Provide working capital for business continuity.

    Asset Financing

    Loan Details

    Loan Features

    Max repayment 24 months

    Facilities

    Asset finance

    Requirements

    • Proforma invoice.
    • 12 months bank statement
    • Valuation Report
    • Proof of income

    Rate

    Risk-Based Pricing

    Benefits

    Enable customers to acquire assets such as motor vehicles, motorcycles and business assets.

    Title Deed Loan

    Loan Details

    Loan Features

    Tenor: max 24 months

    Facilities

    Loan secured with title deed

    Requirements

    • Valuation fee
    • Title deed copy

    Rate

    Risk-Based Pricing

    Benefits

    Finance business, personal growth and development

    Logbook Loan

    Loan Details

    Loan Features

    Max repayment 24 months

    Facilities

    Loan on Motor vehicle logbook

    Requirements

    • Valuation report
    • Logbook copy
    • N/B: Joint Registration will be effected.
    • Discharge after loan completion
    • Valid comprehensive insurance cover from a reliable underwriter

    Rate

    Risk-Based Pricing

    Benefits

    Sort cash emergencies intently from time to time

    School Fees Loan

    Loan Details

    Loan Features

    Max repayment 12 months

    Facilities

    School fees loan

    Requirements

    • School fees structure
    • Cheque is drawn directly to the learning institution

    Benefits

    Prompt payment self or children’s school fees

    Salaried Loan

    Loan Details

    Loan Features

    Max repayment 24 months

    Facilities

    Salaried loan

    Requirements

    • Letter of contract from the employer
    • 3 months’ payslip
    • Recommendation from the employer

    Benefits

    Personal growth and development

    Emergency Loan

    Loan Details

    Loan Features

    Tenor: Max 3 months

    Facilities

    Cash Emergencies

    Requirements

    • Collateral / Security for the loan

    Benefits

    Meet cash emergencies e.g. Abrupt Business relocation, Payment of unexpected business expenses

    Mula Capital Customer Care contacts

    Address

    Nairobi, Kenya

    Phone:+254 722 926 774

    Email us:info@mulacapital.co.ke

    Facebook:@mulacapital

  • Maendeleo Capital Loans and customer Care Contacts

    Maendeleo Capital Loans and customer Care Contacts

    Below is the list of loans offered by Maendeleo Capital and Customer Care Contacts:

    Asset Finance Loans

    The Asset Finance loan gives you access to business assets such as equipment, machinery and vehicles, or enables you to release cash from the value in assets you already own.

    Requirements

    Filled application form

    Pick the application form from our offices or download a copy in by clicking on this link Application form.

    Dully filed and signed loan application form.

    Kindly ensure that you attach your Copy of National I.D, 2 passport photos and your KRA pin.

    A cheque book account & Six months Bank statements.

    Proof of residential address.

    Imports Duty Tax

    Requirements

    • Duly filled application form
    • Cheque book account- 3PD cheques
    •  National ID card/ Passport PIN
    • Statements for the last three months

    2% Processing fee

    5% monthly Credit Charge

    Salary Advance Loan

    Requirements

    • Personal Statements for the last 3 months
    • National ID card/ Passport PIN
    • 3 months payslips
    • Cheque book account- 3PD cheques
    • Duly filled and signed loan application form

    Fees and Charges

    • 2% Processing fee
    • 5% credit Charge per month

    Title Deed Loan

    What is the value of your land? We can finance you up to 50% of its value. Title deed loans are perfect to fulfill your personal demand conveniently. Borrow up to Kshs 500,000 on Title Deed in 24 hours.

    KES 500K—High range

    Upto 50%—Land value

    In 24hrs—Fast approval

    If you’re in the market for this lоаn, we encourage уоu to give us a саll or come in for a chat. If уоu prefer to cоmmunісаtе electronically, рlеаѕе fill out the application form, and our representative will get in touch with уоu.

    Financial Planning Strategies

    • Dully filed and signed loan application form.
    • Original Title Deed and a copy.
    • Identity: Copy of National I.D, 2 passport photos, KRA pin.
    • A cheque book account.
    • Six months Bank statements.
    • Land valuation report.
    • Utility bill or rental house receipt.

    Analyze Your Business

    • Quick Loan summary.
      • Name        Title deed loan
      • Catagory    Individual/business
      • Limit          Upto KES 500,000
      • Aproval      within 24 hours
      • Security       Land title deed

    SME Loans

    Anyone who runs small business enterprise is eligible to apply for an SME loan. the loans are given to boost your business. Do you need fast working capital for your small business/start up? Maendeleo Capital Offers secured short term loans in Kenya to meet your daily business needs

    General Requirements

    • Duly filled application form
    • Cheque book account- 3PD cheques
    •  National ID card/ Passport PIN
    • Statements for the last three months

    Fees and Charges

    • 2% Processing fee
    • 5% monthly Credit Charge
    • Loan

    Customer Care Contacts

    Call Us

    • (+254) 745-560-008
    • (+254) 723-940-176

    Message

    • info@maendeleocapital.co.ke

    Our Location

    •  Applewood Adams

    Ngong Road, Nairobi

    Working Hours

    • Mon 08:00 – 17:00
    • Sat 09:00 – 13:00

     

  • Incredo Kenya loans,Application Requirements,Contacts

    Incredo Kenya loans,Application Requirements,Contacts

    Below is a list of loans offered by Incredo Kenya,application requirements and contacts:

    Asset Finance

    We understand that you have the desire to grow your asset portfolio. Incredo offers you an easy way to upgrade your life,  by offering up to 70% financing up to Kshs 5,000,000, to purchase assets such as land for both business and personal use. Enjoy flexible repayment period of up to 24 months.

    With our quick and easy approval system, all you need is to identify the asset, put down your deposit and we’ll do the due diligence and complete the purchase for you. Make the bold choice and apply today!

    • Up to 70% financing.
    • Maximum loan of up to Kshs 5 Million.
    • Insurance premium financing arrangement.
    • Zero penalty on early repayment.

    Requirements

    For Individuals

    • Certified 12 months Bank and Mpesa statements
    • Passport photo, ID and KRA Pin Copy
    • Pro-forma invoice or agreement from the asset seller
    • Copy of the logbook/title deed to be used as collateral.- copy of security documents

    For SMEs and Corporate

    • Certified 12 months Bank and Mpesa statements
    • Copy of latest CR12
    • Company Registration/ certificate of incorporation
    • Latest 3 years audited reports
    • Memorandum and Articles of Association
    • Copy of Business Licenses and Permits.

    SME Loans

    Requirements

    For Individuals

    • Certified 12 months Bank and Mpesa statements
    • Passport photo, ID and KRA Pin Copy
    • 3 months latest payslips and letter of appointment for employed clients.
    • Copy of the logbook/title deed to be used as collateral.

    For SMEs and Corporate

    • All the above plus;
    • Copy of latest CR12
    • Company Registration/ certificate of incorporation
    • Latest 3 years audited reports
    • Memorandum and Articles of Association
    • Copy of Business Licenses and Permits.

    Boresha Kilimo Loans

    Are you looking to get into agri business or grow your already existing venture? Incredo Boresha Kilimo offers holistic financing across the various agricultural value chains, enabling our clients to increase production, add value to their products, automate, and access broader markets. We inspire our agribusiness clients to be bold and aggressive in their growth because agriculture is the bedrock of a nation’s economy. Whether you are into horticulture, cash crop management or livestock farming, our Incredo Boresha Kilimo loan has got you covered.

    Along with access to up to Kshs 5,000,000 to be repaid over 24 months, clients also enjoy a unique crop and livestock insurance feature. We also offer an optional grace period to match your production cycles, because we care for your growth.

    • Flexible repayment terms.
    • Maximum of Kshs 5 Million.
    • Crop & livestock insurance.

    Requirements

    For Individuals

    • Certified 12 months Bank and Mpesa statements
    • Passport photo, ID and KRA Pin Copy
    • 6 months business records
    • 3 months latest payslips and letter of appointment for employed clients.
    • Copy of the logbook/title deed to be used as collateral.

    For SMEs and Corporate

    • All the above plus;
    • Copy of latest CR12
    • Company Registration/ certificate of incorporation
    • Latest 3 years audited reports
    • Memorandum and Articles of Association
    • Copy of Business Licenses and Permits.

    Drive Thru’ Loans

    Life is unpredictable and sometimes an emergency comes up that requires urgent financing. Incredo offers you a solution for your unprecedented needs. A quick loan of up to Kshs 1,000,000 secured by a log book, and your needs are sorted. We understand that speed is of the essence, that is why you can access this loan from our Incredo App. Simply download the app from the Google Play Store or dial our USSD *807#. These loans have a flexible repayment period of up to 24 months.

    Requirements

    • Standard KYC documents
    • Certified 6 months bank & Mpesa statements
    • Employment documents- contracts and 3 latest pay slips
    • Proof of business documentation
    • Original logbook and insurance confirmation.
    • PD cheques / Standing orders
    • Current valuation

    Insurance

    Available Products

    Choose from a comprehensive range of insurance plans for individuals and for businesses. All our plans are designed to provide clients with the support they need to protect their interests.

    General Insurance

    • Motor Insurance (All Classes)
      • Domestic Insurance package
      • SME/Business Insurance Package
      • Medical Insurance
      • Contractors All Risk Insurance
      • Institution/School Insurance package
      • Industrial Insurance Package
      • Public Liability Insurance
      • WIBA
      • Travel insurance
      • Marine and Aviation insurance
      • Professional Indemnity
      • Plate/Glass Insurance cover

    Life Insurance

    Why insure through us?

    For all your business needs, Incredo Insurance offers competitively priced premiums without compromising on quality or
    service standards. We understand the importance of offering high-quality products and services for your business’s growth and
    development. We are a team of professionals who have been working tirelessly since our inception to provide you with world-class
    services that make a difference in your business and personal success story!

    Personal Development Loans

    Do you have a personal development project that has stalled due to lack of funds? Incredo has your back, with a loan solution designed to enable you to complete your project. Access up to Kshs 5,000,000 with a flexible repayment period of up to 36 months.

    We care about our aspirational clients. Don’t let your plans hit a snag, talk to us today!

    Check-off Loans

    Check-off Loans

    If you earn a regular income from either a monthly salary, or you work/run a high production farm, then you qualify for this loan. Incredo offers a check-off loan of up to Kshs 3,000,000 with a flexible repayment period of up to 36 months. All you need to secure the loan is either a log book or a title deed.

    This loan facility is accessible to employees of companies that have a check-off arrangement with Incredo. Reach out to us for more information.

    Features;

    • Access up to Kshs. 3,000,000.
    • Loan secured with logbook or Title deed.
    • Flexible loan repayment period of up to 36 months.
    • Fast processing.
    • Competitive interest rates.
    • No penalty on early payment.

    Requirements

    • A signed MOU with the employer or consumer organization should be in place.
    • Must be in employment for a minimum period of 6 months.
    • Letter from employer confirming terms of service.
    • Repayment of up to 36 months based on terms of service.
    • Duly filled Loan Application Form.
    • Certified 6 months Bank or Sacco and Mpesa Statements.
    • Copy of ID and KRA PIN.
    • A Certified Letter of Appointment.

    Incredo Mobile Loans

    Life happens to the best of us and every so often, we need a quick cash injection to help us deal with what life throws our way. You can rest easy because accessing our Incredo mobile loans has never been easier. As an existing Incredo client, simply download our Incredo App from the Google Play Store, or dial *807# to access loans of up to Ksh 300,000 with a flexible repayment period of up to 12 months. Download our app today!

    Please note that our official paybill numbers are 765758 and 420537.

    Requirements

    • Be an existing Incredo Customer

    Incredo Kenya Contacts

    Contact Info

    Our customer service team are available

    Mon – Fri :  8AM to 5PM
    Saturday :  9AM to 3PM 

    Head Office

    Thika Bazaar 2nd Floor, Wing 1
    0709 571 000

    NAIROBI CBD BRANCH

    IPS Building, Kimathi Street 2nd Floor
    0709 571 120

    Working Hours

    Mon – Fri: 0800 – 1700HRS
    Saturday: 0900 – 1300HRS
    Sunday: Closed

    Thika Branch

    Thika Bazaar 2nd Floor, Wing 2
    0709 571 105

    MERU BRANCH

    Royal Business Park,
    5th Floor
    0709 571 125

    Contacts

    +254 709 571 000
    +254 726 055 045
    info@incredo.co.ke

  • Best SME Loans in Kenya with low interest rate

    Best SME Loans in Kenya with low interest rate

    If you want a loan for your small business in Kenya with low interest rate, here is where to apply:

    National Bank

    Jenga Biashara Loan

    The Jenga Biashara loan is a small business loan, specially designed to help you expand your business. Enjoy one of the quickest business loans in Kenya of up to KSh 5 Million with the benefit of insurance cover on the assets purchased.

    What is required

    • One year business operation
    • 12 months statement for non-National Bank customers
    • Business permit and certificates
    • Business records

    Rates and fees

    • Interest rate – 13% (CBR rate 9% plus Bank Variable margin of 4%)
    • Application fee – 3%
    • Credit life and Stock loss insurance cover – 1% of the approved loan amount

    Equity Bank

    Agent Float Financing

    You now don’t have to worry about running out of cash for your Agency business. Agency float financing allows you to apply and get an instant loan to continue running your business.

    The loan is availed into your Equity agent transaction account to enable you continue transacting when you run low on float.

    With this loan, you will always have enough float to serve your customers who wish to deposit money or make payments at your Equity Agent.

    Frequently Asked Questions

    1. Who is eligible for Agent Float Financing?

    This loan is available to all Equity Agents.

    1. How do I access Agent Float Financing?

    This loan is available on both agency STK and POS. However, for first time application you will be required to visit your nearest Equity Branch to sign up.

    1. How do I check my Loan limit?

    Upon successful sign up at the branch, go to your Agent Equitel Line > Select My Account > Select Balance Inquiry > Enter PIN and you will receive an SMS confirmation with your loan limit.

    1. How long does it take to get the loan application?

    Upon successful application, the loan is available instantly into your Agent transaction account.

    1. How do I grow my loan limit?

    Growing your limit is easy. Simply transact more with your agent account through deposits and withdrawals. The higher the transactions, the higher the loan limit.

    1. What is the loan repayment terms?

    The loan has a flexible repayment period of upto 5 days at a fee of 0.5%.

    1. Am I eligible for agent float financing loan if I have another loan with the bank?

    Yes. You are eligible for this loan provided all the other loans are performing well and you have ability to repay this loan.

    1. Can I access more than one loan at a time?

    Yes, with agent float financing, you can borrow a second loan as long as you are within your loan limit.

    1. Are there penalties for late re-payment?

    Late repayment is highly discouraged as it lowers your loan limit and may lead to cancelation of the loan limit. Always repay your loan within 5 days to avoid the loan being charged at the Bank’s interest of 13%.

    1. What happens if I fail to pay the loan within 5 days and I have not utilized the full limit?

    The unutilized loan limit cannot be accessed. You will be required to repay your overdue loan to continue accessing this loan. You are encouraged to repay your loan in time so that you do not lower your loan limit.

    1. Can the bank cancel my loan limit?

    Yes, the loan limit can be removed if you fail to repay your loans on time, ceases to be an Equity Agent or in the event the bank deems it necessary.

    1. Must I borrow the maximum loan limit allocated?

    No. You can borrow any amount within your loan limit.

    1. I am a super-agent can I stop a sub-agent outlet from consuming the loan limit?

    Yes. All you need to do is inform the Branch for consideration and the branch will deactivate the loan limit.

    Mortgage Finance

    This is a loan facility that enables you to borrow funds towards purchasing real estate property.

    Great Features

    1. Enjoy quick loan processing.
    2. Repayment terms have been made flexible.

    For charges applicable to this product/service,refer to the tariff guide available on this link. 

     

    What you require to sign up

    1. You need to be an active account holder with Equity Bank.
    2. Copy of PIN certificate of the company
    3. Memorandum and articles of association for companies registered prior to 2015
    4. Copy of ID/passport for all directors
    5. KRA PIN certificate for all directors
    6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
    7. Current tax compliance certificate
    8. Board of Directors resolution to borrow & pledge security duly sealed
    9. Submit your loan purpose for financing business working capital and operational needs
    10. Submit your loan application within a reasonable time.
    11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.
    • Why you should sign up for this product
      1. This includes insurance of the building.
      2. The building is capable of generating income via rental income.
      3. The package includes value added services such as negotiated legal fees, valuation services and competitive commitment and entry fees.
      4. Investment advisory services are inclusive.
      5. The repayment period on Home Purchase is a maximum 20 years while on Commercial Property Purchase it is a maximum 10 years.

    Construction Loan

    This is a loan facility that enables you to borrow funds towards constructing a building for residential use or as commercial premises.

    Great features

    1. Enjoy quick loan processing.
    2. Repayment terms have been made flexible.
    3. Loan tenure of up to 10 years

    For charges applicable to this product/service,refer to the tariff guide available on this link. 

     

    Easy Steps to get this loan

    • You need to be an active account holder with Equity Bank.
    • Submit your loan application indicating loan purpose and operational needs of the business
    • Clearly demonstrate the existence of income that could be used to repay the loan.

    What you require to sign up

    1. You need to be an active account holder with Equity Bank.
    2. Copy of PIN certificate of the company
    3. Memorandum and articles of association for companies registered prior to 2015
    4. Copy of ID/passport for all directors
    5. KRA PIN certificate for all directors
    6. Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
    7. Current tax compliance certificate
    8. Board of Directors resolution to borrow & pledge security duly sealed
    9. Submit your loan purpose for financing business working capital and operational needs
    10. Submit your loan application within a reasonable time.
    11. Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

    Security

    • The asset financed.
    • Tranche disbursement
    • Certificate of completion
    • Why you should sign up for this product
      1. The repayment period is a maximum 10 years.
      2. The products are tailored to support the specific needs of the business.
      3. Negotiated legal fees
      4. Valuation services and competitive commitment and entry fees.
      5. Negotiated Insurance premiums
      6. Advisory and business development services are also inclusive.

    KCB Bank

    SME Term Loans

    Choose between a secured or unsecured loan up to Kes. 250 Million, payable over flexible repayment periods, giving you access to financing to drive your business current and long-term goals.

    Benefits

    High loan limits

    Access secured loans of up to Kes. 250 Million, and unsecured of up to 3 Million

    Flexible repayment period

    Repay your loan within your desired duration up to 36 months for an unsecured loan and 60 months secured term loans

    Competitive Interest rates

    Friendly interest rates on the term loan, giving you lower cost of credit

    What We Need From You*

    • Breakdown of total project cost and financing plan
    • Audited Accounts for the last 3 years for amounts above Kes. 5 Million

    *A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

    Loan Rates & Fees*

    • Competitive rates

    Faulu Bank

    Biashara SME Loan

    What’s in it for you?

    • Flexible collateral requirements
    • Flexible repayment terms
    • Top-up feature available
    • Specialized Individual Lending Officers
    • Loan term of up to a maximum of 84 months

    How does it work?

    SME Business growth needs :

    Biashara SME-Working Capital:

    • Working Capital/Business Expansion/Stocks
    • Import/Export Financing
    • LPO Financing and Invoice Discounting
    • Trade Finance Solutions
    • Bid and Performance Bonds
    • Letters of Guarentee

    Biashara SME-Development:

    • Acquisition of Movable and Immovable assets/Equipment
    • Acquisition of Plots, Land, Buildings, Project Finance, Construction and other Capex Needs

    How do I apply?

    • Must be a registered business
    • Operative account to be opened and all business proceeds to be channeled through Faulu
    • Fill in our application form
    • 6 months certified bank statements
    • Latest management accounts as at the time of application for Loans above Kshs1.5 M
    • Annual Returns for the last 3 years for Companies
    • PIN Certificate / National I.D copy
    • Copies of Trading License and other specialized licenses where applicable

    How do I secure the loan?

    Flexible Collaterals Subject to risk assessment and appraisal with the following options :

    1. First legal charge over the title deeds, joint registration and chattels mortgage over motor vehicles. Furthermore; lien on quoted shares, fixed cash held on FDR account and Lengo Account etc. The loan limit will be set from time to time.
    2. Where securities in 1 above are insufficient Fixed and Floating Debenture overall Company Assets to be registered as additional security. The loan limit will not exceed KSHS. 100 Million and a loan term of up to 72 Months.

    Directors Personal Guarantees and Indemnity

    2.2 Transfer of Shares form signed in blank by each of the Shareholders

    2.3 Letter of Authority to transfer shares signed by each shareholder

    2.4 Original Certificate of Incorporation

    2.5 Original Memorandum and Articles of Association

    2.6 Original Share Certificates

    2.7 Original Lease for the Business Premises

    2.8 Credit Life, Key Man Insurance to be negotiated

    2.9 All perils insurance for company assets including stock to be organized from reputable companies in our Panel and Faulu Interest Duly noted on the Policy

    2.10 Fire and all perils for Houses, Comprehensive Insurance for Motor Vehicles offered as security to be obtained from reputable companies with Faulu Interest Duly Noted on the Policies

    HFC Group

    SME Loans

    Unsecured Loan

    This is a short-term facility available for business customers to facilitate business expansion

    Features & Benefits

    • Loan amount up to Kes. 10,000 to Kes. 2M
    • Loan duration is 12 months
    • Competitive interest rate
    • Quick processing

    Requirements

    • ID, KRA Pin, passport photos of Directors
    • Company KRA PIN
    • Registration certificate
    • Business licence
    • 12 months bank statements

    Term Loan

    This a secured facility available for business customers to facilitate business expansion

    Features & Benefits

    • Maximum amount based on purpose and serviceability
    • Maximum period of 60 months

    Requirements

    • ID, KRA Pin, passport photos of Directors
    • Company KRA PIN
    • Registration certificate
    • Business licence
    • 12 months bank statement
    • Copies of security document

    Stanbic Bank

    SME Bizna loan

    What you get

    • Maximum loan amount of Kes 3 million
    • Top-ups available after 6 months satisfactory repayments
    • Credit life and fire burglary insurance

    Documents required

    • Duly constructed business financial statements for at least 12 months
    • Certified 12 month bank statements
    • Business Licences
    • Minimum of 3 years trading history within local markets to support loan amounts

    Bank of Baroda

    Corporate/SME Loans

    Benefits

    • Simple applications process
    • Quick approvals
    • Attractive Rate of Interest
    • Zero processing Charges
    • Easy terms

    Corporate/SME Loans : Key Features

    Borrower:

    Borrower may be Sole Proprietorship, Partnership, Limited Liability Company, or any other type of constituent permissible under the law, subject to compliance of the relevant formalities and on fulfilment of the Bank’s eligibility criteria and other loan specific terms and conditions.

    Sectors:

    Export Finance, Manufacturing, Trade, Building & Construction, Tourism, Hotels & Restaurants, Agriculture, Energy, Telecommunications, Service sector etc.

    Type of Facility: 

    The Bank meets the borrower’s financial requirements through Fund-Based (FB) or by way of Non-Fund Based (NFB) facilities.  Fund Based credit facilities are extended by way of Overdraft, Demand Loan, Term Loan, Import Finance Pre-shipment, Post-shipment and Bills Purchase/Discounting facilities etc.  Non-Funded facilities are extended by way of Letter of Credit, Guarantees, Co- Acceptance (Bill Avalisation) etc.

    KCB Bank

    KCB MSME Loan Offer

    KCB MSME Loan offer has been designed for our business customers in response to the current harsh economic times. We’re providing a financial cushion to help maintain liquidity for your working capital or to enable you to acquire trading assets.

    What we need from you

    • Be an active KCB account holder for at least 6 months
    • Business account annual turnover of between KES 500,000 to KES 100 Million.
    • Must be a registered business (MSME) in Kenya
    • Provide Business registration certificate
    • Provide a valid business permit or trade license from the county government.
    • Have a tax compliance certificate
    • Borrower must have been in operation (viably) for at least 2 years.
    • Must be a credit worthy MSME.
    • Have a positive CRB listing
    • Be compliant with the bank’s Environmental Risk Management Guidelines where applicable

    Visit your nearest branch or contact your relationship manager to apply.

    Access to interest rates and negotiation fees discounted by 1%*

    Attractive loan limits with flexible repayment period

    Get a loan of up to KES 5 Million with a flexible repayment period of up to 36 months

    I&M Bank

    I&M Business Loan

    Overdraft: A revolving short-term facility used mostly by businesses to meet their short-term working capital needs.

    • Extended for working capital requirement
    • Interest linked to the Bank’s Base Lending Rate or Foreign Currency Base Lending rate (for foreign currency), charged quarterly
    • Available in KShs, US Dollars, GB Pounds and Euro

    Term Loans Term loans are given to businesses for:

    • Purchase of long-term assets such as land, buildings, machines and motor vehicles
    • Construction Loans/Real Estate Development Loans
    • Asset Finance – New and used Motor vehicle and machines purchases
    • Business acquisitions
    • Business expansions
    • Agri-production, Agri-processing loans
    • Short loans for working capital needs

    Notes Please read carefully

    • Interest linked to the Bank’s Base Lending Rate or Foreign Currency Base Lending rate (for foreign currency)
    • Available in Kenyan Shillings, US Dollars, GB Pounds, and Euro

    Bank of Africa Kenya

    This is a short to medium term loan granted to customers to finance Expansion and the growth of their business i.e. working capital and business expansion

    Target Market

    We target Small and Medium enterprises operating in: – Transport, Trade and Commerce, Construction, Manufacturing, Education, Health & other services sector.

    Value range

    Minimum kes100,000 – Maximum based on client ability to pay

    Product features

    • Secured by a combination of any acceptable tangible securities such as title deeds, log books, listed shares, cash cover etc.
    • Interest rate as per CBK regulation
    • Interest rate calculation payable in arrears on reducing balance or flat rate
    • Method of loan repayment either EMI or as per the customer cash flows.
    • Loan advanced both in Kenya shilling and foreign currency
    • Overdraft limit to be advanced for a maximum period of one year renewable
    • Trade loans i.e. invoice discounting, LPO, contract financing, certificate financing to be advanced for a maximum period of one year

    Credit Conditions

    • 12 months bank statement with Maximum EMI(Equated Monthly instalment) of 30% of MACAT(monthly Average Credit Account Turnovers)
    • Provide documentary evidence of at least three year experience in the line of business
    • Good credit history
    • For limited companies Specific debenture over the asset being purchased

    Eligibility Items

    • KYC documents i.e. directors ID and PIN, Company PIN, MEMART and certificate of registration
    • Business records
    • Copy of security
    • Dully completed loan application as per account mandate and appraisal form, resolution to borrow.
    • Current Valuation Report from bank’s authorized valuers is required for used motor vehicles
    • Complete security perfection after the approval.
    • Detailed call report including photos and sketch maps

    Paramount Bank

    Business Loans

    Features & Benefits:

    • Easy and affordable monthly installments
    • Medium/Long term loan
    • Repayment is on installment date
    • Interest on loan balance is accrued daily Available in BOTH Local and Foreign Currencies
    • Available for Sole Proprietorships / Companies

    NCBA

    Secured Business Loan

    Our secured business loans are available to businesses and individuals in business who need to finance expansion or diversify their business assets. Get a loan with a flexible repayment period of up to 60 months, whether you are a customer or non-customer in business.

    Features

    • Loan amounts are tailored to fit your business needs.
    • Flexible security options.
    • Repayment period is assessed on existing business cash flow and cash flow projection.
    • Maximum tenor period of up to 5 years for capital expenditure (CAPEX) and 3 years for working capital.

    Working Capital Loan

    Target: Groups, individual members in groups, Individual loans to non-group persons and SMEs

    Features

    • Client needs to be running a business
    • Competitive interest rates
    • Repayments through M-PESA.
    • Grace period of up to 1 month

    Requirements

    • Duly filled loan application form
    • Copy of ID/passport & Pin
    • Copy of registration certificate for groups
    • Copy of group registration certificate
    • Utility bill

    Family Bank

    Biashara Boost Loan

    Biashara Boost Loan is specially designed for micro-businesses that require funds to expand their existing business line(s) profitably. The product gives you access to financing of up-to Kes. 5 Million with eligibility to top-up existing loans making use of flexible collaterals and enjoying flexible repayment periods of up to 36 months.

    Features

    • Borrow flexible amounts ranging from Kes. 5,000 to Kes. 5 Million
    • Flexible repayment period of up-to 36 months
    • Eligibility to top-up existing loans

    Benefits

    • Flexible security requirement
    • Fast loan processing

    Requirements

    • A 6-months banking relationship with Family Bank
    • New customers from other financial institutions are also eligible
    • Business MUST have been operational for at least twelve (12) months
    • Ability to repay the loan MUST be clearly demonstrated

    Kingdom Bank

    Unsecured Business Loan

    It is a loan facility that provides the working capital for business operations and expansion. It is suitable for retailers, distributors, wholesalers, hardware shops etc.

    FEATURES:

    • Unsecured loan of up to Kes 3,000,000
    • Business stock can be used as security
    • Free LNM & KB M-collection linkage
    • Consideration of the other banks’ statements, where applicable
    • Business registration documents

    UBA Bank

    SME Banking

    Benefits

    Doorstep banking: Get the convenience of banking at your doorstep rather than ferrying the cash to and from the nearest branch.

    • No cash handling fees
    • Access to online banking as per the bank’s tariff
    • Unlimited withdrawals
    • Access to loan facilities and overdrafts
    • Cheque book available

    UBA X AfCFTA

    We are committed to supporting SMEs across Africa

    Who can benefit?

    • Traders
    • Sole Proprietors
    • Corporate Banking Customers

    Focus Industries

    • Agro-processing
    • Pharmaceuticals
    • Automotive
    • Transport and Logistics

    Standard Chartered Bank

    Business Working Capital

    Eligibility & Documents

    Eligibility

    • Sole proprietorships, Partnerships or Private Limited Companies
    • Business registered in Kenya
    • Minimum 3 years of business operations

    Documents Required

    • ID or Passport of all directors/shareholders/guarantors
    • Board of Directors’ resolution
    • Memorandum & Article of Association (or Constitution)
    • Certificate of incorporation/registration
    • Latest 6 months bank statements of main operating account
    • Latest audited financial statements (if applicable)
    • More details to be provided by the sales officer

    Cooperative Bank

    MSME Term Loan

    Keep your business running with an MSME Term Loan

    Features

    Amount of unsecured term loan

    • Bronze: Kes 600,000.00
    • Silver: Kes 6,000,000.00
    • Gold: Kes 10,000,000.00

    Fully secured term loans

    Up to 24 months repayment for unsecured borrowing

    Up to 60 months repayment period for secured borrowing

    Requirements

    MSME LOANS – Flat rate

    • Interest Rate – (BBR +4%)
    • Application/ Negotiation Fees – None
    • Appraisal Fees – 2.5%
    • Max Tenor – 36 months

    MSME LOANS- Reducing balance

    • Interest Rate – (BBR +4%)
    • Application/ Negotiation Fees – Kes. 3,000.00-Kes. 15,000.00 (depending on amount)
    • Appraisal Fees – 3%
    • Max Tenor – 36 months

    Kenya Women Finance Trust(KWFT)

    SME

    Large scale entrepreneurs and entities find it difficult to access capital to expand their businesses comes in handy with an SME financing solution tailor-made for these entrepreneurs and entities to expand their existing businesses.

    Benefits

    • Competitive interest rates
    • Flexible security requirement
    • Flexible loan amounts
    • Longer repayment period of up to 7 years

    What is required to apply for this loan

    • Own a stable large business/ an income generating venture
    • Bank statement for the last six months
    • 2 guarantors
    • Flexible collaterals

     

  • Platinum Credit Kenya Loans, Interest Rate,Paybill, Customer Care Contacts

    Platinum Credit Kenya Loans, Interest Rate,Paybill, Customer Care Contacts

    Below is a list of loans from Platinum Credit,Interest Rates,Paybill and customer care contacts.

    Platinum Credit Loans

    Check Off Loan

    Requirements

    • For Eligibility
    • 3 latest payslips
    • Copy of original National ID
    • 1 colored passport-sized photo

    The Check Off Loan facility is suitable for all civil servants. This includes; TSCK members and County Government employees. Once a loan has been appraised and approved, the loan will be disbursed within 24 hours, either Via Mpesa or to a bank account.

    Loan Term—3 months –  120 months

    Loan Amount—Kes. 5,000 – Kes. 1,200,000

    Logbook loan

    Loan Term—3 months – 36 months

    Loan Amount—Kes. 70,000 – Kes. 2,000,000

    About Logbook loans

    This loan is secured by the value of your car. This loan can be used for any purpose and is ideal for people looking to expand their business or sort out their financial emergencies.

    Requirements

    • Original vehicle logbook
    • Copy of original National ID
    • 1 colored passport-sized photo – preferred in office

    Wezesha Express

    Loan Amount—Kes. 5,000 – Kes. 2,000,000

    Loan Term—1 Months – 36 Months

    About Wezesha Express

    Wezesha express is the Innovative revolving USSD credit line. One can dial *619# and it allows you to  access credit limits from as low as Ksh 5,000 upto Ksh 2,000,000

    Instead of downloading several mobile apps, we offer you a large credit limit from Ksh 5,000 to Ksh 2,000,000, with which you can withdraw and repay conveniently.

    Wezesha Express is available to both existing Platinum Credit Logbook Loan and new clients.

    • For Existing Clients Dial *619# >Selects Logbook > Wezesha Express > Facility> Activate Limit
    • For NEW Clients Application is done manually by visiting our offices

    Requirements

    For Eligibility

    • Original vehicle logbook
    • Copy of original National ID
    • 1 colored passport-sized photo – preferred in office

    SME Loans

    Loan Term—1 month – 24 months

    Loan Amount—Kes. 3,000 – Kes. 1,000,000

    About SME loans

    Loans available to business people. This loan focuses on people with existing business looking to scale up their businesses.

    Requirements

    For Eligibility

    • Current passport photo
    • Copy of original National ID
    • Mpesa statement

    Landlord Loans

    Loan Term—3 months – 18 months

    Loan Amount—Kes. 50,000 – Kes. 2,000,000

    About Landlord loans

    Loan facility secured by rental income. Eligible properties can be either commercial or residential. Other products available to existing landlord clients include:

    Requirements

    For Eligibility

    • Copy of original National ID
    • Copy of KRA Pin
    • 1 colored passport-sized photo

    Import Duty Financing

    Loan Term—1 month

    Loan Amount—up to Kes. 2,000,000

    About Import Duty Financing

    A short term loan facility meant to clear port charges on behalf of importers of motor vehicles, in order to facilitate faster settlement of duty charges at Kenya Revenue Authority (KRA) and other bodies to avoid demurrage.

    Requirements

    For Eligibility

    • Copy of KRA Pin
    • Copy of original National ID
    • 1 colored passport-sized photo

    Direct Import Financing

    Loan Term—1 month

    Loan Amount—up to Kes. 2,000,000

    About Direct Import Financing

    A short term loan facility meant to assist clients purchase motor vehicles from oversees and clearing of duty.

    Requirements

    For Eligibility

    • 3 months certified bank statement
    • 3 current pay slips for employed clients
    • Licenses or certificate of incorporation for businesses

    Dairy Financing

    Loan Term—1 month – 12 months

    Loan Amount—Kes. 1,500 to Kes. 300,000

    About Dairy Financing

    The Maziwa loan will target new and existing clients who are practicing or have been practicing dairy farming for over a period of one year and need financial services to boost their farming activities to increase their production and income.

    Requirements

    For Eligibility

    • 3 months M-pesa statement
    • Copy of National ID
    • Atleast one Guarantors

    Insurance Premium Financing

    Loan Term—6 months – 10 months

    Loan Amount—Kes. 10,000 – Kes. 2,000,000

    About Insurance Premium Financing

    This is a loan available to clients who would like to acquire comprehensive insurance covers. The clients are issued with a comprehensive cover with reputable insurance companies in the Kenyan market.

    Stock 24/7

    Loan Term—7 days – 3 Months

    Loan Amount—1,000  up to Kes. 200,000

    About Stock 24/7

    This is a facility tailor-made to meet the financial needs of retailers of selected distributors

    Requirements

    For Eligibility

    • Have a valid Permit or Liquor license.
    • Should be operational for at least 6 months

    Platinum Credit customer Care Contacts

    Contact

    • 0709 900 000
    • 0730 900 000
    • online@platinumcredit.co.ke

    Head Office

    Official phone numbers – 0709 900 000 | 0730 900 000 (customer care/call center)
    Head office landline – 020 224 7950

    Email Addresses

    online@platinumcredit.co.ke for sales and new customer enquiries. Alternatively for a free quote you can click here to submit your details.

    feedback@platinumcredit.co.ke for existing customer account enquiries and customer service.

    careers@platinumcredit.co.ke for enquiries about jobs and job vacancies.

    info@platinumcredit.co.ke for administration enquiries that do not relate to customer accounts. For customer account enquiries please use emails above.

    data.protection@platinumcredit.co.ke For data privacy matters, i.e., managing and responding to data protection  inquiries and requests

    Physical Address

    International Life house, Mezzanine Floor,
    P.O Box 73304- 00200,
    Nairobi.

    Coast Contacts

    Hola

    Coaster Building, 1st Floor, Room 6, Laza-Mikimduni Road

    Lamu

    Hindi Town, Kwa Mselem Building, Ground Floor

    Malindi

    Malindi Complex Building, 1st Floor, Left Wing

    Mpeketoni

    Mpeketoni-Town, Capital Cafe 1st Floor.

    Thika

    Zuhura Building, First Floor, Kenyatta Highway, Thika Municipality

    Voi

    Tsavo Buildilng, 2nd Floor, Above Equity Bank

    Nyeri

    Lymo Plaza, 1st Floor, Office No. 1.5
    Gakere Road, Next to Naivas Supermarket, Opposite Grand Batian House

    Ngong LBF Branch

    Milele Mall, 1st Floor, Next to Kenya Power Offices

    Mwingi

    Osa Vinya Building, 1st Floor

    Mutomo

    Top Life Building

    Meru

    Tuskys Building, Ground Floor, Moi Avenue, Meru Town

    Matuu

    Free Market Stalls, Room No. 13, Along Thika-Garissa Road

    Malindi

    Malindi Complex Building, 1st Floor, Left Wing

    Lamu

    Hindi Town, Kwa Mselem Building, Ground Floor

    Kitui

    Muli Mall Building, Opposite Equity Bank, 1st Floor, Room 93 & 87

    Kibwezi

    Sky Vision Complex, 1st Floor Room No. 1, Opposite Chullu Bookshop

    Hola

    Coaster Building, 1st Floor, Room 6, Laza-Mikimduni Road

    Embu

    Eunice Nyagah Plaza, Meru Nairobi Road, Kenyatta Avenue, 2nd Floor above KWFT.

    Emali

    Mbilo House

    Dagoretti

    Naivasha Road, Opposite Manyatta Butchery, Near Kinyanjui Stage

    Buruburu

    Njiriris along outer ring road to Rabai Road opposite Kobil kiambiu

    Embu

    Eunice Nyagah Plaza, Meru Nairobi Road, Kenyatta Avenue, 2nd Floor above KWFT.

    Meru

    Tuskys Building, Ground Floor, Moi Avenue, Meru Town

    Nyeri

    Lymo Plaza, 1st Floor, Office No. 1.5
    Gakere Road, Next to Naivas Supermarket, Opposite Grand Batian House

    Thika

    Zuhura Building, First Floor, Kenyatta Highway, Thika Municipality

    Buruburu

    Njiriris along outer ring road to Rabai Road opposite Kobil kiambiu

    Dagoretti

    Naivasha Road, Opposite Manyatta Butchery, Near Kinyanjui Stage

    Ngong LBF Branch

    Milele Mall, 1st Floor, Next to Kenya Power Offices

    Emali

    Mbilo House

    Kibwezi

    Sky Vision Complex, 1st Floor Room No. 1, Opposite Chullu Bookshop

    Voi

    Tsavo Buildilng, 2nd Floor, Above Equity Bank

    Kitui

    Muli Mall Building, Opposite Equity Bank, 1st Floor, Room 93 & 87

    Matuu

    Free Market Stalls, Room No. 13, Along Thika-Garissa Road

    Mutomo

    Top Life Building

    Mwingi

    Osa Vinya Building, 1st Floor

    Strawback Maziwa

    Mary Jelimo
    727732023
    Laban Samoei
    723672825
    Along Eldoret – Kaptagat Road

     

  • Izwe Loans Kenya and contact information

    Izwe Loans Kenya and contact information

    Below is a list of loans offered by Izwe Kenya and how to contact the company:

    Personal Loans

    Get timely access to dependable financial support. Fast application processing and payouts of up to Ksh 2,000,000

    Easy personal loans from a reliable financial partner. Flexible payback terms of up to 120 months, easy monthly repayments and fixed interest rates

    Logbook Loan

    Process and Requirements

    • Apply for a loan using any of these options: call centre, agent network, branch, online, or request a call back
    • Receive an offer, based on your affordability
    • Accept the quote, sign the agreement and submit your supporting documents
    • Izwe disburses your loan

    Get financial support today and keep driving your car!

    Documents for application:

    • Original vehicle documents
    • A valid driver’s license
    • Two original passport sized photos
    • A valid national ID
    • Six months bank or Mpesa statements
    • Recent three months’ payslips
    • Post-dated cheques for the loan term

    Land Property Loan

    Requirements

    • 8 passport size photos
    • National ID or passport
    • 3 months payslip for individuals
    • Minimum 6 months bank statement and M-pesa statements
    • Business registration documents for SMEs
    • Board resolution for limited companies
    • Original title deed/certificate of title

    Auto Loan

    Documents Required

    • Passport size photo
    • Driver’s License
    • Proof of identification
    • Valuation payment
    • 6 latest bank or M-pesa statements
    • 3 latest Payslips

    Logbook Loan for Business

    Process and Requirements

    • Apply for a loan using any of these options: call centre, agent network, branch, online, or request a call back
    • Receive an offer, based on your affordability
    • Accept the quote, sign the agreement and submit your supporting documents
    • Izwe disburses your loan

    Get financial support today and keep driving your car!

    Documents for application:

    • Passport size photos
    • National ID or passport
    • Minimum 6 months bank and M-PESA statements
    • Business registration and operations documents
    • Board resolution for limited companies

    Auto Loan Business

    Documents Required

    • Passport size photo
    • Driver’s License
    • Proof of identification
    • Valuation payment
    • 6 latest bank or M-pesa statements
    • 3 latest Payslips

    Landed Property Loan

    Requirements

    • 8 passport size photos
    • National ID or passport
    • 3 months payslip for individuals
    • Minimum 6 months bank statement and M-pesa statements
    • Business registration documents for SMEs
    • Board resolution for limited companies
    • Original title deed/certificate of title

    Izwe Credit Customer Care Contacts

    By phone

    Call 0709 530 000 or SMS Izwe to 20499 and we’ll call you back

    WhatsApp

    Start a chat with us on
    0202 221 893

    By email

    Send us an email at info@izwekenya.com and we will get back to you.

  • Jijenge Credit Loans, Application Requirements, Interest Rate and Contacts

    Jijenge Credit Loans, Application Requirements, Interest Rate and Contacts

    Below we outline the list of loans offered by Jijenge Credit, loan application requirements, interest rates and contacts.

    Logbook Loans

    Important information to consider when choosing to get  logbook loans from Jijenge Credit.

    • Loan amount range is between Ksh 50,000 – 10,000,000
    • Anyone who owns a private, commercial or passenger service vehicle is eligible to apply for the loan.
    • You can secure a loan against more than one motor vehicle at the same time.
    • Your maximum amount depends on the value of your motor vehicle.
    • Loan repayment tenure is between 1-24 months. You can however pay earlier than your contract agreement.

    To apply for this loan, the following details and documents are required.

    • 6 Months Bank & M-Pesa Statements
    • 2 Clear copy of the original ID.
    • Copy of KRA Pin.
    • One recent color passport-sized photographs
    • Original Vehicle Logbook
    • Valid Insurance cover
    • Motor valuation report/ Renewal Notice

    Loans On Title Deeds

    Application requirements

    To apply for this loan, the following details and documents are required.

    • Original & 2 copies of your title deed.
    • Original & 2 copies of your National ID card.
    • 2 copies of your KRA pin certificate
    • 2 colored passport size photos of you.
    • Your 6 month bank & M-pesa statements
    • Loan tenure is up to 24 months.

    Asset Finance Loans

    When determining the optimal funding structure, we evaluate:

    • Asset brand reputation
    • Serviceability and durability
    • Commonality and broad-based usage
    • Productive lifespan

    To apply for an asset finance loan, you will need the following:

    • Original & 2 copies of your Logbook
    • Original & 2 copies of your National ID
    • 2 copies of your KRA PIN certificate
    • 2 colored passport-size photos
    • 6 months of Bank & M-Pesa statements

    LPO Financing

    Trade Finance

    Our offerings include:

    1. Bid Bonds, which demonstrate your commitment to the bidding process.
    2. Advance Payment Guarantees, providing assurance of proper use of advanced funds.
    3. Performance Bonds, ensuring the successful completion of projects as per agreement.

    Import Duty financing

    Jijenge Credit Limited will add value to your import business by offering a full range of products and services to support all your import trade activities. We provide up to 100% financing of your Import Duty facilitating faster settlement of such duty charges and any other Port Charges. Our flexible facility ensures that you do not pay penalties, demurrage charges, or have your cargo stuck at the port.
    This loan product offers a faster way of settling duty charges with Kenya Revenue Authority (KRA) and other port authority charges to avoid paying penalties. Importers of approved goods such as motor vehicles, machine & equipment, food items, clothing and more can take advantage of our financing solution to improve efficiency.

    Rental income Loans

    Apply for a loan against your paid up property, specifically a title deed or rental income with Jijenge Credit Ltd. Whether bridging a shortfall, releasing equity while awaiting a payment or taking advantage of a time-sensitive financial opportunity, we provide an accessible, flexible and fast solution.

    This is an excellent loan product for clients wanting to take advantage of a further property acquisition or other use of cash whilst their current property dormant or is on the market for sale. Clients wanting to use Jijenge Credit Ltd to fund a shortfall on a cash purchase whilst arranging alternate funding can also utilize this product.

    Salary Check-off Loans

    Jijenge Credit Ltd offers Salary Check-off Loans, unsecured loans to employees for whom the employer has signed a Memorandum of Understanding (MOU) and agreed to make loan repayment deductions directly from the employee’s salary (Check-Off).

    This is a convenient option for applicants as repayment is deducted directly from employees’ salary, reducing chances of missing payments to attract penalties. Our salary check-off loans are generally of lower interest rates.

    Financial / Business Consultancy

    We provide free expert advice and guidance to MSME’s who are our clients to help them manage their business and be able to pay their loans, improve their financial performance, make strategic decisions, and achieve their business goals. We do this by analyzing financial data, identify areas for improvement, and develop customized strategies to enhance efficiency, profitability, and overall business success.

    The services may include financial planning, risk management, cost reduction, market analysis, and organizational restructuring. We often work closely with clients to understand their unique challenges and opportunities, providing valuable insights and recommendations to drive sustainable growth and competitiveness.

    Insurance Premium Financing

    Our insurance Premium financing targets the following areas and more:

    • Home or workplace fire accidents and dangers
    • Motor vehicle accidents and theft – Commercial or Private.
    • Motor vehicle accidents and theft – Commercial or Private..
    • WIBA
    • Home or office robbery.
    • Medical and clinical Insurance
    • Life insurance covers

    To apply for this loan, the following details and documents are required.

    • Original & 2 copies of your title deed.
    • Original & 2 copies of your National ID card.
    • 2 copies of your KRA pin certificate
    • 2 colored passport size photos of you.
    • Your 6 month bank & M-pesa statements
    • Loan tenure is up to 24 months

    Business Loans/Chama Group Loans/Holiday Loans

    Our Loan Offerings Include:

    • Business Loans: For MSMEs and Corporate Businesses with at least 10 years of operation. Financing to help expand, invest in equipment, and enhance operations.
    • Farming Business Loans: Available for tea, coffee, dairy, and poultry farmers. Farmers with insurance coverage can access check-off loans to fund farm growth and operational needs.
    • Chama Group Loans: Tailored for Women Groups, Youth Groups, Men Groups, and Self-Help Groups to support group projects, business ventures, and community initiatives.
    • Holiday Loans: Secured loans to fund your dream holiday, with flexible repayment options to manage the cost over time.

    Educational Institutional Loans

    Key Features of School Bus Loan:

    • Flexible Loan Amounts: Finance up to 90% of the bus value.
    • Competitive Interest Rates: Benefit from favorable interest rates tailored to your financial profile and loan duration.
    • Flexible Repayment Terms: Choose repayment periods ranging from 12 to 60 months, accommodating your institution’s cash flow and budget.
    • Swift Approval Process: Enjoy a quick and efficient application process to get your school bus on the road promptly.
    • Transparent Fees: Clear and upfront fee structure with no hidden costs, aiding in precise financial planning.

    Eligible Vehicles:

    • New school buses
    • Used school buses in good condition

    Equipment Loan

    Key Features of the Equipment Loan

    • Flexible Loan Amounts: Borrow up to 80% of the equipment value.
    • Competitive Interest Rates: Enjoy attractive rates tailored to your financial standing and loan terms.
    • Flexible Repayment Terms: Choose from repayment plans ranging from 12 to 60 months, depending on your cash flow and goals.
    • Quick Approval Process: Benefit from a streamlined application process to access funds promptly.
    • No Hidden Fees: Transparent fee structure with no hidden charges, ensuring accurate financial planning.

    Eligible Equipment

    Construction Equipment:

    • Excavators
    • Bulldozers
    • Cranes
    • Loaders
    • Concrete Mixers
    • Caterpillars
    • Dump Trucks
    • Lorries

    Agricultural Equipment:

    • Tractors
    • Hatcheries
    • Combined Harvesters
    • Commercial Sprayers
    • Planters
    • Harrowing Machines
    • Drilling Rigs (Borehole Drillers)

    Office Equipment:

    • Business Printers
    • Copiers and Scanners
    • Computers
    • Digital Photography Equipment

    Whether your focus is infrastructure, farming, or running a professional workspace, Jijenge Credit’s Equipment Loan is tailored to meet your specific needs and help you achieve your goals efficiently.

    PSV Loan

    Key Features for PSV Loan:

    • Flexible Loan Amounts: Finance up to 85% of the vehicle’s value.
    • Competitive Interest Rates: Enjoy attractive interest rates tailored to your financial situation and loan terms.
    • Flexible Repayment Terms: Choose from a variety of repayment plans ranging from 12 to 48 months, accommodating your cash flow and operational needs.
    • Quick Approval Process: Benefit from a streamlined application and approval process to get your PSV on the road promptly.
    • Transparent Fees: Clear and upfront fee structure with no hidden costs, helping you manage your finances effectively.

    Eligible Vehicles for PSV Loans:

    • New and used minibuses
    • Vans for public transport
    • Other types of public service vehicles

    Requirements of PSV  Matatu / Tourist service vehicle (TSV) and PSV TAXI logbook loans :-

    1. Original Logbook
    2. ID copy
    3. Kra pin certificate
    4. Passport photo
    5. 12 Months mpesa/ bank statement
    6. TLB
    7. Sacco letter
    8. PSV Insurance confirmation letter
    9. Valuation report for all  PSVs
    10. Digital taxi app or agreement
    11. Any other document as may be required

    Jijenge Credit Contacts

    Location

    Visit Us On

    Physical Location: Nairobi, Kaunda Street, Town house building, 6th floor

    Our Branches: JCL Motors Ltd: Next to Ridgeview Garden, Kiambu Road.
    P.O Box 9578 -00200 Nairobi

    24/7 service

    Call Us On

    +254 711 282727

    +254 791 282 727

    Drop a line

    Mail Us @

    info@jijengecredit.com

    Off Hours

    Visit Time

    ALWAYS OPEN