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Financing of church working capital need and expansion.

Benefits

Flexible Repayment Period

A tenure of up to 36 months.

Flexible Collateral Requirement

Unsecured limits exist for churches banking with KCB.

Convenience Repayment Modalities

Monthly and termly payments allowed.

Top-Ups

Top-up allowed based on ability and business need.

What We Need From You*

  • Business proceeds to have been channeled through KCB account for a minimum 6 months or 12 months statement from where you are currently banking.
  • Complete loan application form.
  • Minutes of committee meeting signed by Chairperson & Secretary authorizing borrowing.
  • Copy of collateral where required.
  • Three years financial books of account for amount above Kes 5M Identification documents.
  • Certificate of registration, church Constitution, KRA PIN certificate for the church & ID & KRA PIN for the Signatories.

Rates & Fees*

  • Pricing: Risk based pricing i.e. Banks variable base rate {currently 15.6%} plus a risk margin.
  • Credit Life: 0.34% per annum of the loan advanced by the bank for an individual borrower (Single life) and an additional 0.18% per annum for each additional joint borrower (Joint life).
  • Third party charges: valuation for used asset, security perfection, Guarantee, insurance etc.: based on agreement between customer and service provider.

Interested in Working Capital Loan or have a question?

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