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Working capital loan for stocking and business expansion which is available only to existing KCB customers based on internal scoring model.

Benefits

Flexible Repayment Period

A tenue of up to 36 months.

Flexible Collateral

Unsecured up to maximum Kes 10M.

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 SME loan business application Form.
  • Colored passport photo.
  • Business license or permit where applicable.
  • Copy of collateral provided.
  • Three years financial books of account for amount above Kes 5M.

Identification Documents

  • Individuals: ID original, KRA Pin.
  • Enterprises: Certificate of registration, ID original, KRA Pin for the owner Limited Company: certificate of incorporation, company pin, Board resolution authorizing borrowing, director’s ID &PIN, Memorandum & Articles of Association {CR1,2,8 &12} and company Search.

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.

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