MSME Term Loan
Expanding your business? An MSME Term Loan is what you need!
An MSME Term Loan is money you can borrow for your business for a period of time to help your business expand or to raise business supply capabilities. The amount can be repaid in up to 60 months based on your level of business and the type of security you provide to us as outlined below:
| FEATURES | BRONZE | SILVER | GOLD |
|---|---|---|---|
| Amount of unsecured term loan | Ksh 300,000 | Ksh 3,000,000 | Ksh 5,000,000 |
| Amount of partially secured term loan | Ksh 2,000,000 | Ksh 8,000,000 | Ksh 10,000,000 |
| Period of payment for unsecured borrowing | Up to 24 months | Up to 24 months | Up to 24 months |
| Period of payment for secured borrowing | Up to 60 months | Up to 60 months | Up to 60 months |
Product Fact sheet
| PRODUCT | INTEREST RATE | APPLICATION/ NEGOTIATION FEES | APPRAISAL FEES | MAX. TENOR |
1. | MSME LOANS-Flat rate | 13 % p.m. | None | 2.5% | 36 months |
2. | MSME LOANS- Reducing balance | 13% pa | Kes. 3,000.00-Kes. 15,000.00, depending on amount | 3% | 36months |
