1.standard chartered
Personal Loan
Do not delay your plans, get the funds you need to reach your full potential with our easy to process personal unsecured loan
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Eligibility
- A minimum gross salary of as low as KES 15,000 per month for employee scheme loans
- A minimum gross salary of KES 40,000 per month for non-scheme loan customers
Documents
- Proof of income (Certified copy of pay slip)
- Introduction Letter from employer on company letterhead
- Last 6 months bank statements (for new accounts)
- Copy of ID / passport
| FEES AND CHARGES | DETAILS |
|---|---|
| Maximum loan amount – Subject to T&Cs | KES 7,000,000 |
| Repayment Period – Subject to T&Cs | 6 months – 72 months |
| Arrangement fees | 2.50% |
| Credit life + Retrenchment insurance cover (offered by a third party) | 0.53% |
| Credit life + Retrenchment + Last Expense insurance cover (offered by a third party ) | 0.70% |
| Other charges | As per Fees & Charges Guide |
2. faulu
Micro & Group Loans
1. FAULU MICRO LOAN
A multipurpose solution for small businesses/entrepreneurs suitable for Working capital, LPO financing and business emergencies.
Features and Benefits
- Refinancing is available subject to appraisal when the existing loan is 75% paid from the 2nd Loan cycle
- Loan size Min: Kshs1M Max: kshs.3M
- Tenure: 18-36 months
2. GROUP BUSINESS LOAN
A financing solution for Self-help groups to grow and improve their businesses.
Features and Benefits
- Flexible collateral options
- Access to multiple loans subject to ability
- Loan size Min: Kshs 5,000 Max: kshs.500,000
- Tenure: Min 3 -24 Months
3. FAULU CHAMA LOAN
A product that targets formal and informal groups such as investment clubs, merry-go-rounds and welfare groups and are operating a Faulu Chama account
Features and Benefits
- Favorable and affordable rates
- A flexible repayment period
- LPO financing for group business contracts and business opportunities
- Members can access individual loans
- Members access to Faulu’s affordable medical and life covers at discounted premium rates
4. PESA CHAP CHAP
A short term emergency cash covered phone based loan.
Features and Benefits
Instant disbursement on phone
Loan size: KSHS 300 – Max 10,000
Tenure: 10 days
3.Tala loans
Double your limit in two months
Limits grow up to KSh 30,000 to meet your needs. Most customers’ limits double in two months and quadruple in six months.
Fair, transparent rates as low as 4%
We charge one flat fee with every loan. You’ll always know what you owe with Tala.
Always private and secure
Your contacts and other information are always private and protected.
Customer service that cares
We’re always here to help. Our average response time is less than five hours.
4. stanbic bank
HOW IT WORKS
- Minimum loan amount of Kes. 50,000
- Maximum loan amount of Kes. 4 million*
- Maximum loan term of 60 months
- You can top-up your loan after six months of repaying your loan.
- Competitive interest rates and facility fees
- Credit life insurance on all loans
- Approval within 48 hours after we get all your supporting documents.
- *Maximum loan amount is subject to terms and conditions, and you meeting our eligibility criteria
WHAT YOU NEED
- Copy of your Kenyan National ID
- Proof of Residence (utility bill or lease agreement)
- 3 months statement from your current bank or a recent payslip
- Kenya Revenue Authority PIN