How To

How To Apply For KCB Boresha Biashara Loan

How To Apply For KCB Boresha Biashara Loan: The KCB Boresha Biashara Loan is a specialized financial product offered by Kenya Commercial Bank (KCB) to support the growth and expansion of small and medium-sized enterprises (SMEs) in Kenya. The loan is designed to provide SMEs with access to affordable financing, enabling them to enhance their operations, invest in their businesses, and seize growth opportunities. You can apply for up to Ksh.1 Million with KCB Biashara Loan.

KCB Boresha Biashara Loan is specially designed for micro businesses, giving you access to financing, up to Kes 1 Million, with eligibility to top up existing loans and flexible repayment periods of up to 36 months.

Requirements and How  To Apply For KCB Boresha Biashara Loan

To apply for the Boresha Biashara loan you will need to have attained the following before visiting the nearest KCB bank with the following;

  • 6 Months banking relationship with KCB
  • A minimum of one (1) year in business
  • Demonstrate your ability to repay the loan
  • Amounts up to Kes 500,000 will be secured with household/business assets and a guarantor
  • For amounts above Kes 500,000 collateral inform of Title deed, Cash cover, livestock, Log book, & shares allowed
  • Credit Life Insurance against death & permanent disability

A bank representative may call you at any time to obtain further information in line with the banks’ KYC process.

Loan Rates & Fees*
  • KCB Base rate 13% per annum
  • Negotiation fee – 3%
  • Insurance fee – 0.85%

Related

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Majira Media

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