This is a comfortable loan designed around your project. Repayment is structured in line with the project cash flows with a moratorium period awarded if necessary.
Why choose the Structured Term Loans
Friendly interest rates in comparison to the market
Quick turnaround time from application to disbursement of funds
Moratorium is awarded on principal loan repayment before project earnings begin
Comfortable loan repayment structured in line with project cash flow
Eligibility / Documents Required
Applicant can be either an SBM account holder or non-account holder
Bank statements reflecting the preceding 12 months
Show proof of projected cash flow
Show audited accounts for the last 3 years
Feasibility study report to be provided where applicable
Applicant should have good credit ratings on CRB
Facility should not fall under the bank’s list of prohibited businesses
Account should not have unauthorized overdrawn or unpaid credit over the last six months
Show audited accounts for the last 3 years
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Rates & Fees
Interest rate : +4% for Kenya Shillings; US $ based on the 3 month LIBOR.