How can I get loan from Biashara?

How can I get loan from Biashara?

Basic Requirement

  1. One must be a member of Jamii Sacco.
  2. One must have contributed for at least 6 months.
  3. Interest rate is 1.04% per month or 12.5% per annum on reducing balance.
  4. A duly Completed loans application form.
  5. Original current pay slips for three months.
  6. A copy of the members national identity card.

Which bank has the lowest interest rates in Kenya?

Small banks have a lower APR, with that of Baroda currently at 12.82 per cent compared to Family Bank’s 33.3 per cent, Absa (22.1 per cent), Equity (20.08 per cent) and KCB (19.91 per cent).

How do I get a business loan from KCB?

What We Need From You*

  1. 6 Months banking relationship with KCB.
  2. A minimum of one (1) year in business.
  3. Demonstrate your ability to repay the loan.
  4. Amounts up to Kes 500,000 will be secured with household/business assets and a guarantor.

Where can I get a loan to start a business in Kenya?

Unsecured Mobile / Web — based financing options for your small business in Kenya

  • M-Shwari.
  • M-Co-op Cash. A product of Co-operative Bank.
  • KCB M-Pesa.
  • Equitel.
  • Kopa Chapaa — by Airtel Ltd.
  • Tala — loans up to Kshs 50,000.
  • Branch.
  • Saida — loans up to Kshs 25,000.

Which bank in Kenya gives loans easily?

Absa Bank Kenya
Absa Bank Kenya leads a group of large lenders offering the most expensive loans in the market, according to disclosures that rank small institutions as the cheapest providers of credit.

Which is the best bank in Kenya for loans?

Top 10 Best Banks in Kenya 2021

  • Equity Group Bank. Also, Equity group bank is one of the best banks in Kenya in 2021 for savings, business, and lending money.
  • Diamond Trust Bank.
  • Standard Chartered Bank of Kenya.
  • I&M Holdings.
  • Barclays Bank of Kenya.
  • Stanbic Holdings.
  • NIC Bank. And finally,
  • Housing Finance Group.

How do I qualify for a KCB Mobi loan?

What We Need From You*

  1. One must have an active KCB account and signed up on KCB mobile banking.
  2. The account must be active for 6 months with at least 4 deposits during the period.
  3. The account is regularly operated and should not be overdrawn at any point.

How do I qualify for a loan in KCB?

How do I qualify for a KCB loan?

  1. Valid Kenyan ID or passport.
  2. Recent original Payslips.
  3. Evidence of source of income for self-employed persons.
  4. Be an active KCB account holder for a minimum of 6 months.
  5. For credit card advance, possess a KCB financial card.

How do I open a business bank account in Kenya?


  1. Application form duly completed.
  2. Board of Directors resolution to open accounts.
  3. Certificate of incorporation/Registration.
  4. Company PIN & VAT.
  5. ID & PIN copies of all directors.
  6. Copy of Annual Returns/CR 12.
  7. Utility Bill.

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