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Effortless Financing for YOUR Businesses
Business Overdraft
This is a flexible, short term working capital financing facility on your business current account.
Funds are available immediately and repayable on demand, giving you extra funds to manage your day to day cash flow and working capital needs.
Features
- Maximum repayment period of 12 months.
- Flexible loan amount determined by business need and cycle.
- The tenor period is renewable after 1 year.
- Repayment is done through credits to your business current account.
- Interest is only charged on the used amount of your overdraft.
Secured Business Loans
Our secured business loans are available to businesses and individuals in business who need to finance expansion or diversify their business assets.
Get a loan with a flexible repayment period of up to 60 months, whether you are a customer or non-customer in business.
Key Features
- Loan amounts are tailored to fit your business needs.
- Flexible security options.
- Repayment period is assessed on existing business cash flow and cash flow projection.
- Maximum tenor period of up to 5 years for capital expenditure (CAPEX) and 3 years for working capital.
Working Capital
Key Features
- Loan amounts are tailored to fit your business needs.
- Flexible security options.
- Repayment period is assessed on existing business cash flow and cash flow projection.
- Maximum tenor period of up to 5 years for capital expenditure (CAPEX) and 3 years for working capital.
Auto Equity Loans
Tap into the value of your business vehicles when you need quick financing for business expansion or working capital within the main line of business
Key Features
- Loan amount to be determined by serviceability and car value.
- Repayment capacity is assessed on existing businesses revenue streams.
- Tenor period of up to 36 months depending on the purpose of funds and the age of the vehicle.
- Vehicle valuation must be carried out by a valuer in NCBA Bank’s panel.
- Vehicle must be fitted with a tracking device fitted by a company listed in NCBA Bank’s panel.
- Vehicles must have up-to-date and comprehensive insurance
Investment Club Loan
Take advantage of investment opportunities as they arise with NCBA Bank’s Investment Club Loan. We provide loans to chamas and other investment clubs and self-help groups to grow your assets as you build your contributions. Access to loans ranging from KES 1 million up to 50 million with flexible repayment terms.
Key Features
- Maximum repayment period of up to 60 months.
- Scope of loans to be limited to wealth-creation activities.
- Monthly repayment should not exceed 50% of monthly contributions, exclusive of any income-generating activity.
- Group should be formally registered and have been in existence for at least 5 years
Agribusiness Scheme Loan
NCBA Bank offers loans to finance the purchase of farm inputs by farmers who are engaged to produce crops or seeds for scheme companies such as seeds, chemicals, fertilisers and related farm operation activities. We offer flexible repayment periods depending on the crop cycles and contracts.
Features
- Loan amount of up to Kes 6,000,000.
- Available to farmers contracted by a scheme to produce crops or seeds for seed companies, cooperative societies and institutions with a buy back guarantee.
- Farmers must have at least 2 years of farming relationship with the scheme company.
- Flexible security requirements.
Loans Secured by Shares
Draw value from your business’ investments in shares to finance working capital. This loan facility allows you to borrow up to 50% of the value of your shares.
Features
- Loan amount to be determined by business serviceability.
- Repayment capacity is assessed on existing businesses revenue streams.
- Repayment period of up to 36 months depending on the purpose of the loan.
- Shares taken as security to be held at NCBA Securities Ltd.
Stawi
Stawi is a solution designed for entrepreneurs to grow their business. The service provides you with a digital account for business operations, allowing you to manage payments and collections, which in turn opens up access to easy credit to help business development.
Why choose Stawi?
- Stawi offers long-term instant loans that can be used to improve business cash flow.
- Stawi members enjoy lower interest rates on loans, at 9% per annum.
- You can easily open and operate a Stawi account through your mobile phone, without visiting any branch to fill out account opening forms.
- Easily move money in and out of your Stawi account through M-PESA.
- It offers easy access to credit for entrepreneurs who may not have proper records and assets to support their borrowing.
Who can benefit from Stawi?
- Registered Kenyan citizens.
- Business owners who are unregistered and have a business permit or registered for sole-proprietorship.
- Formally registered companies.
- Banked or unbanked businesses.
- Businesses that have a turnover of KES 50,000.00 to KES 250,000.
Registering for Stawi
- Registering for Stawi is a simple application process with no paperwork, no red tape, and instant approval.
Requirements
To register for Stawi, you will need to provide
- A valid email address
- Your mobile number
- Your Kenyan ID or a valid Kenyan passport
- A photo of yourself
- A photo of the front and back of your National ID
- A photo of a valid business permit/licence.
Steps
Download the Stawi app from the Google play store
Click “Open Your Account” to register with your valid email address
Proceed to enter your details
To qualify for Stawi loans
- You will need to possess a Kenyan ID, hold a valid Business Permit, have No Negative CRB listing.
- Be a fully registered Stawi customer.
- Have a monthly business turnover of between KES 50,000 to KES 250,000.
Features of the Stawi loan
- It has a simple application process – no paperwork, no red tape, and instant.
- You can borrow from KES 50,000 to KES 250,000 depending on your loan limit.
- Loan repayment period from 1 to 12 months.
- Low interest rates at 9% per annum.
- One-time Facility fee of 4% of the loan amount.
- Insurance fee of 0.7% of the loan amount.
- Excise duty, which is 20% of the facility fee.
To learn more about Stawi Loans
Stawi Complaints Handling Process
Stawi Key Facts Documents
Stawi Terms & Conditions
Stock Loans
Revolving and non-revolving stock loans are essential for when your business needs financing to purchase or buffer stock for normal business operations. This loan is available with revolving limits.
Features
- Minimum loan amount of KES 300,000.
- Flexible security options.
- Maximum repayment period of up to 36 months, subject to nature of the stock and business net cash cycle.
- For revolving limits the maximum tenor period is 12 months, with a maximum 180 days for each drawdown, subject to the business net cash cycle.
- Repayment is in equal monthly instalments of principal and interest.
- Repayment for revolving limits are on a case to case basis, interest can be serviced monthly and principal repaid in bullet.
Getting you over that cash crunch
Getting you over that cash crunch
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