SME Business
Loan
Flexible financing — overdrafts and term loans tailored to your SME's capital needs, with competitive pricing and a repayment plan structured around your cash flow.
Lending is subject to approval. Fees and charges are reviewed annually. Ts&Cs apply.
Key Features & Benefits
- Applicants are required to have a Centenary Bank Limited account for at least 3 months
- Mandatory credit life insurance.
- Collateralized by property with title documentation
- Insurance on collateral
- Maximum tenor of up to 36 months
Transparent pricing
Rates & Charges
| Detail | Information |
|---|---|
| Loan Amount | K5,000,000 - K100,000,000 (based on capacity; max 60% of collateral valuation) |
| Terms | 12 / 36 / 48 months (capital injection / capital expenditure / long-term investment) |
| Interest Rate | Base (25.10%) + 14.90% (up to a maximum of 40.00%) |
| Insurance | Credit Life mandatory (0.18% of loan); collateral 0.1748% dwelling / 0.3204% commercial |
Requirements
- Applicants are required to have a Centenary Bank account for at least 3 months
- Collateralized by property with title documentation
- Insurance on collateral
Required Documents
- Completed Loan Application
- Latest Management Accounts
- Projected Cash Flows
- Debtors Age Analysis
- Credit Reference Bureau Report
- Lease Certificate
- Latest Valuation Report
Locate a Branch
Find your preferred Branch easily. Just enter your location and we will show you the nearest outlet!
Plan your repayments
Loan Calculator
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Min 5,000,000 · Max 100,000,000
%
Indicative; the actual rate depends on your credit assessment.
Min 12 mo · Max 48 mo
Total Payment
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- Total Interest Payable
- 702,652
- Monthly Installment
- 475,221
- Term
- 12 months
Illustration only. Actual repayments depend on credit assessment, fees, and prevailing rates. Subject to Centenary Bank Terms & Conditions.