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Revolving line of credit

What is it?

A Revolving Line of Credit is a loan facility with a fixed monthly repayment.  You may borrow on the same loan again when you need to without having to reapply.

What does it offer me ?

  • You can apply for a Revolving Line of Credit of between K16,000.00 and K60,000.00
  • There is no fixed repayment period
  • Funds are available immediately when you need them
  • Your loan is repayable in fixed monthly instalments
  • After making your first loan repayment, the facility allows you to withdraw up to your original loan amount – giving you the flexibility to meet your financial obligations.

 

What do I need to apply?

  • Be between the ages of 21 and 60 years 
  • Have a net income of K7,000.00 a month
  • Have been permanently employed for at least one year
  • Have an existing Stanbic Bank transactional account into which your monthly salary is deposited. 

    Visit your nearest branch with the following documents. 
  • A signed letter from your employer
  • Your latest pay slip
  • Proof of identity (copy of your NRC or passport)
  • Original utility bill and tenancy agreement (for tenants).

 

 


 
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