Fixed Term Loan
Our Fixed Term Loan is short- to medium-term financing. This type of loan is ideal if you want to buy appliances or furniture, pay school fees in advance.
What does it offer me ?
- Loans from K2,000.00 to K15,000.00
- Loans may be granted for up to 30% of your net monthly? salary
- You can choose to repay your loan over 12 or 24 months
- Interest is calculated daily on the outstanding balance
- A loan origination fee of 2% of the loan amount is charged
- As long as you meet your fixed monthly loan repayments, your loan can be used for anything you choose.
What do I need to apply?
- Earn a net income of K4,500.00 a month
- Have been with your current employer for at least two years
- 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 (NRC or passport)
- Original utility bill and tenancy agreement (for tenants)