Revolving term loan
A Revolving Term Loan gives you access to a pre-determined amount for a specified length of time – giving you access to funds as and when you need them.
What does it offer me ?
- You may withdraw as much cash as you need, up to the maximum agreed loan amount you can choose a repayment period of 6, 12 or 24 months
- Can be revolved to initial loan amount after 6 months
- You can apply for a loan of up to K40,000.00.
What do I need to apply?
- Be between the ages of 21 and 55 years
- Have a net income of K3,000.00 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).