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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 working capital 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.
Get a loan with a flexible repayment period of up to 60 months.
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 loan tenor of up to 5 years.
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 loan tenor of up to 5 year.
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 but should not be more than
50% of car value
Repayment capacity: Repayment capacity will be assessed on existing businesses
only
Security: Private and commercial vehicles only i.e. trucks, saloon cars
and pickups. No PSV vehicles such as buses, matatus, taxis, etc.
Tenor Dependent of the purpose of funds.
• Expansion of business / diversification – up to 36 Months
• Working capital – up to 24 months
By the time the loan is repaid, the age of the vehicle should not be
more than:
• Saloon cars – 13 years
• Pickups and trucks – 10 years
Method of Repayment: Loan Repayment to include loan principal plus Interest amount.
Documentation: Comprehensive insurance on the motor vehicle
• Vehicle valuation must be carried out by a Valuer in the banks
panel
• Vehicle must be fitted with a Tracking device by a company
listed in Bank’s panel
Benefits
Enables borrowers to draw value from their motor vehicles to
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 registered 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
We offer 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.
Stock Loans
Revolving and non-revolving stock loans are essential when your business needs financing to purchase new stock or buffer stock for normal business operations. This loan is available with the option for 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 stock/ asset conversion cycle.
- For revolving limits the maximum loan tenor is 12 months, with a maximum of 180 days for each drawdown, subject to the stock conversion 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.
18 SME Owners Graduate from the NCBA-Strathmore Business School Enterprise Development Program
NCBA, in collaboration with Strathmore University Business School (SBS), has announced the graduation of 18 entrepreneurs from the second cohort of the NCBA-SBS Enterprise Development Programme.
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