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Need to provide your team with quick financing? This product provides comfortable credit solutions to your employees on a check-off system.

Why choose the Workplace Banking

No collateral is required to apply for loan

Available to salaried individuals with an income starting from Kes. 30,000

Eligibility / Documents Required

  • Staff profile provided on the information sheet
  • Organization profile
  • Certificate of Registration and/or CR12
  • Audited accounts reflecting the previous 3 years
  • Certificate of Tax compliance on best effort

 

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Rates & Fees

  • DSR - 67% of the applicant’s gross monthly income
  • Personal Loan facility fee - 2% one off payment
  • Secured Loan facility fee - 1.5% one off payment
  • Interest Rate - CBR + 4%

Find out more about SBM Products

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+254 (0) 709 800 000
Workplace Banking