Tabibu Solution

Sidian Bank in partnership with Medical Credit Fund East Africa provides tailor-made financial solutions to Hospitals, Pharmaceutical Companies, Pharmacies, Chemists and Medical Equipment Suppliers.

Over ten years of enabling private health care entrepreneurs realize their dreams, makes us your best financial partner to start and grow your business.

Features
  • Asset finance services
  • Construction finance services
  • NHIF discounting within 48 Hours
  • Working capital solutions
  • Insurance
  • SafeCare Certification for hospitals
  • Trade finance solutions
  • Salary processing
  • Mobile banking via SidianVIBE
  • Direct account deposits via paybill (#111999)
  • Internet banking
  • A dedicated relationship manager

Business Account

Best suited for limited companies, SMEs, corporates and sole proprietors with high turnovers.

Features
  • Opening balance of KES. 2,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
  • No minimum balance
  • Ledger fee of KES. 300.00 (USD. 5.00) for the first 15 transactions and KES. 20.00 for each extra transaction
  • No limit to the number of withdrawals and deposits per day
  • This product is available in KES, USD, GBP and EURO
Benefits
  • Free access to the online banking platform
  • Salary processing platform (charges negotiable)
  • Retail/Corporate internet banking
  • Paybill/Till to bank deposit
  • Free inward RTGS
  • Cheque book facility
  • Direct deposit to the account via paybill number 111999
  • One free monthly e-statement
  • Dedicated relationship manager

Small Loan

KES. 500,000.00 – 1,500,000.00

Requirements
  • An active account held at Sidian Bank (not less than three months).
  • 6 months of statements from your previous bank
  • Operational Till/ Paybill number
  • Transfer of NHIF and insurance proceeds (For hospitals).
  • 3% Facility Fees
  • 1.5% annual renewal fees
Collateral
  • Chattels mortgage over business assets.
  • 75% MCF guarantee.

Medium Loan

Loan Limit: KES1,500,000.00-5,000,000.00

Requirements
  • An active account held at Sidian Bank(not less than three months )
  • 6 months of statements from your previous bank
  • Operational Till/ Paybill number
  • Transfer of NHIF and insurance proceeds (For hospitals).
  • 3% Facility Fees
  • 1.5% annual renewal fees
Collateral
  • Chattels mortgage over business assets
  • 75% MCF guarantee

Mature Loan

Loan Limit: KES. 5,000,000.00 -35,000,000.00

Requirements
  • An active account held at Sidian Bank(not less than three months )
  • 6 months of statements from your previous bank
  • Operational Till/ Paybill number
  • Transfer of NHIF and insurance proceeds (For hospitals).
  • 3% Facility Fees
  • 1.5% annual renewal fees
Collateral
  • 50% MCF guarantee.
  • 100% conventional security.
  • Negotiable based on client banking and loan repayment history with the bank.

Special Loans

Loan Limits: KES. 35,000,000.00 – 250,000,000.00

Requirement
  1. An active account held at Sidian Bank (not less than nine months )
  2. 12 months of statements from the previous bank
  3. Operational Till/ Paybill number
  4. Transfer of NHIF and insurance proceeds
  5. 3% Facility fees
  6. 1.5% annual renewal fees
Collateral
  1. 50% MCF guarantee.
  2. 100% conventional security.

NHIF Invoice Discounting

Bank to finance 80% of invoices payable by NHIF/ insurance Company/ Reputable organizations

Requirements

  • A statement of previous payments from NHIF (not less than six months)
  • Proof of Transfer of NHIF and insurance proceeds. (For hospitals)
  • 3% Facility fees for the entire period
  • 1% renewal fees per new drawdown within the 12 months
  • The active account held at Sidian Bank (not less than six months
Collateral
  • Chattels mortgage over business assets and machine to be bought.
  • MCF guarantee based on the amount requested
  • Letter of undertaking from NHIF and/or Insurance Companies/ Reputable organizations whose invoices are being discounted to transfer all proceeds to clients account held at Sidian Bank

Asset Finance

Up to KES. 5,000,000.00

Features
  • Up to 80% financing
  • Client contribution of 20% to be held by the bank throughout the process of purchase
  • Operational Till/Paybill number.
  • An active account held at Sidian Bank (not less than six months)
  • 12 months of statements from the previous bank
  • Transfer of NHIF and insurance proceeds. (for hospitals)
  • 3% Facility Fees
  • 1.5% annual renewal fees
Collateral
  • Chattels mortgage over business assets and machine to be bought.
  • MCF guarantee based on the amount requested
  • Debenture on the asset being financed

Would you like to open your Business Account today?