Personal Bank Loans

Emergency Loan

This is a short term facility targeted at salaried clientele. It’s meant to meet short term needs such as emergencies, medical bills, school fees etc.

Features
  • Maximum loan amount of KES. 500,000.00
  • Maximum tenor/period of 12 months

Check-Off Loan

This is a check-off facility targeted at salaried clientele.

It’s both short and long term advance and mostly for development purposes but can also be used to cater for short term needs such as school fees.

Features
  • Maximum loan amount of KES. 3,000,000.00
  • A maximum tenor of 72 months
  • Mode of repayment is check-off from your employer on a monthly basis
  • Negotiated interest rates
Benefits
  • The  driving  factor/unique selling point  of  this  type  of loan product  is  that it  leverages  the  underlying value of  the  said  asset as the main source of  security for  the  loan. This is achieved by way of bank ownership over the asset financed.

Our SME Loans

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

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

Our Microbanking Loans

Micro Finance Individual Loan

Eligibility Criteria
  • Customer to maintain an active account with the bank for at least six months.
  • Customer to have serviced their previous loans without default.
  • Maximum repayment obligation of Net Household Income (NHI).
Target
  • Microenterprises in a business operated for at least 24 months.
Loan Amount
  • Minimum of KES. 300,000.00 except for repeat customers.
  • Maximum of KES. 3,000,000.00
Loan Disbursement
  • Loan instalments to be booked on a weekly or monthly basis as per client’s request.
Collateral
  • The borrower to provide cash collateral of at least 10% and the rest to be fully secured by tangible security.
  • Stock hypothecation supported by all risk insurance with the bank as a 1st loss payee to the extent of the borrowing. ( Done by Sidian Insurance Agency)
Loan Tenor
  • 24 months
Pricing
  • Interest at the prevailing market currently at 14%
  • Appraisal and disbursement fees at 3% and KES. 1,000.00 chattels registration.

Chama Biashara Loan

Target Customer
  • Customer to maintain an active account with the bank for at least six months.
  • Serviced their previous loans without default.
  • Maximum repayment obligation of Net Household Income (NHI).
Collateral
  • 30% cash collateral prior to application and disbursement.
  • The customer must maintain an active account with the bank.
  • Amounts above KES. 800,000.00 shall be secured using cash collateral, fully charged log books and title deeds.
  •  Stock hypothecation supported by all risk insurance with the bank as a 1st loss payee to the extent of the borrowing. (Done by Sidian Insurance Agency)
Loan Tenor
  • Maximum 24 months.
Loan Tenor Amount
1st 6 Months Maximum KES. 300,000.00
2nd 12 Months Maximum KES. 450,000.00
3rd 18 Months Maximum KES. 700,000.00
Next 24 Months Maximum KES. 3 Million
Loan Amount
  • Minimum of KES. 20,000.00
  • Maximum of KES. 3,000,000.00
Loan Disbursement
  • Loan instalments to be booked on a weekly or monthly basis as per the client’s request.
Pricing
  • Interest at the prevailing market currently at 14%
  • Appraisal and disbursement fees at 3% and KES. 1,000.00 chattels registration.

Start applying for your loan today.