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Springboard Capital offers cheap loans. Below is how to apply for a cheap loan and documents required:

—–Business loans

Benefits of Business loans in Kenya

  1. Get the cash you need to grow your business.
  2. Competitive interest rates.
  3. Free Business advice.
  4. Fast Processing.
  5. Flexible repayment Period up to 1 year.
  6. You can access emergency loans / Quick cash during the repayment period.
  7. You can access School Fees Loan during the repayment period

Requirements 

  1. ID & PIN copies (original ID to be provided for verification)
  2. Six months bank/ mpesa statements (or both if available).
  3. Business records-Purchases/sales, utilities,
  4. Copy of national I.D of the guarantor and the KRA pin.
  5. 2 Passport size photos for the applicant
  6. Copy of logbook or title deed.
  7. Copy of Business trading license

Loan Rates & Fees* 

  1. Interest charged at 3.5% flat rate.
  2. Application fee of KES 1500.
  3. Loan Processing Fee 3% up 12 months.
  4. Credit life 1.5% of the loan amount.

—–Asset Financing

Benefits

  • Flexible repayment period.
  • Low fixed interest rate.
  • Fast processing.
  • Free financial advice.
  • Easy access to Emergency Loans, Quick cash Loan, School fees Loans within the repayment period.
  • Access Mobile Loan up to 75% of your monthly installment.

Requirements

  • ID & PIN copies (original ID to be provided for verification).
  • Six months bank/ mpesa statements (or both if available).
  • Business Records-Purchases/sales, utilities for traders/pay slips and appointment letters for employees.
  • 2 Passport size photos for the applicant.
  • Proforma invoice and sales agreement.
  • Copy of logbook.
  • Current valuation report for proposed asset from a service provider in our panel.

Loan Rates & Fees*

  • Interest charged at 3.5% flat rate.
  • Application fee of KES 1500.
  • Loan Processing Fee 3% up 12 months.
  • Credit life 1.5% of the loan amount.

—–Quick Cash (Emergency Loans)

Benefits:

  1. Quick processing within 24hrs.
  2. Improves your credit history
  3. Flat Interest Rate
  4. Get up to KShs. 80,000

Requirements:

  1. Be an existing client.
  2. At least service the existing facility for 3 months with no arrears.

Loan Rates & Fees*

  1. Interest charged at 3.5% flat rate.
  2. Application fee of KES 1500.
  3. Loan Processing Fee 3% up 12 months.
  4. Credit life 1.5% of the loan amount.

—-Import Duty Finance

Features.

  • No maximum or minimum amount.
  • Payable within a period not exceeding 24 months
  • The minimum repayment period is three months
  • Fixed interest rate at 3.5% per month.
  • Paid directly to KRA and KPA

Benefits.

  • Get access to our experienced and trusted port agents.
  • We have a flexible repayment period
  • Facilitated transportation of goods from the port to the final destination.
  • 100% Import Duty Financing.
  • Faster Clearance

Requirements.

  • ID & PIN copies (original ID to be provided for verification)
  • Six months bank/ mpesa statements (or both if available).
  • Business records-Purchases/sales, utilities for traders/pay slips and appointment letters for employees
  • 2 Passport size photos for the applicant
  • Bill of lading Invoice
  • Export certificate (English version of Japanese logbook)
  • Inspection certificate (Jevic)
  • Import Declaration Form (IDF)

—–Insurance Premium Financing

Details:

  • Amount upto KShs. 1,000,000
  • Flexible interest rate
  • Flexible repayment period of up-to 10 months.

—-School Fees Loan

Features.

  1. No maximum or minimum amount.
  2. Up to 12 months’ installments.
  3. No minimum repayment period.
  4. Fixed interest rate at 3.5% per month.
  5. Paid directly to the learning institution.
  6. Paid to Local and International Schools.

Benefits.

  1. Available within 48 hours.
  2. Enables one to address school tuition needs.
  3. Clear your yearly fees, lipa pole pole.
  4. Free bankers cheque.

Requirement.

  1. ID & PIN copies (original ID to be provided for verification)
  2. Certified Six months bank/ Mpesa statements (or both if available).
  3. Proof of a source of income. (Business Records or Latest month payslips for employees)
  4. Copy of national I.D of the guarantors and the KRA pin.
  5. 2 Passport size photos for the applicant, their spouses and the guarantors (where applicable)
  6. Certified Fee Structure.
  7. No CRB Listing.
  8. Proof of schooling. (Report Form, Admission Letter, Student Badge)

Who qualifies?

  1. Parents and guardians paying for their dependents.
  2. Individuals paying for themselves.

—-Check Off Loans

Benefits:

  1. Fast processing within 24 hrs.
  2. Flexible repayment period.
  3. You can access mobile loan (Mobi Loan)
  4. Get up to KShs. 400,000
  5. Flexible Repayment period up to 36 months.
  6. Flexible interest rates.

Requirements:

  1. Copy of id & KRA pin certificate.
  2. Copy of employment card
  3. Copy of employment letter
  4. 6 months latest bank statements.
  5. 3 months M-Pesa statements
  6. 3 latest payslips.

Loan Rates & Fees*

  1. Interest charged at 3.5% flat rate.
  2. Application fee of KES 1500.
  3. Loan Processing Fee 3% up 12 months.
  4. Credit life 1.5% of the loan amount.

—–Nawiri Business Loan

Features:

  1. Access amount up to Ksh. 400,000.
  2. Up to 12 month’s installments.
  3. No limit on Year of Manufacture.
  4. Vehicles on Third party insurance accepted.

Benefits:

  1. Available within 48 hours.
  2. No extra insurance premium charges of switching policies- Security on third party insured cover accepted.
  3. Pay via Mpesa Paybill.
  4. Post-dated cheques, lipa pole pole.

Requirements:

  1. ID& PIN copies (original ID to be provided for verification).
  2. Six months’ bank/ Mpesa statements (or both if available).
  3. Business Records-Purchases/sales, utilities.
  4. Two Passport size photos for the applicant.
  5. Budget on how the funds shall be utilized.
  6. Copy of logbook for the pledged security/collateral
  7. Valuation report for proposed collateral (From Valuers in our panel).
  8. Site Photos for prove of business.

Loan Rates & Fees*

  1. Interest charged at 4% flat rate.
  2. Application fee of KES 1500.
  3. Loan Processing Fee 3%.
  4. Credit life 1.5% of the loan amount.

—-Buy Off Loans

Benefits

  1. Lower interest rate
  2. No or fewer closing costs
  3. Avoiding prepayment penalty

Requirements

  1. ID & PIN copies (original ID to be provided for verification)
  2. Six months bank/ mpesa statements (or both if available).
  3. Copy of national I.D of the guarantor and the KRA pin.
  4. 2 Passport size photos for the applicant

Loan Rates & Fees*

  1. Interest charged at 3.5% reducing rate.
  2. Application fee of KES 1500.
  3. Loan Processing Fee 3% up 12 months.
  4. Credit life 1.5% of the loan amount.

—–Jiokoe Loan

Target Group

Benefits

  1. Get the cash you need to grow.
  2. Competitive interest rates.
  3. Free advice.
  4. Fast Processing.
  5. Flexible repayment Period .

Requirements

  1. ID & PIN copies (original ID to be provided for verification)
  2. Six months bank/ mpesa statements (or both if available).
  3. Copy of national I.D of the guarantor and the KRA pin.
  4. 2 Passport size photos for the applicant

Loan Rates & Fees*

  1. Interest charged at 5% on flat rate.
  2. Application fee of KES 1500.
  3. Loan Processing Fee 3% up 12 months.
  4. Credit life 1.5% of the loan amount.

—-Logbook Loans

Benefits:

  1. Quick Approval. Access cash in just 6 hours.
  2. Affordable interest rates.
  3. No CRB Checks.
  4. No Background Checks.
  5. Convenient Repayment Period.

Requirements:

  1. KRA Pin and ID
  2. 6 Months Certified Bank Statements
  3. 6 Months Mpesa Statements
  4. 2 Passport Size Photos
  5. Original Motor Vehicle Logbook

Loan Rates and Fees:

  1. Interest Rate of 6.5% flat rate.
  2. Application fee of Kshs. 1500
  3. Loan Processing Fee of 5% of the approved amount
  4. Loan Credit Life of 1.5% of the approved amount

Top of Form

Loan Calculator

Sh100,000 Sh100,000 Sh2,000,000

Bottom of Form

Low Interest Loans

1 Year3 Years5 Years

Top of Form

Monthly repayments are Sh3,944

Total you will Pay: Sh142,000



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February 22, 2024

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