10 Questions
Which of the following is the maximum loan amount that can be borrowed?
Kshs. 5,000,000
What is the minimum period of operating an active bank account required to be eligible for the loan?
6 months
What is the interest rate on the loan?
24% p.a.
What is the maximum loan tenor?
48 months
What is the loan processing fee charged to the borrower?
2-3% of the loan amount
Which of the following is a requirement to be eligible for the Working Capital Facility?
Must have operated an active bank account for at least three months
What is the loan product that can be accessed on demand to cater for short term financial needs?
Overdraft Facility
What is the minimum loan amount that can be borrowed under the Working Capital Facility?
Kshs. 50,000
What types of businesses are eligible for the Working Capital Facility?
All of the above
What is the maximum loan amount that can be borrowed under the Working Capital Facility?
Kshs. 3,000,000
Test Your Knowledge: Loan Eligibility and Amounts in Kenya
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
