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Loan Eligibility Quiz

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Questions and Answers

Which of the following is the maximum loan amount that can be borrowed?

Kshs. 1,000,000

Kshs. 500,000

Kshs. 5,000,000 (correct)

Kshs. 3,000,000

What is the minimum period of operating an active bank account required to be eligible for the loan?

12 months

6 months (correct)

3 months

9 months

What is the interest rate on the loan?

24% p.a. (correct)

30% p.a.

18% p.a.

12% p.a.

What is the maximum loan tenor?

48 months Signup and view all the answers

What is the loan processing fee charged to the borrower?

2-3% of the loan amount Signup and view all the answers

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 Signup and view all the answers

What is the loan product that can be accessed on demand to cater for short term financial needs?

Overdraft Facility Signup and view all the answers

What is the minimum loan amount that can be borrowed under the Working Capital Facility?

Kshs. 50,000 Signup and view all the answers

What types of businesses are eligible for the Working Capital Facility?

All of the above Signup and view all the answers

What is the maximum loan amount that can be borrowed under the Working Capital Facility?

Kshs. 3,000,000 Signup and view all the answers