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Standard Chartered Set To Give Ksh. 10 Billion Unsecured Loans

standard chartered
Standard Chartered Bank along Kenyatta Avenue. / COURTESY
standard chartered
Standard Chartered Bank

Standard Chartered Bank has rolled out a program to give unsecured loans amounting to Ksh. 10 billion to their customers over the next 45 days.

The lender has set out a few conditions that customers should meet in order to access the said loans

  • The loans are available to salaried individuals only.
  • A single borrower can apply for up to kes7million
  • Successful applicants will enjoy a month of grace period before regular deductions commence.
  • Repayment can be done within up to 72months (6years)

This high risk venture by the bank came after the bank conducted a research that revealed that that was a product that the customers have requested most.

The service will end on the 11th of October 2017.

Read: Safaricom Launches Eastern Kenya Regional Hub

Standard Chartered Bank is a bank of many firsts as it was also the first bank to introduce  video banking in Kenya.

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Written by Merxcine Cush

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