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.

Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to

Written by Merxcine Cush

One Comment

Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.


NASA Proposes Presidential Election Dates, Says IEBC Date Influenced By Matiang’i

Fake Newa

African Leaders Fall Prey To Fake News Generating Foreign PR Companies