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Effortless Financing for YOUR Businesses
Business Overdraft
This is a flexible, short term working capital financing facility on your business current account.
Funds are available immediately and repayable on demand, giving you extra funds to manage your day to day cash flow and working capital needs.
Features
- Maximum repayment period of 12 months.
- Flexible loan amount determined by business need and working capital cycle.
- The tenor period is renewable after 1 year.
- Repayment is done through credits to your business current account.
- Interest is only charged on the used amount of your overdraft.
Secured Business Loans
Our secured business loans are available to businesses and individuals in business who need to finance expansion or diversify their business.
Get a loan with a flexible repayment period of up to 60 months.
Key Features
- Loan amounts are tailored to fit your business needs.
- Flexible security options.
- Repayment period is assessed on existing business cash flow and cash flow projection.
- Maximum loan tenor of up to 5 years.
Working Capital
Key Features
- Loan amounts are tailored to fit your business needs.
- Flexible security options.
- Repayment period is assessed on existing business cash flow and cash flow projection.
- Maximum loan tenor of up to 5 year.
Investment Club Loan
Take advantage of investment opportunities as they arise with NCBA Bank’s Investment Club Loan. We provide loans to chamas and other investment clubs and registered self-help groups to grow your assets as you build your contributions. Access to loans ranging from KES 1 million up to 50 million with flexible repayment terms.
Key Features
- Maximum repayment period of up to 60 months.
- Scope of loans to be limited to wealth-creation activities.
- Monthly repayment should not exceed 50% of monthly contributions, exclusive of any income-generating activity.
- Group should be formally registered and have been in existence for at least 5 years
Agribusiness Scheme Loan
We offer loans to finance the purchase of farm inputs by farmers who are engaged to produce crops or seeds for scheme companies such as seeds, chemicals, fertilisers and related farm operation activities. We offer flexible repayment periods depending on the crop cycles and contracts.
Features
- Loan amount of up to Kes 6,000,000.
- Available to farmers contracted by a scheme to produce crops or seeds for seed companies, cooperative societies and institutions with a buy back guarantee.
- Farmers must have at least 2 years of farming relationship with the scheme company.
- Flexible security requirements.
Loans Secured by Shares
Draw value from your business’ investments in shares to finance working capital. This loan facility allows you to borrow up to 50% of the value of your shares.
Features
- Loan amount to be determined by business serviceability.
- Repayment capacity is assessed on existing businesses revenue streams.
- Repayment period of up to 36 months depending on the purpose of the loan.
- Shares taken as security to be held at NCBA Securities Ltd.
NCBA Stock Loans
Stock Loans are designed to help businesses finance the purchase of stock and buffer stock required for day-to-day business operations. The facility enables businesses to maintain adequate inventory levels by financing supplier purchases, with payments made directly to suppliers against pro-forma invoices. Terms and conditions apply.
Key Features:
- Finance for purchase of stock and buffer stock.
- Minimum loan amount of KES 300,000.
- Bank finances up to 70% of the supplier’s invoice.
- Payments made directly to suppliers against pro-forma invoices.
- Security accepted includes stock hypothecation and title deeds/logbooks.
- Facility tenor of up to 12 months.
- Maximum drawdown period of 180 days.
- Repayment through equal monthly instalments of principal and interest.
Unsecured Business Loan
The Unsecured Business Loan is designed to support business growth by providing financing for business expansion and working capital needs without the requirement for traditional collateral. The facility is available to eligible businesses with a demonstrable repayment capacity and a consistent banking relationship with NCBA. Terms and conditions apply.
Key Features:
- Suitable for business expansion and working capital financing.
- Maximum loan amount of KES 6 million, subject to serviceability.
- Available for businesses operating for at least 2 years.
- Maximum tenor of up to 36 months for businesses operating for 3 years or more.
- Equal monthly repayment of principal and interest.
- Requires satisfactory operation of an NCBA account for the last 6 months.
- Regular and consistent account credits for the last 12 months.
- Borrower must channel at least 80% of business cashflows through NCBA.
- Proven source of repayment required.
Auto Equity Loan
The Auto Equity Loan enables business owners to unlock value from their motor vehicles to finance business expansion, increase working capital, or fund short-term investments within their existing line of business. The amount available is determined by business repayment capacity and the value of the vehicle. Terms and conditions apply.
Key Features:
- Supports business expansion, working capital, and short-term business investments within the main line of business.
- Financing up to 50% of the vehicle value based on a valuation report. To be determined by serviceability
- Valuation report (to be provided up front and less than 3 months old)
- Secured by the motor vehicle logbook.
- Business expansion/diversification tenor of up to 36 months.
- Working capital tenor of up to 24 months.
- Repayment includes principal and interest.
- Comprehensive vehicle insurance required.
- Vehicle valuation must be conducted by a bank-approved valuer.
- Vehicle must be fitted with a tracking device from a bank-approved provider.
- Vehicle age limits apply at loan maturity.
Contract / LPO Financing
Contract / LPO Financing is designed to support businesses undertaking contracts or fulfilling Local Purchase Orders (LPOs) by providing funding to facilitate project implementation and execution until completion. The facility helps bridge working capital requirements tied to contractual obligations. Terms and conditions apply.
Key Features:
- Financing for contract and LPO execution.
- Funding of up to 70% of the contract or LPO value.
- Unsecured financing of up to KES 6 million, subject to applicable terms and conditions.
- Security requirements as defined in the Group Credit Risk Policy.
- Maximum drawdown tenor of 180 days, subject to business cash cycles.
- Flexible repayment options that include: equal monthly principal and interest instalments and monthly interest payments with bullet repayment at facility maturity.
- Available to main contractors and formally nominated subcontractors.
- Requires evidence of at least two completed contracts of similar nature and complexity.
- Copy of contract award is required.
- Deed of assignment of receivables required.
- Borrower must have been in the same line of business for at least 2 years
- Client commitment to the project should not be less than 30%
Invoice / Certificate Financing
Invoice/Certificate Financing provides businesses with working capital against approved invoices or certificates from ongoing contracts. The facility helps businesses access funds tied up in receivables while awaiting payment from customers. Terms and conditions apply.
Key Features:
- Financing of working capital for ongoing contracts.
- Funding of up to 80% of the invoice or certificate value.
- Unsecured financing of up to KES 6 million, subject to applicable terms and conditions.
- Maximum tenor of 180 days from invoice date, subject to business cash cycles.
- Interest collected upfront upon disbursement.
- Principal repaid in full at maturity.
- Repayment capacity assessed using existing business cashflows.
- Security requirements as defined in the Group Credit Risk Policy.
- Requires a copy of the underlying contract.
- Requires a proven track record in the line of business being financed.
- Eligible invoices must originate from reputable organisations, selected government entities, or other
approved parties.
Property Finance
Property Finance enables business owners to acquire residential or commercial property for owner occupation, investment, or business use. The facility supports the purchase of single or multiple residential units, commercial premises, office blocks, go-downs, and light industrial properties, subject to repayment capacity. Terms and conditions apply.
Key Features:
- Financing for residential and commercial property acquisition.
- Supports purchase of: Single residential units for owner occupation, Residential investment properties, Commercial units and business premises, Multiple residential or commercial units, Office blocks, go-downs, and light industrial properties.
- Up to 90% financing for a director’s owner-occupied residential property.
- Up to 80% financing for residential investment and commercial properties.
- Loan amount based on the customer’s ability to service the facility.
- Repayment assessed based on existing business performance and cashflow projections.
- Business must have been operational for at least 3 years.
- Customer required to channel at least 80% of business proceeds through NCBA.
- Maximum residential owner-occupier tenor: Up to 25 years for LCY facilities, Up to 20 years for FCY facilities, Commercial property financing tenor of up to 15 years, Residential rental property financing tenor of up to 15 years.
- New to Bank customers to open bank account and channel bankings to NCBA
- The customer to channel business proceeds of at least 80% to NCBA
- For purchase of owner occupier i.e director’s single residential unit only: Up to 90% financing of the cost or value of residential property, whichever is lower.
- For single residential units for investments, or commercial units or purchase of commercial units i.e for business premise and multiple rental unit propertyUp to 80% financing of the cost or value of the property, whichever is lower.
- The maximum loan amount is dependent on ability to service the loan
18 SME Owners Graduate from the NCBA-Strathmore Business School Enterprise Development Program
NCBA, in collaboration with Strathmore University Business School (SBS), has announced the graduation of 18 entrepreneurs from the second cohort of the NCBA-SBS Enterprise Development Programme.
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