KCB Boresha Biashara Loan
Pros
- +Tailored for small and medium businesses
- +No collateral required for loans up to KES 1M
- +Quick approval (48-72 hours)
- +Flexible repayment terms
Compare KCB Boresha Biashara Loan and Equity SME Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best business loans for you.
| Feature | KCB Boresha Biashara Loan Kenya Commercial Bank | Equity SME Loan Equity Bank Kenya |
|---|---|---|
| Interest Rate | 13.5% - 16% p.a. | 12.5% - 17% p.a. Best Rate |
| Loan Amount Range | KES 50,000 - KES 5,000,000 | KES 50,000 - KES 30,000,000 |
| Repayment Period | 6 - 48 months | 6 - 60 months |
| Fees | Processing: 2.5% | Processing: 2%% Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Equity SME Loan offers a more competitive interest rate starting at 12.5% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. KCB Boresha Biashara Loan from Kenya Commercial Bank may be better for Tailored for small and medium businesses, while Equity SME Loan from Equity Bank Kenya excels at Loans up to KES 30 million.
KCB Boresha Biashara Loan from Kenya Commercial Bank offers rates from 13.5% p.a. with loan amounts up to KES 5,000,000. Equity SME Loan from Equity Bank Kenya offers rates from 12.5% p.a. with loan amounts up to KES 30,000,000. Compare features, fees, and eligibility requirements above.
Approval times vary: KCB Boresha Biashara Loan typically takes 24-48 hours, while Equity SME Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many business loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
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