SBM Bank Kenya
Compare all 6 products from SBM Bank Kenya in Kenya. Rates from 0%. Borrow up to Ksh 30,000,000.
SBM Bank Kenya Pros & Cons
+Pros
- ✓Strong trade finance capability
- ✓Mauritian banking heritage with global standards
- ✓Kenya-Mauritius-India trade corridor expertise
- ✓No early repayment penalty
- ✓Acquired former Fidelity Bank branch network
- ✓Lower 4% late payment fee (vs 5% competitors)
-Cons
- ✗Limited branch network
- ✗Minimum loan of KES 100K too high for small needs
- ✗Relatively smaller brand in Kenya retail market
- ✗Requires formal employment letter
- ✗Slower approval than digital-first lenders
- ✗Small Kenyan brand recognition
Eligibility Requirements
- ●National ID
- ●KRA PIN
- ●3 months payslips
- ●6 months bank statements
- ●Employment letter
- ●Copy of ID/Passport
- ●KRA PIN Certificate
- ●Business registration
- ●Audited or management accounts (2 years)
- ●KRA PIN and tax compliance
Frequently Asked Questions
What interest rates does SBM Bank Kenya offer?
SBM Bank Kenya offers interest rates ranging from 0% to 16% across their 6 products. The exact rate depends on the product type, loan amount, and your credit profile.
What loan amounts are available from SBM Bank Kenya?
SBM Bank Kenya offers loan amounts from Ksh 100,000 up to Ksh 30,000,000 depending on the product and your eligibility.
How fast does SBM Bank Kenya disburse loans?
The fastest disbursement time from SBM Bank Kenya is 48-72 hours. Actual processing time varies by product type and application completeness.
Does SBM Bank Kenya require CRB clearance?
Yes, SBM Bank Kenya requires CRB clearance for some or all of their products. A clean credit history improves your chances of approval and may qualify you for better rates.
How many products does SBM Bank Kenya offer on PesaMarket?
SBM Bank Kenya currently has 6 products listed on PesaMarket across 6 categories: Business Loans, Credit Cards, Current Accounts, Fixed Deposits, Personal Loans, Savings Accounts.
Products Available
Compare SBM Bank Kenya With
Best For
- ✓Importers and exporters
- ✓Kenya-Mauritius-India business people
- ✓Mid to high-income salaried workers
- ✓Former Fidelity Bank customers
- ✓Kenya-Mauritius frequent travelers
- ✓SBM Bank existing customers
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