Business Loan
Bank of Baroda SME Business Loan
Bank of Baroda
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
13% - 15% p.a.
Loan Amount
Ksh 200,000 - Ksh 50,000,000
Approval Time
7-10 working days
Processing Fee
1.5% of principal%
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Pros & Cons
Pros
- Low 1.5% processing fee saves significant amounts
- Competitive rates from 13%
- Strong Kenya-India trade finance
- Long 6-year repayment tenure
- Conservative, stable lending approach
Cons
- Slower 7-10 day approval process
- Requires 2 years audited accounts
- Limited branch network (~15 branches)
- Conservative underwriting excludes risk-takers
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Product Details
Features
- SME loans up to KES 50 million
- Kenya-India trade corridor expertise
- Low 1.5% processing fee
- 6-year flexible repayment tenure
- Export credit and import letters of credit
- Baroda Connect business banking
- Conservative underwriting for stable lending
- NRI business owner specialists
Eligibility Requirements
Age: 25 - 70 years
Min Income: Ksh 150,000/month
Employment: SME, Trader, Manufacturer, Import/export
Required Documents
- Business registration
- Audited financials (2 years)
- KRA PIN and tax compliance
- Bank statements (12 months)
- Trade licenses
Repayment Options
Standing orderDirect debit
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