Business Loan
BOA Business Loan
Bank of Africa
Last updated: April 16, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
13% - 16% p.a.
Loan Amount
Ksh 200,000 - Ksh 50,000,000
Approval Time
5-10 working days
Processing Fee
2.5% of principal%
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Pros & Cons
Pros
- Strong pan-African trade finance network
- Flexible 6-year repayment
- Cross-border letters of credit
- Competitive rates from 13%
- Ideal for import/export businesses
Cons
- Higher 2.5% processing fee
- KES 200K minimum excludes micro-businesses
- Requires 2 years audited accounts
- Smaller Kenya branch network than Tier 1 banks
Customer Reviews
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Product Details
Features
- Business loans up to KES 50 million
- Pan-African network across 20+ countries
- Cross-border trade financing
- Working capital and asset financing
- Pre-export and import finance
- BOA Connect business banking
- Trade letters of credit and guarantees
- Relationship-based SME pricing
Eligibility Requirements
Age: 25 - 65 years
Min Income: Ksh 200,000/month
Employment: SME, Corporate, Trader, Manufacturer
Required Documents
- Business registration
- Financials (2 years audited)
- KRA PIN and tax compliance
- 12 months bank statements
- Trade licenses
Repayment Options
Standing orderDirect debit
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