Standard Chartered Set To Give Ksh. 10 Billion Unsecured Loans

Standard Chartered Bank along Kenyatta Avenue. / COURTESY

Standard Chartered Bank has rolled out a program to give unsecured loans amounting to Ksh. 10 billion to their customers over the next 45 days.

The lender has set out a few conditions that customers should meet in order to access the said loans

• The loans are available to salaried individuals only.
• A single borrower can apply for up to kes7million
• Successful applicants will enjoy a month of grace period before regular deductions commence.
• Repayment can be done within up to 72months (6years)

This high risk venture by the bank came after the bank conducted a research that revealed that that was a product that the customers have requested most.

The service will end on the 11th of October 2017.

Read: Safaricom Launches Eastern Kenya Regional Hub

Standard Chartered Bank is a bank of many firsts as it was also the first bank to introduce  video banking in Kenya.

Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to Editor@kahawatungu.com