KINGDOM BANK RANKED HIGHLY IN OFFERING   AFFORDABLE LOANS

In a recent report from the Central Bank of Kenya ( CBK),  Kingdom Bank has been ranked as one of the top five banks in the country offering competitive loan rates.  With an average lending rate of 14.02%, Kingdom Bank is positioning itself as a leading option for individuals and businesses seeking affordable credit solutions.

Why Kingdom Bank stands out

For those in need of financial support, Kingdom Bank offers several compelling reasons to consider their services. To start with, the lender   offers highly competitive personal loan rates with attractive benefits for borrowers. With their salary check-off loans, one can access up to Kshs.  6 million and enjoy the flexibility of a repayment period extending up to  one hundred and twenty  months. This extended term means  the  customers  can benefit from lower monthly payments, making it easier for them  to manage their  finances without undue strain. Additionally, the bank offers the option to buy off loans from other financial institutions, including registered microfinance entities. This means you can consolidate your existing debt and potentially reduce your overall repayment burden.

Flexible business loans

Secondly,  Kingdom  Bank  offers flexible business loans. To  that  end, business owners can benefit from the bank’s wide   range of business loans, which include both short-term and long-term options. The bank offers flexible repayment terms and favourable conditions, such as cash cover.  Consequently,   businesses  are able  to  borrow against their existing savings or deposits with the bank. This flexibility supports effective cash flow management and business growth.

For property owners, Kingdom Bank provides landlord loans specifically designed for those whose monthly income is generated from rental properties. These loans are structured to support business needs while aligning with the income flow from rental activities. Additionally, Kingdom Bank is a trusted partner for asset financing, offering up to 90% financing for assets with terms extending up to  seventy  two  months. This includes financing for commercial vehicles ,  equipment and  machinery.

Supporting MSMEs

 Kingdom Bank is also focused on supporting  micro, small and medium  enterprises ( MSMEs). The bank offers specialized micro loans, including  ‘chama’  loans and ‘miliki moti’ loans. These products are designed to assist MSMEs in leveraging  their social capital as well as acquiring essential assets, such as motorbikes, tuk-tuks, and  seven seater matatus ( dubbed marutis), thereby fostering business expansion and operational efficiency. In the same  vein, the bank supports women entrepreneurs with tailored financial products that address their specific needs, helping to close the gender gap in business through the Faidi Dada financing solution.

Kingdom  Bank  also  offers  convenient digital loan solutions.   Reflecting on the modern need for convenience,  the lender  extends the KB mobile loans accessible on the KB Mobile App and on *344#. These solutions enable customers to apply for, access and manage their loans online, providing greater flexibility and ease of use.

Why opt for Kingdom Bank?

The bank’s high ranking in the  CBK’s   report underscores its dedication to providing affordable and flexible financial solutions. By offering competitive rates and a wide  range of tailored loan products, the bank aims to support both individual and business financial needs effectively.

For those interested in exploring Kingdom Bank’s loan offerings, the bank invites  them  to get in touch by  calling   0709 881 300 or visiting   any of  its  branches.