Best Business Loan Providers in Kenya

This is a list of the best business loan providers in Kenya that do not demand a leg and a foot to lead a business loan.

Have you ever wondered which bank serves Kenya the best? What about small business loans? Do you know which financial institution currently provides the most cost-effective loaning options in the nation?

Our list of the top 10 best business loan providers in Kenya will make it even simpler for you to find the best offers on the market if you’ve been looking for some capital to fuel your small business.

Best Business Loan Providers in Kenya

1. African Banking Corporation (14.63%)

The ABC Bank, which currently provides a choice that is 3% less expensive than what most major banks offer to small business owners, is right at the top of our list of the top 10 best SME banks in Kenya.
The ABC was founded 30 years ago and currently has 10 branches nationwide (4 branches in Nairobi and other 6 upcountry branches in Lamu, Eldoret, Meru, Nakuru, Kisumu, and Mombasa).
Their SME lending services include funds for constructing new facilities, buying existing ones, increasing inventory, working capital, and acquiring equipment and tools. Additionally, they provide supply chain financing options, overdrafts, and asset financing.

2. Commercial Bank of Africa (14.81%)

The Commercial Bank of Africa, also known as CBA, provides a wide range of SME lending solutions, including asset finance, term loans, and liquidity management options.
Additionally, they are an integral part of the well-liked M-shwari initiative (provided in collaboration with Safaricom), which has significantly increased their accessibility to the general public.
Along with providing flexible and affordable SME loans, CBA also offers personal loans and mortgages at 13.62% and 15.67%, respectively.

3. Standard Chartered Bank (16%)

Since it began doing business in Kenya 114 years ago, Standard Chartered Bank (also known as Stan Chart) has grown to have 34 branches all over the country. Their Seeing is Believing campaign, which is promoted in conjunction with the Nairobi Marathon, is well known.

Beyond his charitable endeavors and market dominance, Stan Chart has a soft spot for entrepreneurs. With a 16% interest rate, their SME loans are currently the third most affordable option available in the nation. They also provide personal loans at a 19.4% interest rate.

4. NIC Bank (16.8%)

The NIC bank, which is widely recognized as the top asset financing institution in the nation, has steadily ascended its ranks over the past ten years. Their SME lending solutions are developed to satisfy the requirements of various business entity tiers.