Consolidated Bank of Kenya provides diverse loan products tailored for individuals, SMEs, and corporates, emphasizing competitive rates and flexible terms.
| Loan Name | Key Eligibility | Interest Rates | Max Amount/Term |
|---|---|---|---|
| Asset Financing | Business ownership; asset valuation report; collateral for second-hand assets under 8 years old | 8%-12% p.a. | Up to 80-95% financing; up to 72 months |
| Business Term Loans | SME registration; 3 months bank statements; cash flow projections | 10%-16% p.a. | Kshs. 3-4M unsecured; up to 60-84 months |
| Emergency Loans | Employer MOU with bank; 3 months salary through bank account | Not specified (short-term) | Up to half net pay (max Kshs. 50K); 1 month repayment |
| Personal Loans | 3 months payslips; KRA PIN; bank statements | Low rates (9.5% flat example for assets) | Up to Kshs. 4M; 60 months |
| LPO Financing | Valid LPO from approved suppliers; supplier agreement | Competitive (8-12% range) | Based on LPO value; short-term |
1. Asset Financing
Asset financing from Consolidated Bank targets purchases of motor vehicles, equipment, plant, and machinery essential for business operations. Eligibility requires a clear business purpose, professional valuation for assets, and collateral where applicable—new vehicles qualify for up to 80% financing, school buses up to 95%, while second-hand options (vehicles under 8 years, machinery under 5 years) cap at 70% of lower value or price. Interest rates range from 8% to 12% per annum, with repayment up to 72 months, and recent updates highlight 100% financing options at 9.5% flat for PSVs and medical equipment. This product suits SMEs expanding fleets or upgrading tools, offering quick disbursement post-approval.
2. Business Term Loans
Business term loans support working capital, stock purchases, asset acquisitions, bridging finance, and operating expenses for SMEs. Applicants need valid business registration, at least three months of bank statements, cash flow projections, and proof of revenue stability; MOU customers access higher unsecured limits up to Kshs. 4 million, non-MOU at Kshs. 3 million. Rates span 10% to 16% annually, with tenures of 60 months for standard loans or 84 months under employer MOUs, aligning repayments to cash cycles. Ideal for capital investments like premises or vehicles, this loan features flexible structuring to match business growth phases.
3. Emergency Loans
Emergency loans provide rapid cash for salaried individuals facing urgent needs, repayable in one month via salary deduction. Strict eligibility mandates an employer MOU with the bank, three months of salary processed through a Consolidated Bank account, and advances limited to half the average net pay over that period—minimum Kshs. 3,000, maximum Kshs. 50,000. While specific rates aren't detailed, the short tenor implies low-cost, low-risk processing with irrevocable salary remittance authority. This product excels for quick, collateral-free relief, prioritizing bank salary account holders.
4. Personal Loans
Personal loans offer versatile funding for salaried workers, covering emergencies, consumer needs, or development with a swift approval process. Requirements include three months' payslips, bank statements, KRA PIN, and ID, with no strict minimum salary but credit scoring applied. Flexible tenors reach 60 months at low interest rates, with maximums up to Kshs. 4 million for MOU-linked applicants. Quick turnaround—often within days—makes it popular for home improvements or education, emphasizing accessibility for formal employees.
5. LPO Financing
LPO financing leverages Local Purchase Orders from credible suppliers to fund contract fulfillment, ideal for suppliers to government or corporates. Eligibility demands a valid LPO, supplier confirmation, and bank verification of the buyer's creditworthiness, often requiring collateral like discounts on invoice value. Rates align with asset products at 8-12%, with short tenures matching payment cycles for minimal risk. This niche product boosts working capital for SMEs in supply chains, disbursing up to LPO value post-discount.
Application Process
Applying for Consolidated Bank loans starts online via their website or at branches in Nairobi and other centers, requiring core documents like ID, payslips, bank statements, and business papers for SMEs. Submit forms with KRA PIN and valuations where needed; MOU employers streamline approvals. Processing takes days for personal/emergency loans, longer for assets with valuations. Visit during working hours (8:30 AM-4 PM weekdays) or contact customer care at 0703029000.
Eligibility Essentials
Across products, eligibility hinges on steady income proof, clean credit via CRB checks, and bank relationship—salary accounts for three months boost chances. Businesses submit registrations, projections, and collateral valuations; unsecured limits favor MOU partners. Age caps apply to assets, and all require Kenyan residency or work permits.
Current Rates Overview
Rates remain competitive: 8-12% for assets/LPO, 10-16% for business terms, with personal/emergency at low flats around 9.5-12%. Central Bank of Kenya influences via CBR (13% as of early 2026), but Consolidated Bank's government ties enable below-market offers. Verify latest via branches, as March 2025 facts noted reductions.
Why Choose Consolidated Bank
Government ownership ensures stability, low rates, and priority for public sector/SME clients in Kenya. Flexible terms, quick processing, and nationwide access via 11 branches suit Nairobi-based users and beyond. Compared to peers like Co-op or KCB (12-25%), Consolidated offers value for low-risk borrowers.
Consolidated Bank's loans empower Kenyans with affordable credit amid 2026 economic recovery, but assess personal finances and compare via official sites. Contact branches for tailored quotes, ensuring documents align for seamless uptake. This positions the bank as a reliable partner for sustainable borrowing
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