SBM Bank Kenya Loans, Eligibility & Rates

1. Personal Unsecured Loan

SBM Bank Kenya's Personal Unsecured Loan offers quick funding without collateral for salaried individuals needing cash for emergencies, education, or lifestyle needs. Borrowers qualify if they are permanent employees with at least six months on the job, aged 25 to 65, and provide six months' salary statements along with a filled application form. Interest rates range from 14% to 20% on a reducing balance, with processing fees of 1%-4% and tenures up to 60 months for amounts from KES 50,000 to higher limits based on income.

This loan processes online within 1-4 days, ideal for Kenya's working professionals in Nairobi facing unexpected expenses like medical bills or school fees. A minimum credit score around 650-700 is typically required, emphasizing financial discipline. Repayments align with salary cycles to ease budgeting.​

2. Term Loan (Business)

Tailored for Kenyan SMEs and corporates, the Term Loan finances equipment, expansion, or working capital up to 25% of annual turnover. Eligibility demands an active SBM account without overdrafts, business financials, and often collateral like logbooks or property. Terms extend to 5-10 years, suiting ventures in Nairobi's bustling trade hubs.​

Rates hover around 20% or market-linked, with flexible structuring for cash flow management in Kenya's dynamic economy. Applications require turnover proofs, making it accessible for established traders or manufacturers. This product supports growth amid CBK regulations.

3. Mortgage

SBM Bank's Mortgage enables homeownership or refinancing with terms up to 10 years, secured by the property itself. Applicants need stable salaried or business income, age under 65 at maturity, and clean credit; maximum loan-to-value is typically 80-90%. It's popular for Nairobi's rising real estate market, covering purchases in areas like Riverside or Westlands.

Interest stands at 20.12%-21.35% as of late 2025, with shorter 1-5 year options for affordability. Processing involves valuation and legal checks, disbursing within weeks. This suits middle-class Kenyans eyeing long-term stability.​

4. Personal Secured Loan

For larger amounts, the Personal Secured Loan uses assets like vehicles or savings as collateral, offering tenures up to 10 years. Eligibility mirrors unsecured versions but adds security proofs; it's for salaried clients or businesses with verifiable income. Ideal for big-ticket items like cars or renovations in Kenya.​

Rates are competitive, often lower than unsecured due to reduced risk, though specifics like N/A in recent reports suggest case-by-case pricing around 18-21%. Repayment flexibility aids Nairobi residents balancing family and career demands.​

SBM Bank Kenya, headquartered in Riverside Drive, Nairobi, and regulated by the Central Bank of Kenya, stands out for tailored loans amid 2026's economic landscape. With branches across key counties, it serves diverse clients from salaried workers to entrepreneurs. Rates reflect CBK's Total Cost of Credit disclosures, often N/A publicly but tied to CBR plus margins (e.g., 13% CBR base).

To apply, visit sbmbank.co.ke, submit forms online, or call 0709 800 000. Pre-approval checks via salary salary account enhance speed. Compare with peers like Equity or KCB, but SBM's Mauritius backing offers reliability. Eligibility stresses steady income—KES 30,000+ monthly minimums common—plus no defaults.

Processing fees (1-4%) and insurance add-ons apply; use CBK's interest calculator for estimates. In Kenya's 12-15% inflation environment, locking rates early saves costs. SBM emphasizes digital applications, fitting Nairobi's tech-savvy users.​

For businesses, term loans demand 2+ years operation, audited accounts. Mortgages require titles; unsecured suits quick needs. Always verify latest via branch—rates shift quarterly. This positions SBM as a solid choice for Kenyans building financial futures