| Bank | Loan Name | Eligibility Criteria | Interest Rates | Max Amount | Tenor |
|---|---|---|---|---|---|
| Sidian Bank | Chama Biashara Loan | Active Sidian account 6+ months; clean repayment history; cash collateral 10%; tangible security | 13% p.a. | KES 3M | Up to 24 months |
| Sidian Bank | Q Loan | Active Sidian mobile banking user (USSD *527# or Sidian Vibe app); retail customer | Affordable/competitive (specifics via app) | KES 50,000 | Short-term |
| Sidian Bank | Micro Finance Individual Loan | Microenterprise 24+ months operation; active Sidian account 6+ months; clean history; repayment < Net Household Income | Market rate (not specified) | Not specified | Not specified |
| Sidian Bank | Asset Finance | Active Sidian account 6+ months; 20% client contribution; valid Till/Paybill | 13% p.a.; 3% fees | Up to 95% asset value | Not specified |
1. Chama Biashara Loan
Sidian Bank's Chama Biashara Loan targets investment groups and small businesses needing working capital. It offers tiered limits based on repeat business: first-time borrowers access up to KES 300,000 over 6 months, scaling to KES 3 million over 24 months for subsequent loans.
Eligibility requires an active Sidian Bank account for at least six months with a clean repayment record, plus 10% cash collateral and full tangible security like stock hypothecation backed by all-risk insurance. Loan disbursement occurs weekly or monthly as requested, with pricing at 13% interest, 3% appraisal fee, and KES 1,000 chattel registration.
This product suits chamas expanding operations, providing flexible repayment while minimizing risk through collateral. Minimum amounts start at KES 300,000 for new clients, up to KES 3 million maximum.
2. Q Loan
The Q Loan delivers instant mobile-based financing for urgent personal needs, accessible via Sidian Bank's USSD *527# or Sidian Vibe app. It emphasizes speed with on-the-spot approval and direct deposit into the borrower's Sidian account.
Retail customers qualify easily without extensive paperwork, borrowing up to KES 50,000 multiple times monthly after repaying prior loans. Competitive rates keep it budget-friendly for emergencies like bills or minor purchases.
Ideal for tech-savvy users in Nairobi seeking hassle-free short-term credit, it promotes financial inclusion by bypassing branches. Review terms in-app to confirm fit.
3. Micro Finance Individual Loan
Designed for solo micro-entrepreneurs, this loan supports businesses operating continuously for 24 months. It requires a six-month active Sidian account history and ensures loan repayments do not exceed net household income.
Clean prior loan performance is mandatory, focusing on sustainable growth for small traders or service providers in Kenya's informal sector. It finances expansions without heavy collateral emphasis.
This option empowers Nairobi's microenterprises, aligning with Sidian Bank's SME development roots over 40 years.
4. Asset Finance
Asset Finance enables purchase of equipment or vehicles, covering up to 95% of value with the client contributing 20% held by the bank during processing. A six-month active Sidian account and valid Till or Paybill number are essential.
Interest stands at 13% with 3% appraisal and disbursement fees, suiting businesses needing machinery for property maintenance or repairs. Repayment ties to cash flows from operations.
Common for Kenyan SMEs in cleaning, pest control, or appliance repair, it eases asset acquisition while securing the bank's interest.
Sidian Bank, with deep roots in Kenya's microfinance since starting as a SME support project 40 years ago, tailors these loans to Nairobi and beyond. Products like Chama Biashara emphasize collateral for larger sums, while Q Loan prioritizes digital speed for smaller needs.
Eligibility universally demands active accounts and repayment discipline, protecting borrowers from over-indebtedness. Rates hover around 13% for secured options, with digital loans offering competitive affordability amid Kenya's rising SME demands.
For facility managers or service providers, Asset Finance stands out for tools like generators or vans essential in property maintenance. Always verify latest terms via Sidian branches or app, as rates reflect Central Bank benchmarks.
Micro Finance Individual Loans bridge gaps for solo operators in competitive markets like cleaning services, ensuring household income covers obligations.
Digital access via USSD suits Kenya's mobile-first economy, especially in Nairobi County where quick funds aid daily hustles. Chama structures thrive here, leveraging group accountability for bigger Chama Biashara advances.
Prospects look strong in 2026, with Sidian expanding insurance tie-ins for holistic risk management. Borrowers should compare against peers but Sidian's microfocus gives edge for underserved segments.
Application starts online or in-branch; prepare CRB clearance, payslips or business records, and collateral proofs. Timely repayments unlock higher limits, fostering long-term banking ties.
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