Standard Chartered Bank Kenya Loans, Eligibility & Rates

Standard Chartered Bank Kenya offers diverse loan products tailored for personal, housing, and business needs, with competitive rates and flexible eligibility for salaried individuals and companies.

1. Personal Loan

Personal loans from Standard Chartered Bank Kenya provide unsecured funding for emergencies, education, or lifestyle needs, with quick approval for salaried clients. Eligibility requires a minimum gross salary of KES 15,000 monthly for employer scheme loans or KES 40,000 for individual applicants, plus documents like recent payslips, an employer letter, and three months of bank statements for new customers. Rates stand at 19% per annum for check-off arrangements and 20% for non-check-off, with maximum amounts up to KES 7 million repayable over 6 to 84 months; arrangement fees are 2.5%, and insurance covers retrenchment up to nine months.

These loans suit mid-income earners in Nairobi seeking flexibility without collateral, often disbursed within days via the SC Mobile App. For scheme partners, lower thresholds apply, making it accessible for blue-collar workers in property maintenance or cleaning services. Always verify current rates, as they fluctuate with Central Bank of Kenya policies.

2. Salary Overdraft

Salary Overdraft offers instant credit against your salary account, ideal for short-term cash gaps like unexpected repairs or bills. Eligibility targets existing salaried account holders, accessible directly through the Standard Chartered app or online banking without extensive paperwork. Rates depend on your credit profile and are typically lower for high-volume salary processors, with no fixed tenure as it's revolving credit.

This product appeals to professionals in facility management or digital marketing in Kenya, providing seamless top-ups up to a percentage of monthly income. Repayment aligns with salary credits, minimizing default risks, though excess usage incurs penalty fees. It's a go-to for Nairobi residents needing bridge financing before payday.

3. SC Juza Mobile Loan

SC Juza delivers quick digital loans via the Standard Chartered app, perfect for urgent needs up to 61 days without branch visits. Users must have an active app-linked account; no specific salary minimum is listed, but credit checks apply. Interest runs at 1.60% monthly, plus a 5.50% processing fee, with an extra charge for extensions into a second month.​

Targeted at tech-savvy youth and small service providers in counties like Nairobi, it supports pest control operators or repair technicians facing daily cash flows. Disbursement is near-instant, enhancing financial inclusion in Kenya's gig economy. Monitor usage to avoid high effective rates from rollovers.

4. Home Mortgage

Home Mortgages finance property purchases with up to 100% funding, capped at KES 100 million over 25 years. Applicants need a minimum monthly income of KES 150,000, age 21+, and property valuation documents; salaried or self-employed qualify with proof. Rates range from 10.99% to 18.99% per annum, available in KES or USD for stability.

This suits growing middle-class families or investors in Nairobi's real estate, covering apartments or homes amid rising property demands. Fixed or variable options allow budgeting, with legal fees covered partially by the bank. Pre-approval speeds home hunting processes.

5. Construction Mortgage

Construction Mortgages release funds in stages matched to building progress, reducing interest on undisbursed amounts. Eligibility mirrors home loans: KES 150,000+ income, architect approvals, and title deeds; up to KES 100 million over 25 years. Rates align with home mortgages at 10.99%-18.99%, focusing costs on drawn funds only.

Ideal for developers in peri-urban Nairobi areas expanding housing, it minimizes financial strain during phased builds. Bank valuers oversee draws, ensuring compliance and quality. This loan supports Kenya's infrastructure boom in facility-related projects.

6. Non-Resident Mortgage

Non-Resident Mortgages cater to Kenyans abroad buying property back home, denominated in KES or USD. Requirements include proof of overseas income equivalent to KES 150,000 monthly, passports, and work contracts; up to 100% financing over 25 years. Rates match standard mortgages at 10.99%-18.99%, hedging forex risks.

Diaspora investors use this for rental properties in Nairobi, boosting remittance-driven real estate. Remote applications via email or app simplify access. Currency choice protects against shilling volatility.

7. Car Loan

Car Loans fund vehicle purchases with fast processing for salaried buyers earning at least KES 50,000 monthly, aged 21+. Documents include payslips, logbooks for trade-ins, and quotes from dealers. Interest rates span 12.99% to 20.99% per annum, with approvals in 1-5 days up to five years tenure.

Service professionals like appliance repair technicians in Kenya favor this for reliable transport in Nairobi traffic. Insurance and tracking add-ons are financed, enhancing security. Balloon payments offer lower monthly outgoings.

8. Business Loan/Term Loan

Term Loans support expansion, asset buys, or property for SMEs with minimum KES 50,000 monthly turnover. Business registration, financials, and collateral like property are needed; tenures up to 20 years. Rates from 15.99% to 25.99% reflect risk profiles.

Nairobi's digital marketers or cleaning firms leverage this for scaling operations amid economic growth. Flexible structures suit seasonal services like pest control. Government SME incentives may lower effective costs.

9. Working Capital Loan

Working Capital Loans provide cash flow boosts, often property-backed with minimal docs for quick turnaround. Eligibility for businesses with steady inflows; short-to-medium terms. Rates competitive within 15-25%, emphasizing repayment flexibility.

Property maintenance companies in Kenya use these for payroll or inventory during lean periods. Overdraft variants tie to transaction histories. This keeps operations fluid in competitive markets.

Standard Chartered's loans emphasize digital access and tailored eligibility, with rates benchmarked against peers like Equity or KCB at 14-15%. Nairobi borrowers benefit from 20+ branches for hybrid applications. Compare via the CBK portal for latest EBRR adjustments, and consult advisors to match profiles—low defaults stem from robust checks. For service pros, these integrate with salary accounts, easing facility management finances