CENTURY BANK LOANS
BUSINESS OVERDRAFT
The business overdraft is a credit facility whereby a client is allowed by the bank to withdraw funds from his current account up to an agreed negative debit limit. The target Market is SME customers in manufacturing, trade and services including private limited companies, sole proprietors, self-employed individuals and partnerships. Maximum of 3 Million shillings for a period of 12 Months
SOKO LOAN
This is a quick one time facility designed to offer you urgent funds to purchase stock especially in the market when goods arrive. It is processed within the same day for up to a maximum of Kshs 20,000 with a maximum repayment period of one month.
Requirements
- Kenyan citizen, over 18 years,
- National ID card
- Business has running for at least 6 months,
- KRA PIN certificate,
- Photograph (for first loans only.)
MAZAO WEEKLY & MONTHLY LOAN – AGRICULTURAL LOAN
Mazao loan, aka (Agricultural Loan), is used in financing Farm input and Dairy improvements. The repayment period is between 3 to 12 Months, with a grace period dependent on the crop cycle. The facility has an inbuilt insurance cover for both crop and livestock giving the farmer peace of mind. The loan size ranges between Kshs. 5,000 and Kshs. 1,000,000.
They partner with the farmers to help them improve on their farm yields and livelihoods by offering credit at attractive rates with convenient and easy repayments. This loan is flexible and is designed to match the production cycle of the farming activity.
The loan will be processed within 48 hours and it has a maximum repayment period of 1 year for amounts ranging from Kshs 5,000. The facility has an inbuilt insurance cover for both crop and livestock giving the farmer peace of mind.
Requirements
- Kenyan Citizen, over 18 years & National ID Card,
- lease agreement,
- KRA PIN certificate,
- Passport Photograph (for first loans only.)
- 10% compulsory savings,
- Demonstration of ownership of rights to use land.
- Livestock and crop insurance
IMPORT DUTY FINANCING
Import your dream vehicle stress free with 100% import duty financing.
Once your vehicle arrives at the port, they settle all taxes on your behalf so that you can avoid delays, costly penalties or even auction. Also included is a comprehensive insurance cover so that you can drive now and pay slowly.
RENT ZAIDI
This product is designed to holistically cater for the Rental Housing financial value chain. It provides a collection account to the proprietor, rent collection solutions as well as credit facilities for new construction and house improvement. Maximum of 5 Million shillings for a period of 60 Months.
MAZAO FACTOR
Upon request the farmer can be paid upfront for up to 80% of the value of the produce that has been delivered to a bulker, producer co-operative, exporter or processor. The buyer will release the payment to the farmer after 30 – 45 days through Century which will recover the advance payment made to the farmer together with a premium of 2.5% of the amount advanced and the residual balance is made available to the farmer in their savings account.
LPO/INVOICE DISCOUNTING
Upon verification of the LPO we can offer our clients up to a maximum of 70% of LPO’s value to help them meet their contractual obligations. The repayment period is within 3 Months. The loan size ranges between Kshs. 20,000 and Kshs. 1, 000,000.
Requirements
- Kenyan citizen, over 18years,
- National ID card,
- Business has been running for at least 6 months.
- KRA PIN certificate,
- At least 6 Months Bank statements for clients who have not been with century for at least 3 months.
