Business Loans

Premier Credit Supakwik Credit Details

Rates available from as of 1st April 2021
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Premier Credit

Supakwik Credit
Amount
Ksh1k - 10k
Duration
1 Month
Total Cost
15% per loan (+ksh1000 Registration)
Business Permit Required
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Loan Cost

  • ‍‍Interest: 0%
  • Application Fee: 0
  • Processing Fee: 15%
  • Registration Fee: ksh1000

Loan structure‍

  • Type: Secured
  • Interest structure: Flat Rate
  • Security needed: House Hold Chattels/ Business stock

Loan  Details‍

  • Loan size: Micro
  • Minimum tenure: 1 Months
  • Max tenure: 1 Month
  • Minimum Amount: ksh1K
  • Max amount: ksh10k
  • Repayment Frequency: Monthly

Eligibility‍

  • Time in operation: 3 Months

Documents‍

  • National ID
  • KRA Pin
  • Existing Premier Credit customers
  • T&C Link

Representative Example of Loan Costs:

  • Example Loan Amount: Ksh10,000
  • Example Loan Tenure: 1 month
  • Representative Interest: 15%
  • Total Loan Repayment: ksh11,500

This product is provided by Premier Credit. Premier Credit is a Non-deposit taking Microfinance Institution duly registered under the Companies Act No 17 of 2015.

‍

Money254 Review

Pros

  • ‍‍Available to businesses without formal registration
  • Easy application via USSD ‍

Cons‍

  • No top ups for the loan
  • Registration charged ksh1000


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How to Apply Premier Credit Supakwik Loan, Structure, Repayment, Fees & Contacts

Premier Credit Supakwik loan is offered to individual, small and medium businesses operating in formally fixed premises. This product seeks to cater to unforeseen, immediate working capital needs.

Who is eligible for Premier Credit Supakwik Loan?

Premier Credit Supakwik Loan limits and Interest rates

Other Charges

Premier Credit Supakwik Loan Interest Structure

How to Apply for Your First Premier Credit Supakwik Loan

How to Apply for Your First Premier Credit Supakwik Loan

Contacts

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