Nawiri Business Loan
Get the capital needed to boost your business through your commercial vehicle on third party insurance.
This is an secured loan to boost the working capital and consumer needs available to your business. It gives entrepreneurs with commercial vehicles on Third Party insurance covers, freedom to access financing. Third party policy is the most common car insurance as it will only protect you from damages and losses caused to a third-party and won’t cover for your own damages.
- Access amount up to Ksh. 400,000.
- Up to 12 month’s installments.
- No limit on Year of Manufacture.
- Vehicles on Third party insurance accepted.
- Available within 48 hours.
- No extra insurance premium charges of switching policies- Security on third party insured cover accepted.
- Pay via Mpesa Paybill.
- Post-dated cheques, lipa pole pole.
- ID& PIN copies (original ID to be provided for verification).
- Six months’ bank/ Mpesa statements (or both if available).
- Business Records-Purchases/sales, utilities.
- Two Passport size photos for the applicant.
- Budget on how the funds shall be utilized.
- Copy of logbook for the pledged security/collateral
- Valuation report for proposed collateral (From Valuers in our panel).
- Site Photos for prove of business.
Loan Rates & Fees*
- Interest charged at 4% reducing rate.
- Application fee of KES 1500.
- Loan Processing Fee 3%.
- Credit life 1.5% of the loan amount.