Appraisal and Commitment Fees

The following fees are applicable to all loan facilities;

Appraisal Fee

Appraisal fee is charged at a rate of 1.5% of the approved loan amount payable upon approval before disbursement a minimum of Kshs.50,000 will be applicable.

Commitment Fees

Commitment Fees will be charged at a rate of 1% of the approved amount after acceptance of loan offer.

The Commitment Fee is payable before disbursement. All fees, once paid to the Corporation, are non-refundable

Interest Rate

Interest charge is 11% per annum on reducing balance.

Equity Contribution

In the following instances, the borrower must make equity contribution as detailed hereunder:

Working Capital Facility

This shall be financed 100%.

Development Loan

Not less than 30% of the total project cost of which at least 10% must be in the form of liquid resources.

Expansion and Refurbishment Facility

Not less than 30% of the total project cost of which at least 10% must be in the form of liquid resources.

Asset Finance Facility

Not less than 20% of the cost of the asset.

Moratorium

A moratorium period of upto maximum of 12 months will be granted.

Repayment Period

The repayment periods shall be as follows;

Working Capital Facility

Up to a maximum period of five (5) years.

Development Loan

Up to a maximum period of ten (10) years.

Expansion and Refurbishment Facility

Up to a maximum period of ten (10) years.

Asset Finance Facility

Up to a maximum period of four (4) years.

Refinancing Facility

Up to a maximum of ten (10) years.