Terms & Conditions

Loan Conditions for SMEs

• Registration fee: Ksh 500
• Interest: 10% of the principal for the first month
• Processing fee:
  • Ksh 200 (2,000–4,900)
  • Ksh 500 (5,000–44,999)
  • Ksh 2,000 (45,000–100,000)
  • 2% for amounts above 100,000
• Valuation:
  • Kiambu Town: Ksh 1,000
  • Outskirts: Ksh 2,000
  • Other locations: Based on distance
• Repayment period: 1.5 to 2 months

Logbook Loan Terms

• Registration: Ksh 500
• Search: Ksh 2,000
• Tuktuk/Boda tracker: Ksh 1,500
• Vehicle tracker: Ksh 9,000
• Valuation: Ksh 3,000
• Agreement fee: Ksh 3,000

Title Deed Loan Terms

• Registration: Ksh 500
• Search: Ksh 3,500
• Site Visit: Cost varies with location
• Agreement Fee: Ksh 3,000

General Conditions

• Loan is secured by business premises and household items
• Repayment defaults attract a Ksh 50 penalty per day
• If not paid for 2 weeks, SIDU reserves right to repossess collateral
• Loan shall not exceed 30% of the declared business value

SIDU International Ltd reserves the right to inspect businesses and validate documents at any time.