Types of Speed Capital Loans

Speed Capital Loans, Speed Capital Kenya
Speed Capital Loans

In this article, we are going to look at different types of Speed Capital loans.

But before we do that, you need to know that Speed Capital Ltd is a vibrant and innovative financial institution devoted to providing credit, insurance, investment, and financial advisory products to Small and Medium Enterprises across Kenya.

The financial institution also offers loans and below are different types of Speed Capital Loans.

A. Speed Capital Loans

Speed Capital Micro Loans

1. Biashara Plus Loans

This type of loan is given to micro-enterprises and small-scale business customers who don’t have the capability of securing loans with collaterals.

Benefits

  • Security requirements are flexible.
  • Processing and disbursement of loan is quick.
  • Repayment terms are flexible.
  • The loan amount is issued depending on one’s ability to repay.

2. Super Biashara Loans

This type of loan is given to entrepreneurs based on the performance of their business.

Benefits

  • Security requirements are flexible.
  • Processing and disbursement of the loan is quick.
  • Repayment terms are flexible.

B. Speed Capital SME Loans

1. Secured Loans

This type of loan is given to entrepreneurs who incur temporary flow of money but have conventional collateral.

Benefits

  • Processing and disbursement of the loan is quick.
  • The loan amount is issued depending on one’s ability to repay.

Key Features

  • Repayment period of the loan is up to 1 year (12 months).
  • Logbooks or title deeds can act as collateral.
  • With logbook, loan amount to be disbursed is between Ksh. 100,000 and Ksh. 1,000,000 while with title deeds Ksh. 1,500,000.
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2. Asset Financing Loans

This type of loan is given to customers who want to purchase assets without having to pay the full amount.

Benefits

  • Collateral requirements are flexible.
  • Processing and disbursement of the loan is quick.
  • Repayment terms are flexible.

Key Features

  • 70% maximum of the purchase price
  • Repayment period of the loan is up to 1 year (12 months).

3. Project Financing Loans

This type of loan is given to clients who want to finance their long term business projects.

Benefits

  • Security requirements are flexible
  • Processing and disbursement of the loan is quick.
  • Repayment terms are flexible.

Key Features

  • Finance project cost (70%).
  • Repayment period of the loan is up to 2 years (24 months).

Speed Capital Contacts

Tel: 0 714505414
Email: info@speedcapital.co.ke

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