ABSA Bank credit avenue, ABSA Business Loan, offers startups and established business owners loans at attractive interest rates to open up doors of opportunity. In addition to that, ABSA also hosts a financial forum where entrepreneurs gain insights to grow their business and network with others.
Documents required for an ABSA Business loan
- A certificate of registration
- A National ID Card/ Passport
- KRA Pin
- A signed ABSA account opening pack
- Personal returns
- Revenue stamp -Sh. 100
- Residential Address confirmation
- Business Address confirmation
Mandatory requirements for loan application
- The business must have been operational for 3 years of more.
- The minimum loan amount that can be issued is Sh. 100,000.
Why should you apply for an ABSA business loan?
- ABSA has secured loans of up to 10 years repayment period.
- You get to choose between the variable and the fixed interest rates – there are three options for your business.
- ABSA Business loans has flexible repayment option, with a choice of principal + interest, or interest only.
How to apply for an ABSA Business loan
In order to get a business loan from ABSA bank, there are several fields that an applicant needs to fill out on ABSA Bank’s web portal. Click the following link to visit ABSA Business loans and apply.
- Select the solution you are applying for. In this case, it is a business loan. Follow the prompt and move on to the next fields.
- Enter your name, phone number and email address which are vital details for your application and cannot be left out.
- Add any extra information. These could be details about yourself and/or your business and why you need ABSAs approval for your loan request.
- Select the ABSA region that your business’ physical address is located at.
- Select the town your business is in.
- Select the ABSA Branch nearest to your Business.
- Fill in information on whether you are an existing customer or a new customer.
- Complete a mandatory CAPTCHA verification to verify you are not a bot.
- Confirm that you have read and agreed to personal terms processed by ABSA.
- Submit your loan application.
