Southern Credit Bank

Loan Products

Southern Credit’s business loan products provide access to capital for day to day operations or for the purchase of fixed assets.

Features
Period of repayment: Upto 3 years
Minimum Deposit: Negotiable
Asset Financing

This product enables businesses to free up cashflow and enhance profitability by acquiring finance to purchase vehicles and machinery for the business. Repayments fall between 24 and 48 months or longer as necessary.

Features
Period Of Payment: Upto 36 months
Minimum Deposit: 20% of Asset Value(minimum)
Collateral: The asset being financed plus an initial deposit
Premium Financing

Insurance payments can seriously affect cash flow. This product allows a client to fund insurance premiums through short-term capital at attractive interest rates.

Features
Period of repayment: Upto 9 months
Minimum Deposit: 2 months premium payment
Collateral: Pro rata refund guarantee from an insurance company on the bank's panel.
Bills Discounting

A short term financing solution that allows businesses to stay steady and more agile, Bill discounting is simply an advance where the bill is taken as security and the discount being the interest on the advance from the date of purchase of the bill until it is due for payment.

Features
Period of repayment: Upto 3 months
Minimum Deposit: 10% cash margin
Collateral: Third party promissory notes/bills acceptable to the bank, supported by invoice.
Cheque Discounting

Cheque discounting is particularly ideal for distributors whose customers need it.

Features
Repayment Period: Upto 3 months
Minimum Deposit: 10% Cash Margin
Collateral: Third party cheques acceptable to the Bank.
Branch Network:

Head Office
Treasury and Foreign Exchange Division Southern House
Nginda Lane, off Murang’a Road
Telephone: +254 (020) 2220948, 2218622, 2220939
E-mail: customerservice@southerncredit.co.ke

Westlands Branch (Nairobi)
Shimmers Plaza, Westlands Road
Telephone: +254 (020) 4447441/077/430/832
E-mail: westlands@southerncredit.co.ke

City Branch (Nairobi)
Chester House, Koinange Street
P.O. Box 34875, 00100, Nairobi
Telephone: +254 (020) 2213300, 2219006, 2215172, 2218186
E-mail: city@southerncredit.co.ke

Industrial Area Branch
Avon Centre
Enterprise Road
Telephone: +254 (020)554116/120/123/124
E-mail: industrialarea@southerncredit.co.ke

Mombasa Branch
Southern House - Mombasa
Moi Avenue
Telephone: +254 (041)2220507/508/509
E-mail: mombasa@southerncredit.co.ke

Nyali Branch
Nyali Cinemax Complex, Kongowea Road
Telephone: +254 (041)471002/003
E-mail: nyali@southerncredit.co.ke

Kakamega Branch
Jubliee Ironmongers Building
Canon Awori Road
Telephone: +254 (056) 31220, 31481
E-mail: kakamega@southerncredit.co.ke

Kisumu Branch
Harley’s House, Oginga Odinga Street
Telephone: +254 (057)2022741/742
E-mail: kisumu@southerncredit.co.ke

Eldoret Branch
Simphi House, Oloo Street
Telephone: +254 (053) 2062622/481
E-mail: eldoret@southerncredit.co.ke