Term Loan

A term loan is a flexible financing option offered by HFC that can be tailored to your specific business needs for a period less than 60 months (5 years). It can be a short term loan or a long term loan.



What you need to get a term loan:

  • Application form duly completed                                         
  • Board of Directors resolution to open accounts                                      
  • Certificate of incorporation/Registration        
  • Company PIN & VAT                    
  • ID & PIN copies of all directors
  • Copy of Annual Returns/CR 12
  • Utility Bill                                        
  • Proposal for borrowing indicating amount being borrowed, Purpose, type of facility required, proposed repayment period and any other relevant information   
  • Audited accounts for the last three years
  • Current management accounts
  • Cash flow projections for the next five years


Fees & Rates

These are the rates calculated on short term loans or long term loans in Kenya

  • Interest Rate: Central Bank Reference Rate (Currently 10.0%) plus a margin of 4% i.e. 14.0% p.a. or 10% p.a. for USD loan                          
  • 2% commitment fee 



  • Term loans help you meet your long-term finance needs


A Business Tip Every SME Owner Should Know

The biggest problem founders and owners of small businesses have is that they are experts in

Always Budget When You Borrow Money

Before you borrow money, ensure you can make the monthly payments.

Failure to do so

Asset Finance TIPS

Starting a business is a tricky affair. Maintaining the business momentum and a competitive edge