1. MAXIMUM TURNOVER AMOUNT OF K5 MILLION.
There is a distinct difference between Minimum and Maximum. In this case, K5 million is the Maximum. Which means if your TURNOVER is ABOVE OR EQUAL TO K5 MILLION, you will NOT BE Eligible For the UNSECURED SME LOAN BUT WILL BE ELAVATED TO CORPORATE LOAN.
On the same Note, The Minimum is Not Specified. Hence, we assume that the annual MINIMUM turnover is K200,000. This is basing on their minimal unsecured loan ranging from K50,000.00 to K100,000. (IF CALCULATED USING DEBT ASSSET RATIO)
So simply the Minimum turn over can be K250,000 and MAXIMUM is K5 million.
2. MINIMUM 2 years of Trading
The business part of ALL BANKS IS LOAN. Therefore, sometimes depending on your constant Deposits and withdrawal in your business account, Bank gives loan right AFTER 6 MONTHS. ALL YOU NEED TO DO IS DO CONSTANT BANKING WITHIN THE 6 MONTHS IF YOU WANT LOAN FROM KINA BANK.
Do Not Be disappointed by their Minimum requirements of 2 years.!! Believe in yourself that you are ELIGIBLE after 6 months.
3. SECURED LOAN
There is No difference on the KINA SECURED SME LOAN REQUIREMENT. ONLY FEW CHANGES WHICH INCLUDES;
1. Security; House, Land Or Mototvehicle, Fixed Term Deposits etc..
2. Loan Amount ; K100,000 - K500,000.
No Other Changes .
MOST IMPORTANT THINGS TO NOTE❗
✔MUST HAVE IPA CERTIFICATE AND TIN
✔MUST HAVE A BUSINESS ACCOUNT WITH KINA BANK
✔HAVE CONSTANT BANKING RECORDS
✔KINA BANK INTEREST RATE IS VARIABLE
REMEMBER❗
✔ALL BANKS ONLY TRUST PEOPLE WHO DO REGULAR BANKING IN THEIR BANKS REGARDLESS OF HOW MANY HOUSE OR VEHICLE YOU OWN.
✔ ONLY THE HARDWORKING PEOPLE WILL ACHIEVE WHAT THEY WANT
✔NEVER GIVE UP HOPE.
Nb; Please Attend my SME TRAININGS TO KNOW MORE ABOUT TIPS AND TRICKS OF BANKING AND FINANCINGS
GOODLUCK
#PNGSME
#POWERING_POTENTIALS
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