Term Loan
Finance approved personal or business needs with a secured DTB Term Loan in Kenya. Access local- or foreign- currency funding for working capital, asset purchases, construction or business expansion, with monthly or quarterly repayments over up to 96 months, subject to appraisal.
Overview
DTB Term Loan is a secured financing facility for individuals, sole proprietors, partnerships and companies. It can support approved working-capital needs, capital expenditure, asset purchases, construction and business expansion. The loan is available in local currency (LCY) or foreign currency (FCY), with the approved amount, interest rate, security and repayment schedule determined through credit appraisal. Monthly or quarterly instalments help you plan repayments around your income or business cash flow.
What You Need to Open an Account
The requirements are as follows:
Individuals / Sole proprietors / Partnerships
Original and copy of the National ID card or passport and KRA PIN certificate for each borrower.
Certificate of registration for a sole proprietor or partnership.
Latest bank statements for the last six months.
Copies of loan offer letters (LOFs) and the current account status for loans or other facilities held with other banks, where applicable.
Motor-vehicle security: copy of the logbook and a valuation report, where available.
Fixed-deposit security: details of the fixed deposit receipt (FDR).
Property security: copy of the title, valuation report, property details and guarantor details, where applicable.
A written request explaining the purpose of the loan and the expected economic return.
Details and cost of the assets to be acquired, where applicable.
Companies
Original and copy of the National ID card or passport and KRA PIN certificate for each borrower or authorised party.
Copies of loan offer letters (LOFs) and the current account status for loans or other facilities held with other banks, where applicable.
Certified copy of the memorandum and articles of association.
Certified copy of the resolution authorising borrowing from DTB.
Audited financial statements for the last three years and the latest management accounts.
Age-wise schedule of debtors and creditors based on the latest management accounts.
Monthly business cash-flow projections and plans for the next 12 months.
Valuation report(s), where available, and evidence of ownership for the asset offered as security.
Bank account statements for the last 12 months.
CVs of the promoters and top management in the required format.
Company profile.
Current marketing set-up and strategies used to increase sales volume.
Current-year sales targets with projected profit-and-loss statement and balance sheet.
List of major customers and suppliers.
Current volume of orders and enquiries on hand.
A written request explaining the purpose of the loan and the expected economic return.
Details and cost of the assets to be acquired, where applicable.
Other terms and conditions - Construction Loans
Bill of quantities.
CVs of the professionals involved in the project.
Approvals from NEMA and other relevant authorities.
Profiles of promoters showing experience with projects of a similar nature.
Feasibility documentation, including the marketing plan, SWOT analysis and financial projections.
Features
Access a comprehensive suite of banking services and tools:
Purpose - approved capital expenditure or working-capital needs.
Currency - local currency (LCY) or foreign currency (FCY).
Maximum credit limit - determined through credit appraisal and repayment capacity.
Repayment period - between 1 and 96 months, with monthly or quarterly instalments.
Interest rate - prevailing market rate, subject to the approved facility.
Fees - 2% appraisal fee and 1% anniversary
FAQs
Clear answers to common questions about term loans, eligibility, security, repayment, costs and the DTB application process.
A term loan is a set amount of money borrowed for an agreed period and repaid through scheduled instalments. It is commonly used for planned personal or business needs such as buying assets, funding expansion, construction or working capital.
A secured term loan is backed by an acceptable asset or other approved security. DTB assesses the requested amount, purpose, repayment capacity, credit history and proposed security before confirming the loan limit, rate, fees and repayment schedule.
Individuals, sole proprietors, partnerships and registered companies may apply. Approval is subject to DTB credit appraisal, satisfactory supporting documents, repayment capacity and acceptable security.
The facility may be used for approved capital expenditure or working-capital needs, including asset purchases, business expansion, construction and other eligible personal or business goals. The loan purpose must be clearly explained in the application.
Yes. DTB Term Loan can finance approved business expansion, asset purchases, capital expenditure or working-capital needs. The amount and repayment period are based on the business case, cash flow, security and credit appraisal.
DTB may consider security such as property, a motor vehicle or a fixed deposit, subject to valuation, ownership verification and approval. The acceptable security and required supporting documents depend on the requested facility.
Property may be considered as security for a DTB Term Loan. You will generally need ownership documents, including the title, property details and a valuation report, together with any additional documents requested during appraisal.
A motor vehicle or fixed deposit may be considered as security, subject to DTB approval. Vehicle-backed applications may require a logbook and valuation report, while fixed-deposit-backed applications require the relevant FDR details.
There is no single published loan limit for every applicant. Your maximum credit limit is determined through credit appraisal based on the loan purpose, repayment capacity, supporting financial information and value of the approved security.
The current Features section states a repayment period of between 1 and 96 months. Repayments may be structured monthly or quarterly, subject to the approved facility and the borrower’s income or business cash flow.
The interest rate is based on the prevailing market rate and the approved facility. The current page lists a 2% appraisal fee and a 1% anniversary fee. Review the final loan offer and current DTB tariff guide to understand the total cost before accepting the facility.
Common requirements include identification and KRA PIN documents, registration documents where applicable, six months of bank statements, details of existing loans, security documents, a written explanation of the loan purpose and details of any assets to be purchased.
Companies commonly need corporate registration and borrowing-authorisation documents, audited accounts, management accounts, 12 months of bank statements, cash-flow projections, debtor and creditor schedules, business profiles, details of major customers and suppliers, and documents for the proposed security.
Yes. Sole proprietors and partnerships can apply, subject to credit appraisal. Applicants should provide registration documents, identification and KRA PIN documents, bank statements, the loan purpose and relevant security information.
Yes. The product page states that the facility is available in local currency (LCY) and foreign currency (FCY), subject to approval. Borrowers should understand that foreign-currency repayments may be affected by exchange-rate movements.
A construction-loan application may require a bill of quantities, professional CVs, approvals from NEMA and other authorities, evidence of the promoters’ relevant experience and a feasibility pack covering the marketing plan, SWOT analysis and financial projections.
A term loan provides an approved amount that is repaid over a defined period through scheduled instalments. An overdraft is a revolving facility linked to an account and is generally used for shorter-term cash-flow gaps. The suitable option depends on the purpose, duration and repayment pattern.
Compare the total cost, interest basis, fees, repayment period, instalment frequency, security requirements, currency and flexibility against your cash flow. DTB Term Loan may suit borrowers who need secured LCY or FCY financing with structured monthly or quarterly repayments. Select “Get In Touch” to discuss eligibility and begin the application process.
