LGT Credit Ltd provides a specialized loan product designed to support individual entrepreneurs in expanding their businesses and enhancing their livelihoods. This financial solution offers quick access to capital with flexible repayment structures and no upfront personal savings or traditional collateral requirements.

Financial and Loan Terms

• Borrowing Limits: Loan amounts range from a starting limit of Kshs. 5,000.00 up to a maximum of Kshs. 150,000.00.
• Rapid Processing: Funds are processed and released within a single hour.
• Repayment Plan: Borrowers enjoy a flexible, daily payment schedule spanning up to 60 days.
• Interest Rates: The product features highly affordable and competitive interest rates.

Fee Structure

• Registration Cost: A one-time, non-refundable membership fee of Kshs. 500.00 is charged before the initial disbursement.
• Subsequent Loans: A recurring fee of Kshs. 200.00 applies to every repeat loan facility.
• Pricing Transparency: The product guarantees complete transparency with absolutely no hidden charges.

Security and Application Requirements

• No Guarantors Needed: Applicants do not need to provide guarantors.
• Family Contacts: Borrowers must submit contact info for 3 next of kin to help locate them if they become unreachable.
• Loan Witness: One witness must be physically present to sign the loan issuance agreement.
• Asset Listing: No upfront collateral is required.
• Seizure Clause: Applicants must catalog specific home and business assets and sign an authorization form.
• Default Policy: This signed form legally allows LGT Credit Ltd to seize and auction the listed items to recover unpaid debts during a default.
• No Savings Requirement: Borrowers are not required to hold or build up savings to qualify.

Added Value

• Capacity Building: The package includes complimentary business training to help entrepreneurs manage and scale their ventures successfully.

Applicant Requirements

• Identification: Valid Kenyan National ID.
• Business Age: An active, operational business running for at least 6 months.
• SIM Card: A registered Safaricom line active for at least the last 12 months.