KivuEquity Bank. Business
These terms were last checked on 30 Jan 2026. Rates and amounts are not shown until they are checked again — ask the bank.
Target Audience Companies & SMEs Interest Rate Reducing Balance Rate (Custom) Loan Amount Based on Business Income/Collateral Tenor Flexible (Months) Collateral Required (Property + Business Income) Processing Time Up to 180 days for drawdown Key Terms & Conditions Interest Rate: Calculated on a Reducing Balance basis (interest is charged only on the outstanding amount, not the original principal). Fees & Commissions: Standard facility fees apply, subject to 18% VAT (Value Added Tax). Default Penalty: A surcharge of 6% per annum is charged on any overdue amounts. Early Repayment / Takeover: If you refinance this loan through another financial institution (loan buyout), a penalty of 8% is charged on the outstanding balance. No penalty if repaid with own funds. Security Requirements (Collateral) To secure the loan, the bank typically requires: Legal Charge over Property: First rank mortgage on land or buildings. Assignment of Income: A legal agreement to channel business proceeds/income through Equity Bank. Insurance: Asset Insurance: Comprehensive cover (Fire, Burglary, Theft, etc.) for business assets, with the Bank noted as the "First Loss Payee". Credit Life Insurance: Covers the key promoter/director. Promissory Note: Signed by the company directors. Eligibility & Documents Company Documents: Certificate of Incorporation, Memorandum & Articles, and recent Annual Returns. Financials: Audited financial statements (Balance Sheet, P&L) prepared according to international standards. Tax Compliance: RRA Certificate of Non-Indebtedness. CRB Status: Clean Credit Reference Bureau report.
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Rates and terms are indicative and set by the provider. Confirm with the provider before you decide. Kivu is not a bank or an insurer and does not give financial advice.