Premier Credit Limited is a microfinance bank established in 2014. It aims to provide finance for individuals and businesses in Kenya.
Premier Credit offers loans to business owners and people in Kenya. These loans can help you sort out your business or personal needs.
This article explores Premier Credit, its eligibility, and Loan products.
![Premier Credit Premier Credit](https://loanspot.io/ke/wp-content/uploads/sites/3/2021/03/premier-credit-1024x493.png)
Why Choose Premier Credit Limited?
The following are some of the benefits of Premier Credit;
- They offer the best minimum documentation.
- They render loans easily and make it accessible to all customers.
- They offer great customer service.
- You can make payments easily and conveniently
Who is eligible to access Premier Credit Limited loans
- Small and medium enterprises
- Civil servants
- Members of the Teachers Service Commission and
- Post bank customers
4 Premier Credit Limited loan products
Premier Credit provides a variety of financial solutions to its clients including:
- Consumer loans
- SME loans
- Cash Xpress
- Partnership Services
1. Consumer loans
Consumer loans are for selected employees. These employees have their employers sign a Memorandum of Understanding (MOU).
The agreed amount will be repaid from the salary Check-off of the customer. The loans offered to the Teachers Service Commission and other civil servants are ;
- Loan lasting for 12 months
- Consolidation loans
- Top-up loan or 2and loans
- 24-month loans and so on
Requirements
- National ID
- Current passport photograph
- Three (3) recent payslip
- Copy of appointment letter
2. SME loans
SME loans are business loans given to small and medium enterprises in Kenya. They target existing customers who have established businesses with verifiable daily cash flows. It is a 24-month loan. The fund is used to cater for unpredicted working capital and expenses facing a business.
Requirements
- Prove of age. Acceptable age duration is from 18 to 68
- Operate legally for a minimum period of one year
- Have operated from a permanent location for 6 months
- Present an acceptable collateral
3. Cash Xpress
This is a special loan for members of the Teachers Service Commission. It can be accessed through the USSD code by dialing *241#. If you cannot apply for a mobile loan, you can email Premier Credit Limited. They can activate your profile.
Benefits of Cash Xpress
- No extensive paperwork
- Easy and convenient
- Flexible repayment schedules
- No need to present a guarantor or collateral. Everything is mobile.
4. Partnership Products
Premier Credit partners with banks. This is how they provide loans to bank employees. Manufacturers and distributors also give credit in partnership with Premier Credit.
Some products financed are:
- Home appliances
- Solar equipment
- Water tanks
- Biogas
- Digesters, etc.
Requirements
- National ID card
- Recent passport photograph
- Three (3) current payslips
- Bank account at post bank
How to contact Premier Credit Limited
They have branches in several towns in Kenya and their headquarters is at
5th Floor Nginyo Towers. Koinange Street, Next to Nakumatt Lifestyle.
Their full contact details is as follows;
- P. O Box: 21256-00100, Nairobi.
- Tel: +254730 812 000.
- Mobile: +254709 176 000.
- info@premiergroup.co.ke
Conclusion
With premier credit limited, you will get a loan and great customer service. Their loan products are attractive and are worth trying out.