The basic idea behind Situ Credit Nairobi is the quickest way of borrowing and lending money. In today’s world, it is becoming increasingly important to have credit. Whether you are looking to buy a car, a house or even just a new phone, you have to have good credit.
There are a variety of purposes that encourage Situ Credit Nairobi from purchasing a car to seeking funds for business.
About Situ Credit Nairobi
Situ Credit is a non-deposit Microfinance lending company registered under the company Acts. This firm, established in 2015, specializes in short-term and long-term lending to SMEs.
Situ Credit Nairobi Financial Solutions is a trusted financial services provider to small and medium businesses across Kenya.
The company specializes in mobile money remittances, business loans, foreign exchange and investments. They have seen a massive growth in the past years and continue to maintain a focus on providing superior customer service and innovative products to its customers.
Understanding Situ Credit Nairobi
Situ Credit is a global provider of highly effective credit management systems, which are fully integrated with other software solutions to help businesses in the credit and collection process.
They designed their solutions to help asset-based businesses with excellent customer service, reliable and timely payments as well as strong and healthy return on investment. This goes a long way in achieving maximum business growth.
Pros and cons
Pros:
- They pay loans within 24 hours
- The Situ SME loan market is, by far, the biggest credit market in Kenya.
- Loans are at a relatively interest rates on reducing balance method
- They work with banks and NBDB to help them increase their capacities
- Loan top ups are offered here
- As lenders to SMEs, They train management banking staff and provide exposure to best practices around the globe through conferences and seminars.
Cons:
No cons discovered as at the time of writing this article
Is Situ a Deposit Loan Taking Company
No. They do not take any deposits.
Minimum Amount of Situ Credit Loans
The lender offers loans with a minimum of kes.50,000.
Interest Rate for Situ Credit Nairobi
They have a competitive interest rate basically on a reducing balance.
Maximum Situ Credit Loan Duration
The loan duration is 24 months.
Who is Eligible for the Situ Credit Nairobi Loan
An individual above 18 years and in possession of a car logbook.
How to Apply for Situ Credit Nairobi Loan
You can apply via their website online or by visiting their office in Standard street, Nairobi, Kenya.
6 Situ Credit Loan Products
- Logbook Loans– loans are given against the borrower’s vehicle
- Asset Finance– loans are given to customers who want to gain land and building
- Import Finance- where almost 50% to 80% of the estimated cost of goods imported is taken care of by Situ Credit loans
- Trade Finance– Given to anyone who has a finance gap in purchasing goods and services for sale.
- Pesa Sokoni – Pesa Sokoni plans to reach out to very small traders who have regular/permanent operation spots and who maintain some type of business model.
- IPF (Insurance)– IPF allows you to pay a lump-sum premium to an insurance policy.
Situ Credit Nairobi Contacts and Location
You can reach out Situ Credit Nairobi by visiting Caxton House, 1st Floor, Standard Street, Nairobi or call customer care via:
- Mobile- 0753840700
- Landline- 020 785 2614
If you choose to email then, use the address @ info@situ.co.ke.
Conclusion
To ensure that applying for credit is as simple as possible, lots of credit card companies now provide online applications.
As a result, lots of different sites have sprung up that offer to pre-fill your details for you to make it quicker and easier for you.
However, not all of these sites are safe and secure, so consider using a site like Situ Credit where everything is checked by experts.