Kenya Tourist Development Corporation

Frequently Asked Questions

1. 1. How do I apply for a loan?

   To apply for a loan you should;

   • Fill an application form: To download the application form click here
   • Submit the form and the mandatory documents ( should be a link )
   • Pay a non-refundable Appraisal fee of Ksh. 50,000/=
2. What is the maximum amount that I can borrow?
   • Short Term Loans    -  70% of the total project cost subject to a maximum of Kshs. 10 million
   • Long Term Loans -     70% of the total project cost subject to a maximum of Kshs. 50 million.

• What is the interest Rate on KTDC loans?

. The current interest rate is 9% per annum. Interest is computed monthly on reducing balance. Interest rates may be reviewed periodically by the Corporation to conform to contemporary economic fundamentals, as per the KTDC policies.   Borrowers will be advised accordingly.

• What is the repayment period?

The long term loans are repaid over a maximum period of ten (10) years and short term loans are repaid over a maximum of five (5) years

• What’s the Grace period for KTDC loans?

A moratorium period of up to a maximum of twelve (12) months may be given at the discretion of the Corporation in respect of development, purchase, extension and modernisation loans.

• Does KTDC co-finance loans?

Co-financing with other financial institutions is permissible , where satisfactory financial results have             been clearly demonstrated and terms of existing       loans are acceptable to the Corporation.