Commercial Loan Agreement (Kenya) Template

Kenya-style commercial loan between a lender and a borrower business.

Use this free commercial loan agreement (kenya) template to create, fill in and sign a commercial loan agreement (kenya) online. Send to the other party for a legally binding signature — tamper-evident audit trail included.

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How to use the Commercial Loan Agreement (Kenya) template

  1. Open the template — Open the Commercial Loan Agreement (Kenya) template — the fields are laid out and ready, so you don't start from a blank page.
  2. Fill in your details — Type in the names, dates and terms. Adjust any wording to fit your situation; the layout updates as you go.
  3. Send for signature — Add the other party's email and send it for a legally binding e-signature, with a tamper-evident audit trail.

Template preview

COMMERCIAL LOAN AGREEMENT

This Loan Agreement is made on [date] between [lender name] ("Lender") and [borrower name] ("Borrower"), both having places of business in the Republic of Kenya.

1. Loan Amount

Lender will advance KSh [loan amount] to Borrower on or before [disbursement date] by transfer to [borrower bank details].

2. Interest

Interest accrues at [interest rate pct]% per annum on the outstanding balance. Default rate (post-default): [default rate pct]% per annum. In-Duplum applies.

3. Repayment

Borrower repays in [installment count] equal installments of KSh [installment amount], starting [first installment date]. Final repayment date: [final repayment date]. Payments are without set-off.

4. Security

The Loan is secured by: [security description] (e.g. charge over land registered as [lr number], chattels mortgage over assets listed in Schedule A).

5. Representations & Warranties

Borrower represents that it is duly incorporated in Kenya, has full power to enter this Agreement, and that the Loan does not breach any other obligation.

6. Events of Default

Failure to pay any installment within [cure period days] days of the due date, insolvency, or material breach gives Lender the right to accelerate the Loan and enforce security.

7. Governing Law

This Agreement is governed by the laws of the Republic of Kenya. Disputes are referred to the courts at Nairobi.

Frequently asked questions

Is this Commercial Loan Agreement (Kenya) template free?

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Is a signed commercial loan agreement (kenya) legally binding?

Yes. Signatures made with PDF Verified comply with the US ESIGN Act, eIDAS (EU), UETA and equivalent e-signature laws in 190+ countries, and every signed document carries a tamper-evident SHA-256 seal and audit trail.

Can I edit the Commercial Loan Agreement (Kenya) template?

Yes. The template is a starting point — change any text, add or remove fields, and place signature, date or stamp fields wherever you need them.

Do I need an account?

You can start filling it in right away. An account is only needed to send for signature, save, or download the sealed copy.

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