This is a loan facility that enables customers to purchase commercial and farm machinery and equipment such as green houses, irrigation kits, oil processing equipment, chaff cutters, tractor implements, trucks for transport produce e.g. cereals, milk etc.
- Loan amount of up to 250M
- Asset to be used as collateral
- 10% contribution for new assets, 30% for new tractors
- 20% contribution for used assets, 40 % for used tractors
- Loan duration up to 60 Months, 36 months for tractors.
- Insurance offered by KCB Insurance
What we need from you*
- Borrower must be in commercial farming/trading activity for at least 1 year
- Must be an active KCB account holder for the at least 3 months or provide a 6 months bank statement for non KCB customers.
*A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords. Remember, PIN yako siri yako.
Loan Rates & Fees*
- Interest charged at CBR+4%
- Negotiation fee charged at 3%
*Charges are not inclusive of tax