Kenya (en)

You might be lookig for?

Commonly Searched pages

For financing acquisition of movable Assets including Motor vehicles, Heavy commercial machinery, Generators & any other movable assets. The Bank finances acquisition of new & used assets as below:
Commercial Vehicles: up to 95% for 72 months.
School buses: 100% financing.
PSV Financing and PSV Sacco Financing: 70% financing with a tenue up to 36 months.
Tractor Financing: 80% financing with a tenue up to 48 months.
Machinery and Specialized and Medical Equipment: up to 80% financing for 60 months.

Benefits

Convenience Repayment Period

A flexible tenue to support the customer.

Available to both KCB and non-KCB Customers

Based on account cash flow with non-KCB customers required to provide 12 months statement from where they are banking.

Flexible Collateral Requirement

Covered by collateral through a joint registration of logbook or chattels mortgage over the asset.

Convenience Repayment Modalities

Monthly and termly payments allowed.

Insurance Premium Financing

Availability of insurance Premium financing.

What We Need From You*

  • Business proceeds to have been channeled through KCB account for a minimum 6 months or 12 months statement from where you are currently banking.
  • Complete SME loan business application Form.
  • Colored passport photo.
  • Business license or permit where applicable.
  • Copy of collateral provided.
  • Three years financial books of account for amount above Kes 5M.

Identification Documents*

  • Individuals: ID original, KRA Pin.
  • Enterprises: Certificate of registration, ID original, KRA Pin for the owner Limited Company: certificate of incorporation, company pin, Board resolution authorizing borrowing, director’s ID &PIN, Memorandum & Articles of Association {CR1,2,8 &12} and company Search.

Rates & Fees*

  • Pricing: Risk based pricing i.e. Banks variable base rate {currently 15.6%} plus a risk margin.
  • Credit Life: 0.34% per annum of the loan advanced by the bank for an individual borrower (Single life) and an additional 0.18% per annum for each additional joint borrower (Joint life).
  • Third party charges: valuation for used asset, security perfection, Guarantee, insurance etc.: based on agreement between customer and service provider.

Interested in Asset Based Finance or have a question?

You might also be interested in:

Image

LPO Financing

Financing to facilitate contractors and suppliers execute their obligations and contracts as per LPO value. The Ba...

Learn more about LPO Financing
Image

Invoice Discounting

Loan facility granted against invoices which are awaiting payments after completion of contract or supply.

Learn more about Invoice Discounting