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The Bank finances different forms of Guarantee which includes Bid/Tender Bonds, Performance, payment and financial guarantee & shipping guarantee. Also included are Custom and Transit bonds.

Benefits

Convenience Tenure

A tenue of up to 12 months with an automatic renewal on customer’s request.

Flexible Collateral

Various forms of collateral are allowed, legal charge, logbook, cash cover, debentures, stock etc.

Competitive Pricing

A negotiated pricing dependent on amount and risk factor.

What We Need From You*

  • Minimum 6 months banking with KCB or 12 months statement from your Bank for new to Bank customers.
  • Guarantee paper request.
  • 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*

  • Processing Fee: up to a maximum 4% depending on industry.
  • 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 charges, security perfection, Guarantee, insurance etc.: based on agreement between customer and service provider.

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