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Supports international business by facilitating importation of business assets.
The bank provides the opportunity to business customers to import assets under letters of credit terms then convert to assets once it has arrived in the country.

Benefits

Convenience Repayment Period

Importation window of up to 6 months before its converted to asset finance.

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

The asset being imported will act as collateral.

What We Need From You*

  • Minimum 6 months banking with KCB or 12 months statement from your Bank for new to Bank customers.
  • Importation documents or agreement.
  • Complete SME loan business application Form.
  • Colored passport photo.
  • Business license or permit where applicable.
  • 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 charges, security perfection, Guarantee, insurance etc.: based on agreement between customer and service provider.

Interested in Letters of Credit or have a question?

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Guarantees

The Bank finances different forms of Guarantee which includes Bid/Tender Bonds, Performance, payment and financial...

Learn more about Guarantees