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Offers an opportunity to overdraw your current account up to an approved limit. The limit is available for a maximum of 3 months.

Benefits

Flexible Duration

The limit is available for usage up to 3 months pending conversion to Permanent overdraft.

Flexible Collateral

Lien over existing collateral or a simple deposit collateral held at the Branch.

Amount

A temporary amount of up to Kes 50M available.

What We Need From You*

  • The business must have banked with KCB for a minimum 24 months.
  • 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.

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Permanent Overdraft

Offers opportunity to overdraw the account up to an approved limit. The limit remains active for a duration of up ...

Learn more about Permanent Overdraft