Asset Finance

This short term solution allows you to expand and modernize your business by acquiring assets for immediate use, without committing valuable capital or savings right away.

Financing is available for:

Schools and Learning Institutions

Benefits

  • Schools are not subjected to turnover criteria
  • Convenient means of acquiring assets e.g. School buses

Requirements

  • O.G minutes approving purchase of the bus
  • Consent from Ministry of Education
  • Zero deposit
  • Repayment period of 24 to 60 months
  • School registration Certificate- Ministry of Education
  • Bank statements of one year
  • Cash flow projections for 1 year
  • Actual annual revenue collections
  • Vehicle to be fitted with anti-theft device
  • Suppliers of ABF facilities must open KCB accounts for purposes of receiving payments

Sole-Proprietors/Limited Companies

Benefits

  • Reliable and flexible means of acquiring assets e.g. PSV and personal
  • Low deposit of only 30% for PSVs
  • Low deposit of only 10% for personal vehicles

Requirements

  • All Sole-proprietors should apply in their Business Names
  • Loan repayment period for PSV is 24 months
  • The vehicles should be under warranty period of 2 years
  • The applicant should have been in business for a minimum period of 3 years and have a minimum of 2 PSV vehicles
  • All invoices should include tracking device costs
  • Customers requiring IPF to apply by filling the Tripartite Agreement attached to the IPF circular

Heavy Commercial Vehicles, Trucks, Trailers, Pick-Ups and other Commercial Vehicles

  • New Vehicles - 90% finance for maximum 60 months.
  • Used Vehicles – 80% finance for maximum 48 months.
  • New trailers but with P/Mover as collateral at 80% loan of 60 months.

Machinery, Tractors, Heavy Earth Moving Equipments' & Specilized Equipment

  • New machines and equipment 80% financing for maximum of 60 months.
  • Tractors – maximum 50% finance for 24 months any additional finance be covered by additional collateral.
  • Specialized machines – maximum 50% finance for maximum 36 months.
  • IT and Computer Equipment at 70% for 36 months.
  • Heavy earth moving equipment’s for a maximum 80% finance
  • Moratorium period for machines is allowed to facilitate installation and testing.

KCB ‘’Car Loan’’

  • 90 % financed for new vehicles and 80% financed for the used vehicles
  • Maximum loan period 5years new vehicles and 4years for Used vehicle

Dealer Promotion Schemes

  • Up to 95 % financing for new units
  • Maximum loan period 5years for new units.
  • Price of units on promotion is usually pre-negotiated
  • Unique features advised from time to time.

Parliamentary Vehicle Scheme

  • Fast turnaround time as most conditions are easy to meet.
  • Risk Margin to cover death and permanent disability.
  • 100% financing for brand new vehicles.
  • Maximum 54 months repayment period.

Insurance Premium Finance (For Individual, SMEs, Corporates, Brokers)

  • 100 % financing
  • Discounted Interest rates
  • First instalment is paid upfront
  • Loan repayment period of up to 10months
  • Discounted Insurance premiums quoted by KCB Bancassurance

PSV Scheme

  • 80% Financing
  • Maximum 36 months
  • Must be a member of a Sacco

 ABF Apllication Form  IPF Apllication Form

*Terms and conditions will apply

 



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