Invoice Discounting

This unique solution offers you financial backing against issued invoices, while you await payment.

Benefits

  • Financing available from  100,000 - 2,000,000  Max-80%
  • Transaction financing for specific invoices, confirmed invoice, delivery note, domicile letter, executed assignment of receivables. The invoice is the security.
  • Invoices from KCB vetted relationships will be considered
  • KCB customer- Min 6 Months existing relationship
  • Interest rate 2.5% PM 90 days
  • Paid direct to customers account
  • Finance up to 80% of face value
  • Competitive interest rates
  • Available for invoices from the government, parastatals and reputable organizations
  • Maximum discount period of 90 days

Qualifying Criteria

  • Invoice(s) jointly stamped and certified by the seller and the buyer. 
  • Delivery note(s) jointly stamped and certified by the seller and the buyer.
  • Copy of the contract and/or Copy of purchase order jointly stamped and certified by the seller and the buyer.
  • Where a contract is involved, a certificate of completion
  • Bank statements for the last 6 months (for non-customers).
  • Undertaking by employer to channel the funds to a nominated account held at KCB.
  • Valid Business permit or trading license
  • Business Registration Identification
  • Restricted for invoices from KCB existing Business relationships 

Rates & Fees

  • 3% fees on discounted amount.


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