The Bank will facilitate the acquisition of assets by customers using the financed asset as the security at an agreed rate over an agreed period.
View Asset Based Financing DetailsVehicles, Plant Machinery, Office and Printing equipment, Generators.
Classified as moveable assets at the discretion of the Bank, UGX, USD, (depending on currency of cashflows).
Bridge short term working capital needs.
Acquisition of Assets.
Scale up business i.e., expansion and modernization of business.
IPF is a short-term loan product designed to pay for non-life insurance premiums to an insurance company on behalf of a bank customer. The bank pays the customer’s insurance premium to the insurance company and then receives monthly repayments from the clients until the facility is fully paid (Max.10) months.
View Insurance Premium FinanceIPF covers borrowing customers and non borrowing clients who have assets to insure.
IPF for Non-borrowing customers shall always be Guaranteed by the insurer. KCB Bank will be registered in the policy as the financier as well as having the right to terminate the policy and receive the refund of the unutilized premium.
If a borrowing customer defaults, the discretion on when to call on the guarantee is left to the bank as the bank stands to lose should cancellation be done.
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