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SME customers with short term working capital needs.

Benefits

Bridge Short Term Working Capital Needs

Bridge short term working capital needs.

Acquisition of Assets

Acquisition of assets.

Business Scale Up

Scale up business i.e., expansion and modernization of business.

Quick Loan Processing

Quick turnaround time in terms of loan processing

Greater Financial Flexibility

Offers greater financial flexibility to the customer.

No Security Required

No security required.

Unsecured Amount of up to UGX 50M

Unsecured amount of up to UGX 50M.

Upto 3 Days Turnaround Time

Turnaround time within 3 days.

Borrow up to 60% of your Average Monthly Turnover

You can borrow up to 60% of your average monthly turnover.

Relationship Manager

Dedicated Relationship Manager

Features

  • Target market - Traders.
  • Maximum tenor -180 days.
  • Prime +8= 29%.
  • Negotiation fee 3%.
  • Loan application fees of 50,000 paid upfront on customer's account.
  • Discounting factor - 60% of the average monthly turnover; KCB account subject a to a maximum of UGX 50M.
  • For schools - 60% of the average termly balance for schools/educational institutions that bank at KCB subject to a maximum of UGX 50M.
  • Minimum of twelve months banking period with KCB Monthly repayments.
  • Two guarantors.
  • A trust guarantee for loans in the agriculture value chain.
  • Minimum amount offered is UGX 5,000,000.
  • Repayable through good account deposits.
  • Interest is linked to the bank’s prime lending rate and charged on declining balance.

What We Need From You*

  • Photos of the business.
  • Chattel and an elaborate location map of the customer’s residence.
  • Elaborate call report witnessed by the Branch Manager.
  • Banking history - 6 months with KCB bank.
  • Include other standard KYC documents.
  • Completed facility application form.
  • Good account turnover.
  • Payment of loan processing fees.
  • Financial card.
  • Passport sized photo for directors (where applicable).
  • Valid identification card.
  • Valid trading license.
  • Board resolution to borrow (for limited companies).
  • Company registration documents (where applicable).
  • LC letters from area of operation and residence of borrower.
  • Any other information as may be requested by the bank depending on the nature of the request.

Interested in Short Term - STA or have a question?

I am an existing KCB Bank customer

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