Cheque Discounting
Have you ever needed cash now against a post- dated cheque from a reputable company? For a small commission we will give you the cash you urgently require at the moment you need it most. This ensures continuous flow of your business working capital which would otherwise be affected awaiting the cheque to complete the clearing cycle.
Features
- Maximum Loan – 90% of value of cheque upto a maximum of Ksh.400,000
- Minimum loan – Ksh.50,000
- Maximum Term – 2 months
Requirements
- Cheque being discounted
- Copy of an acknowledged invoice or payment voucher, to support the payment
- Copy of company certificate of incorporation/ Business Registration certificate
- PIN certificate of the Company/ Business
- ID copy and PIN certificate copy of the director(s)/ owner(s)
- Six months certified bank statements for the company/ business
- Duly filed and signed business loan application form
- Duly filed and signed loan agreement
Term
- Repayment period ranges from one (1) to two (2) months
Applying for a Cheque Discounting is extremely simple. You can ring our offices during working hours on +254790309958 or fill out the online application form below.
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