CHEQUE DISCOUNTING SERVICES
Cheque Discounting
We take care of your short term liquidity by discounting Post Dated Cheques (PDCs)
A credit facility wherein receivables, are in the form of post dated cheques, are discounted with us to obtain funds.
Overview
A comprehensive facility which takes care of your short term liquidity requirement by discounting Post Dated Cheques (PDCs).
Our Cheque Discounting facility offers immediate liquidity access, by discounting the cheques and credits it into your account at the same time.
Cheque discounting product is a revolving funded facility which reduces the company’s cash conversion cycle, and improves liquidity among the year.
Our Cheque Discounting Facilities (CDF) are a flexible funding option designed to support small and medium enterprises (SMEs) by offering immediate liquidity access through discounting their clients’ post-dated cheques. This financial solution ensures a continuous flow of SMEs’ working capital, expand your trading business, and enhance SMEs’ business growth.
Get Your Cash Within An Hour
This service enables you to access cash for your business needs while you await for your cheques to clear. This ensures continuous flow of your business working capital which would otherwise be affected while waiting your cheques to complete the clearing cycle.
Cheque Discounting FAQS
What are the features of Cheque Discounting?
- Maximum Loan – 80% of value of cheque
- Minimum loan – Ksh.50,000
- Maximum Term – 2 months
What are the requirements for Cheque Discounting?
- 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
- Copy of company certificate of incorporation/ Business Registration certificate
What is the Duration for Cheque Discounting?
Repayment period ranges from one (1) to two (2) months