Under vehicle and Asset Finance, KCB facilitates the acquisition of movable assets such as vehicles, equipment, plant and Machinery. One will pay a minimum deposit of 20% of the cost of the asset. Repayment is by way of monthly installments Comprising the capital value plus profit over an agreed financing term. Ownership of the asset automatically passes on to client upon receipt by KCB of the final payment.
Shari’ah contract: Diminishing Musharaka.
What We Need From You*
- Duly filled KCB application form.
- Proforma Invoice from seller or supplier.
- Recent valuation report.
- Copy of log book.
- Certified copies of Directors’ ID and KRA PIN certificates.
- Certified copies of Certificates of Incorporation and PIN.
- Company Memos and Articles of Association.
- Last 12 months Bank statements (For non KCB customers.
Target Audience
- All cadre of customers.
