Sometimes your payments to your suppliers fall due before you are paid by your customers. With the Post-Import Finance Facility, KCB will bridge the financing gap and give you flexibility with additional time on your credit.
The Bank allows its client an undisclosed extended credit period, allowing for negotiation for better rates with the seller.
Enjoy lower lending rate (LIBOR, plus a small margin).
Used by importers to pay the LC Bills as they fall due instead of debiting the current account.
It is ideal to use when client account is not in credit balance as the fees charged are much lower than the O/D.
