About Invoice Discounting
This product is available to registered businesses or corporates running small and medium business. The facility is granted to fund working capital needs by availing funds to unlock the capital held in unpaid invoices. The facility is only availed to clients with invoices from reputable institutions and is secured by either an executed MOU with the paying institution or a motor vehicle. Easycash Capital finances up to a maximum of 70% of the invoice value (exclusive of VAT, Excise Duty or Taxes).
Key Features
Registration fee: KES 1,000
Commitment Fees: 5%
Credit Life insurance: 0.083% per month
Up to 70% invoice value
90 days maximum tenure
Reputable institution invoices only
Requirements
Registered business
Valid invoices from reputable institutions
MOU with paying institution or vehicle security
Business registration documents
Invoice documentation
