Be the First to get refreshing services here at iKonnect hubMore Details
Our lending solutions could help you get there
Gain access to resources for the acquisition of moveable and identifiable assets to improve your production capacity.
Improving production capacity of your business requires acquisition of assets. The upfront investment required may at times be beyond your reach.
With Credit Bank’s Asset Financing, you gain access to resources for the acquisition of moveable and identifiable assets. Some of these assets include saloon cars, commercial vehicles, trailers, agricultural equipment (e.g. tractors), office equipment, industrial equipment and contractor specialized equipment.
The asset being financed must not be more than 8 years old and you access up to 80% of the value of the asset. For specialized equipment-bank finances up to 50% of the value of asset .
The applicable rate is on reducing balance.
Achieve more with your Asset Finance
Get repayment periods that match your needs, up to a maximum of 60 months (5 years).
Existing Credit Bank current account customers could receive the money instantly once your application has been approved and the loan agreement has been signed.
Manage your finances the way you want with the flexibility to overpay, which could reduce the amount of interest you have to pay.
If you've got a Credit Bank current account you can get an instant credit decision, while non-Credit Bank current account customers should get a credit decision in 2 to 5 working days.
Receive personalized guidance & advice on our comprehensive salary account offerings.
Enjoy the convenience of free access to select centers, providing you with exclusive perks and services at no additional cost.
Eligibility parameters for Asset Finance
Kenyan Citizens and Foreigners.
18 Years old or above
Proof of Residence (utility bill or lease agreement)
Basic documents required to get Asset Finance
Find answers to all your queries about our service.
Here’s what we consider when you apply for a loan – whether your income is high enough to make the payments, your credit score, and how long you’ve banked with us. You also need to have a current account with us, live in Kenya and be 18 or over.
You can pay off your Asset Finance early – if you do this, you’ll pay the outstanding balance, as well as any other interest that’s due.
f you fall behind on your payments, we’ll charge you fees for late payments. This could also impact your credit score. Give us a call if you’re having trouble making your repayments
We don’t offer Asset Finance for a number of purposes including: Gambling Sharedealing
Empowering you to grow takes a special place at the heart of our operations. elev8HER is designed just for you and offers more than just financial solutions. We seek to be the friend you can bank on for your growth. Join elev8HER today and get exclusive access to:
With elev8HER, we have curated our motor vehicle insurance options just for you. We have the following options:
This insurance cover indemnifies you in respect of accidental damage including collision, fire, theft of the vehicle and third party liabilities.
This is a comprehensive insurance that covers your property against any accidental and unforeseen loss or damage. It offers a wide range of unique benefits depending on your needs. The following policies are available under this class among others:
This cover is suitable for you and your employees. You can now have peace of mind together with your employees with our medical cover. Credit Afya Health product is designed for both individuals and SMEs and offers the following:
Travelling the world? This cover is for you if you are travelling for leisure or business and offers you the following:
The cost of this cover is normally dependent on number of days of travel, country of destination, country of destination, your age and type of visit.
eHub is a platform designed to enable your small and medium sized enterprise (SMEs) scale and become competitive across industries. eHub provides a platform for you to network, learn and do business. Non-financial service package include access to e-hub for free/discounted rates:
Learn more here.
If you have run a small and growing enterprise for at least three years, this term loan is designed to meet your financing needs.
If you have run a micro and small enterprise between one and three years, this term loan is designed to meet your financing needs.
Sometimes cashflows are tight. This solution is meant to ease your cash operations in the short term. Access this financing with your LPO/LSO contracts. Open an elev8HER account for business transactions to build your business banking record.
Need quick cash? CB Konnect, our mobile banking app, gives you access to quick loans based on your transaction history with no security required.
HER Personal Account features:
HER Business Account features: