Healthcare Finance

PARTNERSHIPS FOR BETTER HEALTHCARE

Healthcare Financial Solutions

Healthcare is a vital component of human life. Through technical and financial support for medical institutions, Credit Bank is Improving healthcare access through quality. We understand building your practice can be challenging hence our partnership with Medical Credit Finance1 gives your practice the opportunity to scale, improve on quality and efficiency.

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What You Get

  • Provision of quality technical assistance which will help the health care practitioners in the private sector develop growth strategies and identify the most effective areas of investment beneficial and sustainable to their business and to the communities they serve.
  • Borrowers will benefit from quality assurance from Medical Credit Fund
  • Access to various facilities including:
    • Working capital
    • Medical equipment finance
    • Construction facilities
    • Invoice discounting
    • Supplier finance facilities
    • Insurance premium financing

The Fine Print

  • Eligible to medical practitioners and not-for-profit medical organisations such as hospitals, diagnostic centres, clinics, pharmacies, medical suppliers, medical information systems or education of health workers e.g. nursing schools.
  • Loan amounts range from KES 100,000 – 650 million
  • The loan tenor varies form 3 years – 6 years with reasonable collateral requirements.

Build your Practice

Access financial & technical support for your practice or medical institutions.

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MCF Mobile Lending (PayBill/Till Number)

Credit Bank has partnered with Medical Credit Fund to offer specialised financing for the healthcare sector. This financing is available to your healthcare practice if you already have a PayBill or a Till Number that has been aggregated with us.

Cash Advance

This is designed to sort cash flow problems for medical practitioners in your normal operations. The Cash Advance offers you the following:

  • Apply for loan amounts between KES 10,000 to KES 10 million via mobile phone
  • Interest rate applicable is 2% per month on reducing balance
  • Processing fee is 3%
  • Get a repayment period of up to 6 months
  • Easy repayments through automated deductions from your PayBill
  • No traditional security required as collateral

Asset Finance

Designed to facilitate health centres, clinics and hospitals acquire equipment to increase number of services to patients.

  • Apply for loan amounts between KES 10,000 to KES 10 million via mobile phone
  • Interest rate applicable is 2% per month on reducing balance
  • Processing fee is 3%
  • Get a repayment period of up to 6 months
  • Easy repayments through automated deductions from your PayBill
  • Asset you intend to purchase will be used as collateral for the loan

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More Financing

Get access to quick funds for your healthcare practice through your PayBill/Till Number.

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  1. Credit Bank has partnered with Medical Credit Fund is a fund established in Netherlands under the Pharmacess group, which specializes in offering technical and quality assurance support to the private healthcare sector