SME

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As any entrepreneur will tell you, SME businesses have their own unique set of needs that require specifically-designed solutions.

SME Banking

Plus Current Account
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Plus Current Account

This is a friendly and convenient banking for your high-transaction business.

Plus Current Ac­count

Product features

No minimum opening balance

• No minimum operating balance

• Monthly ledger fees Kes 350 for first 14 transactions.

• Per Transaction fee Kes 25 applied after 14 transactions

• Available in KES only

Customer Benefits

Free Business Protection Insurance for Balances over KES 50,000 through Chase Assurance

• Access to ODs (Overdrafts)

• Online Banking available

• Access to Chase SME Hubs

• Access to SME Business Portal

Benefit from access to:

  • A debit card
  • A cheque book
  • Our wide ATM network
  • Trade finance and other credit facilities
  • Bundled airtime products from Safaricom
  • Safaricom Mteja (for Safaricom dealers and M-Pesa agents)

There are a variety of ways you can apply for an account with us.

Visit a branch

Find your nearest branch (check here) and talk to one of us.

Request application forms
Request applications forms to be dispatched to you by:
    •    Using our website chat feature (see bottom of the website)
    •    Writing to us (here)
    •    Calling us (see phone numbers at the bottom of website)
    •    Requesting a call you back from us (see the Call Me Back button on the right of the page)


Whichever way works for you, we are looking forward to having you join our list of happy clients and financial partners.

 

Baraka Collection Account
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Baraka Collection Account

Does your business carry out only a low number of transactions per month? If so, you need an account that enables you to effectively pay as you go. The Baraka Collection Account is a friendly and convenient account for your low-transaction business.

Product features

No minimum opening balance

• No minimum operating balance

• Available in multiple currencies

• Pay As You Go – pay only when you transact

Customer benefits

Free Business Protection Insurance for balances over KES 50,000

• Access to ODs (Overdrafts)

• Online Banking available

• Access to Chase SME Hubs

• Access to SME Business Portal

Benefit from access to:

  • A debit card
  • A cheque book
  • Our wide ATM network
  • Trade finance and other credit facilities
  • Bundled airtime products from Safaricom
  • Insurance cover through Chase Assurance
Foreign Currency Current Account
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Foreign Currency Current Account

Does your business handle foreign currencies? If so, then you may have experienced the headache and high cost of managing foreign currencies with a mere Kenya Shilling account. Handling foreign currencies and international transactions need not be a headache anymore. Take advantage of a foreign-currency account, available in all major currencies: US Dollar, Euro and Pound Sterling.

Benefits include access to:

  • A foreign currency prepaid card
  • An allocated foreign exchange dealer to advice on capital market movements
  • A flat fee on incoming funds and telegraphic transfers
  • Advisory services on offshore investments
  • Competitive and negotiable pricing
Bandari Current Account
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Bandari Current Account

With a business that transacts across borders, you need a bank account to match, with convenience and cost-efficiency built-in. The Bandari Current Account is tailored for the Import and Export sector as well as the businesses in the clearing and forwarding supply chain.

Benefits include access to:

  • A debit card
  • A cheque book
  • An overdraft
  • Our wide ATM network
  • Competitive and negotiable pricing on currencies
  • Insurance cover through Chase Assurance
  • Safaricom Mteja (for Safaricom dealers and M-Pesa agents)
Asset Finance
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Asset Finance

Looking to buy equipment to boost your business? A car, farm equipment, machinery, office equipment or a generator? Take advantage of our simple, no-hassle requirements to access the financing you need. In no time you will have the equipment you need to grow your sales and revenues.

Requirements

The borrower should be in that particular business for a minimum of 4 Years.

• The cash flow projections should be broken down to the individual projected cash flows from every vehicle or machinery over theFacility term

Benefits

Lower rates for existing clients

Benefit from:

  • Access to funds in foreign and local currencies
  • Flexible repayment terms
  • Competitive interest rates
  • A quick turnaround time

This service is available to both account-holders and non-account holders

Term Loans
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Term Loans

Almost all businesses (yours too probably) need to borrow at some point in order to grow and expand. Access to long term or short term loans, at competitive rates, is then vital.

Product features

Business must have operated for more than 2 Years

• 6 Months banking history

• Borrower encouraged to move banking to Chase

• Borrower to provide statements from all their bankers and declare all borrowings

• Statements MUST be confirmed

• Borrower must have a physical business address where the business operates from

• Relationship Manager to provide a business verification and client home visit report

• Projected cash flows as supported by contracts and evidence of expected source of payment must show ability to service loan installments.

• For construction loans, Borrower is to provide land for construction as well as 20% of total project cost with a maximum tenor of 15 Years

Customer benefits

Increase in Loan Amount (up to 100 Million)

Larger Loan Amounts of up to 1 Billion depending on business size

• Working Capital Loans approved in 48 Hours

• Lower rates for existing clients

Enjoy the many benefits of our term loans, including:

  • Flexible repayment terms
  • Access to funds in foreign and local currencies
  • Competitive interest rates
  • Flexible security arrangements
  • A quick turnaround time
  • Nil penalty on early repayment of facilities
  • Availability in Shari’ah-compliant Financing
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For SME Banking - Chase bank

Trade Finance

Guarantees / Bonds
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Guarantees / Bonds

It is a written irrevocable undertaking issued by the bank to pay to the beneficiary a specific sum of money on demand in the event that its customer (applicant) has not fulfilled his contractual obligations, within the validity of the guarantee. Guarantees can be local or foreign

This is good for businesses which need tendering and/or having a financial partner that can undertake on their behalf

Key Features & Benefits

  • Specialist support for contracts
  • Helps the development of business
  • Could help to minimize costs.
  • Could help to minimize risk
  • Available in local or freely traded currency

Benefit from access to:

There are a variety of ways you can apply for an account with us.

Visit a branch

Find your nearest branch (check here) and talk to one of us.

Request application forms
Request applications forms to be dispatched to you by:
    •    Using our website chat feature (see bottom of the website)
    •    Writing to us (here)
    •    Calling us (see phone numbers at the bottom of website)
    •    Requesting a call you back from us (see the Call Me Back button on the right of the page)

 

Documentary letters of credit
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Documentary letters of credit

A Letter of Credit (LC) is a facility provided by the bank to its import customers to enable them import the goods and services from abroad without necessarily making payment in advance to the exporter.

It is good for importers & exporters of raw materials, commodities, finished goods and equipment.

Key Features & Benefits 
• Payment is guaranteed by both the issuing bank and the confirming bank as long as compliant documents are presented.
• Mitigates the buyer/country risks
• Can allow multiple/continuous shipments and quality of products and price guaranteed by an independent pre-shipment inspection company
• Allows access to other products e.g. pre-shipment finance and structured finance
• Insures delivery is done within schedule and payment
• Gives you the opportunity to negotiate the terms of trade, especially valuable with the new suppliers

Benefit from access to:

There are a variety of ways you can apply for an account with us.

Visit a branch

Find your nearest branch (check here) and talk to one of us.

Request application forms
Request applications forms to be dispatched to you by:
    •    Using our website chat feature (see bottom of the website)
    •    Writing to us (here)
    •    Calling us (see phone numbers at the bottom of website)
    •    Requesting a call you back from us (see the Call Me Back button on the right of the page)

Standby letters of credit
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Standby letters of credit

Unlike bank guarantees, SBLCs are binding commitments given by us to support trading activities and are payable on specific conditions and not just simple demand. They are good for businesses that require a financial partner that can undertake on behalf of them for ease in running their business operations.

Key Features & Benefits 
• Last longer
• Client obtains credit hence easing increase in liquidity
• Immediate compensation in case of proven default 

Benefit from access to:

There are a variety of ways you can apply for an account with us.

Visit a branch

Find your nearest branch (check here) and talk to one of us.

Request application forms
Request applications forms to be dispatched to you by:
    •    Using our website chat feature (see bottom of the website)
    •    Writing to us (here)
    •    Calling us (see phone numbers at the bottom of website)
    •    Requesting a call you back from us (see the Call Me Back button on the right of the page)

Invoice Discounting/Factoring
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Invoice Discounting/Factoring

Chase Bank will purchase from you an agreed trade debt or other receivables from pre-approved counter parties to improve your cash flows. It is good for businesses which need cash in between their supply and payment cycle and the invoices must be to reputable organizations.

Key Features & Benefits
• Flexible, efficient, non-recourse finance
• Reduce payment risk
• Up to 100% finance available
• Off-balance sheet – leaves any existing borrowing facilities unaffected
• Enables you to offer needed credit terms to your buyer
• Cash provided shortly after shipment, improving cash flow
• Available in a range of currencies
• Export credit insurance not usually required
• Short and medium term credit can be considered, with single or multiple repayments
• Negotiable minimum deal size

Benefit from access to:

There are a variety of ways you can apply for an account with us.

Visit a branch

Find your nearest branch (check here) and talk to one of us.

Request application forms
Request applications forms to be dispatched to you by:
    •    Using our website chat feature (see bottom of the website)
    •    Writing to us (here)
    •    Calling us (see phone numbers at the bottom of website)
    •    Requesting a call you back from us (see the Call Me Back button on the right of the page)

 

Documentary collections
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Documentary collections

Documentary collections are used to facilitate importation/ exportation of goods between two parties. We will liaise with the other party’s bank on your instruction and accept or make payments on your behalf upon receipt of documentation. It is good for importers & exporters of raw materials, commodities, finished goods and equipment.

Key Features & Benefits 
• Cheaper than LC’s in terms of  lower bank charges
• Easy to establish and operate  with shorter processing time- speedy payments
• If documents are against acceptance (DA), allows an importer a period of credit and at the same time assuring exporter of payments
• Drawee has the flexibility on settlement of bills (especially  for documents against acceptance)
• No impact on customer’s credit lines hence simple to operate.

Benefit from access to:

There are a variety of ways you can apply for an account with us.

Visit a branch

Find your nearest branch (check here) and talk to one of us.

Request application forms
Request applications forms to be dispatched to you by:
    •    Using our website chat feature (see bottom of the website)
    •    Writing to us (here)
    •    Calling us (see phone numbers at the bottom of website)
    •    Requesting a call you back from us (see the Call Me Back button on the right of the page)

 

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