Import Duty Finance is a short term Trade Finance facility offered by Family Bank to importers of goods and services and usually with duration of 180 days or less.
- Amount Financed; 100% of correctly calculated Duties and Taxes as per KRA’s guideline.
- Minimum amount kshs 50, 000.00. No maximum.
- This is a short term Trade Finance product usually with duration of 180 days or less.
- Assist the importers to avoid high Port, Storage and Demurrage charges
- Assist Importers avoid auction of their property at the port.
- Can be financed at any of our Family Bank branches countrywide.
- Must be an importer of authorised goods and services in Kenya e.g raw materials, machinery, electronics, ‘Mitumba’, etc
- Importers of Second Hand Motor Vehicles (Individuals, Companies or Motor Vehicle Dealers)
- Import Duty Finance facility