{"id":7821,"date":"2024-06-06T10:08:17","date_gmt":"2024-06-06T10:08:17","guid":{"rendered":"https:\/\/discountcapital.co.ke\/?page_id=7821"},"modified":"2025-11-04T13:21:40","modified_gmt":"2025-11-04T13:21:40","slug":"cheque-discounting-in-kenya","status":"publish","type":"page","link":"https:\/\/discountcapital.co.ke\/cheque-discounting-in-kenya\/","title":{"rendered":"Cheque Discounting"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1717671265613{padding-top: 200px !important;padding-bottom: 150px !important;background-image: url(https:\/\/discountcapital.co.ke\/wp-content\/uploads\/2023\/06\/services23.webp?id=7522) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;50px&#8221;]<header class=\"kd-section-title col-lg-12 text-left  kd-animated fadeIn  \" data-animation-delay=200><h2 class=\"separator_off\" style=\"color: #ffffff;font-size: 42px;\">Access cheque discounting in Kenya for up to 90% (KES 7M)!<\/h2><h6 class=\"subtitle \" style=\"color: #ffffff;\">Unlock seamless cash flow with our Cheque Discounting Facility, tailored for SMEs, individual traders, and sole proprietors awaiting invoice payments. Keep your business running smoothly with financing limits from KES 100,000 to KES 7,000,000.<\/h6><\/header>[vc_empty_space height=&#8221;10px&#8221;]<a  href=\"#Contact-us\" class=\"tt_button tt_primary_button btn_primary_color  pull-left button-scroll-to-section icon_right kd-animated zoomIn btn-smooth-scroll\" data-animation-delay=200><span class=\"prim_text\">Check Qualification<\/span><span class=\"fas fa-caret-down iconita\"><\/span><\/a>[\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1717670365365{padding-top: 20px !important;padding-right: 40px !important;padding-bottom: 20px !important;padding-left: 40px !important;background-color: #ffffff !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;]<header class=\"kd-section-title col-lg-12 text-center  kd-animated fadeIn  \" data-animation-delay=200><h2 class=\"separator_off\" style=\"color: #232959;font-size: 27px;\">Get Started Now<\/h2><\/header>[vc_column_text css=&#8221;&#8221;]<div class=\"forminator-ui forminator-custom-form forminator-custom-form-7981 forminator-design--default  forminator_ajax\" data-forminator-render=\"0\" data-form=\"forminator-module-7981\" data-uid=\"69e7540423aea\"><br\/><\/div><form\n\t\t\t\tid=\"forminator-module-7981\"\n\t\t\t\tclass=\"forminator-ui forminator-custom-form forminator-custom-form-7981 forminator-design--default  forminator_ajax\"\n\t\t\t\tmethod=\"post\"\n\t\t\t\tdata-forminator-render=\"0\"\n\t\t\t\tdata-form-id=\"7981\"\n\t\t\t\t data-color-option=\"theme\" data-design=\"default\" data-grid=\"open\" style=\"display: none;\"\n\t\t\t\tdata-uid=\"69e7540423aea\"\n\t\t\t><div role=\"alert\" aria-live=\"polite\" class=\"forminator-response-message forminator-error\" aria-hidden=\"true\"><\/div><div class=\"forminator-row\"><div id=\"name-1\" class=\"forminator-field-name forminator-col forminator-col-12 \"><div class=\"forminator-row forminator-no-margin\" data-multiple=\"true\"><div class=\"forminator-col forminator-col-md-6\"><div class=\"forminator-field\"><label for=\"forminator-field-first-name-1_69e7540423aea\" id=\"forminator-field-first-name-1_69e7540423aea-label\" class=\"forminator-label\">First Name <span class=\"forminator-required\">*<\/span><\/label><input type=\"text\" name=\"name-1-first-name\" placeholder=\"\" id=\"forminator-field-first-name-1_69e7540423aea\" class=\"forminator-input\" aria-required=\"true\" data-multi=\"1\" autocomplete=\"given-name\" value=\"\" \/><\/div><\/div><div class=\"forminator-col forminator-col-md-6\"><div class=\"forminator-field\"><label for=\"forminator-field-last-name-1_69e7540423aea\" id=\"forminator-field-last-name-1_69e7540423aea-label\" class=\"forminator-label\">Last Name<\/label><input type=\"text\" name=\"name-1-last-name\" placeholder=\"\" id=\"forminator-field-last-name-1_69e7540423aea\" class=\"forminator-input\" aria-required=\"false\" data-multi=\"1\" autocomplete=\"family-name\" value=\"\" \/><\/div><\/div><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"phone-1\" class=\"forminator-field-phone forminator-col forminator-col-6 \"><div class=\"forminator-field\"><label for=\"forminator-field-phone-1_69e7540423aea\" id=\"forminator-field-phone-1_69e7540423aea-label\" class=\"forminator-label\">Phone: <span class=\"forminator-required\">*<\/span><\/label><input type=\"text\" name=\"phone-1\" value=\"\" placeholder=\"\" id=\"forminator-field-phone-1_69e7540423aea\" class=\"forminator-input forminator-field--phone\" data-required=\"1\" aria-required=\"true\" autocomplete=\"off\" \/><\/div><\/div><div id=\"email-1\" class=\"forminator-field-email forminator-col forminator-col-6 \"><div class=\"forminator-field\"><label for=\"forminator-field-email-1_69e7540423aea\" id=\"forminator-field-email-1_69e7540423aea-label\" class=\"forminator-label\">Email Address: <span class=\"forminator-required\">*<\/span><\/label><input type=\"email\" name=\"email-1\" value=\"\" placeholder=\"\" id=\"forminator-field-email-1_69e7540423aea\" class=\"forminator-input forminator-email--field\" data-required=\"1\" aria-required=\"true\" autocomplete=\"email\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"select-1\" class=\"forminator-field-select forminator-col forminator-col-6 \"><div class=\"forminator-field\"><label for=\"forminator-form-7981__field--select-1_69e7540423aea\" id=\"forminator-form-7981__field--select-1_69e7540423aea-label\" class=\"forminator-label\">Select Product <span class=\"forminator-required\">*<\/span><\/label><select  id=\"forminator-form-7981__field--select-1_69e7540423aea\" class=\"forminator-select--field forminator-select2 forminator-select2-multiple\" data-required=\"1\" name=\"select-1\" data-default-value=\"Select-Product\" data-hidden-behavior=\"zero\" data-placeholder=\"Please select an option\" data-search=\"false\" data-search-placeholder=\"Please select an option\" data-checkbox=\"false\" data-allow-clear=\"false\" aria-labelledby=\"forminator-form-7981__field--select-1_69e7540423aea-label\"><option value=\"\"  >Please select an option<\/option><option value=\"Select-Product\" selected=\"selected\" data-calculation=\"0\">Select Product<\/option><option value=\"one\"  data-calculation=\"0\">Invoice Discounting<\/option><option value=\"two\"  data-calculation=\"0\">Cheque Discounting<\/option><option value=\"LPO-Financing\"  data-calculation=\"0\">LPO Financing<\/option><option value=\"Short-Term-Business-Loan\"  data-calculation=\"0\">Short Term Business Loan<\/option><option value=\"Bonds\"  data-calculation=\"0\">Bonds<\/option><option value=\"Letters-Of-Credit\"  data-calculation=\"0\">Letters Of Credit<\/option><option value=\"Leasing-Finance\"  data-calculation=\"0\">Leasing Finance<\/option><option value=\"Import-Duty-Financing\"  data-calculation=\"0\">Import Duty Financing<\/option><option value=\"Structured-Trade-Finance\"  data-calculation=\"0\">Structured Trade Finance<\/option><option value=\"Insurance-Premium-Financing\"  data-calculation=\"0\">Insurance Premium Financing<\/option><\/select><\/div><\/div><div id=\"text-1\" class=\"forminator-field-text forminator-col forminator-col-6 \"><div class=\"forminator-field\"><label for=\"forminator-field-text-1_69e7540423aea\" id=\"forminator-field-text-1_69e7540423aea-label\" class=\"forminator-label\">Amount Needed: <span class=\"forminator-required\">*<\/span><\/label><input type=\"text\" name=\"text-1\" value=\"\" placeholder=\"\" id=\"forminator-field-text-1_69e7540423aea\" class=\"forminator-input forminator-name--field\" data-required=\"1\" \/><\/div><\/div><\/div><div class=\"forminator-row\"><div id=\"captcha-1\" class=\"forminator-field-captcha forminator-col forminator-col-12 \"><div class=\"forminator-captcha-left forminator-g-recaptcha\" data-theme=\"light\"  data-sitekey=\"6Lc3MvonAAAAAHl474-aKA1YhA_ukVbu0GoKnKak\" data-size=\"normal\"><\/div> <\/div><\/div><input type=\"hidden\" name=\"referer_url\" value=\"\" \/><div class=\"forminator-row forminator-row-last\"><div class=\"forminator-col\"><div class=\"forminator-field\"><button class=\"forminator-button forminator-button-submit\">Submit Now<\/button><\/div><\/div><\/div><input type=\"hidden\" id=\"forminator_nonce\" name=\"forminator_nonce\" value=\"c1eaecedda\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/jsoncall\/wp\/v2\/pages\/7821\" \/><input type=\"hidden\" name=\"form_id\" value=\"7981\"><input type=\"hidden\" name=\"page_id\" value=\"7821\"><input type=\"hidden\" name=\"form_type\" value=\"default\"><input type=\"hidden\" name=\"current_url\" value=\"https:\/\/discountcapital.co.ke\/cheque-discounting-in-kenya\/\"><input type=\"hidden\" name=\"render_id\" value=\"0\"><input type=\"hidden\" name=\"action\" value=\"forminator_submit_form_custom-forms\"><\/form>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1717843790150{padding-top: 50px !important;padding-bottom: 50px !important;background-color: #f5f5f5 !important;}&#8221;][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/6&#8243; offset=&#8221;vc_hidden-xs&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;]<header class=\"kd-section-title col-lg-12 text-center  kd-animated fadeIn  \" data-animation-delay=200><h2 class=\"separator_off\" style=\"color: #232959;\">3-Step process to guarantee your business continuity. Pay back in 60 days.<\/h2><\/header>[vc_column_text]As part of <a href=\"https:\/\/discountcapital.co.ke\/receivable-based-financing\/\" target=\"_blank\" rel=\"noopener\">receivable-based financing products<\/a>, our cheque discounting facility is a flexible solution to guarantee your business success.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/6&#8243; offset=&#8221;vc_hidden-xs&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1539608429392{padding-top: 40px !important;}&#8221;][vc_column_inner]\r\n            <div class=\"kd-process-steps process_three_elem process-checkbox-template \">\r\n                <ul>\r\n                <li class=\"pss-item kd-animated fadeIn \"  >\r\n                    <div class=\"pss-container\"><div class=\"pss-step-number\"><span >1<\/span><\/div><div class=\"pss-text-area\">\r\n                            <h5 >Check Qualification Online<\/h5>\r\n                            <p >Use our simple online form to verify qualification for financing. Takes less than 3 minutes to finish.<\/p><\/div>\r\n                    <\/div>\r\n                <\/li>\r\n                <li class=\"pss-item kd-animated fadeIn \"  data-animation-delay=200>\r\n                    <div class=\"pss-container\"><div class=\"pss-step-number\"><span >2<\/span><\/div><div class=\"pss-text-area\">\r\n                            <h5 >Meet with our representative<\/h5>\r\n                            <p >Once you are prequalified, a representative will schedule an appointment and review your KYC documents so you make your application.<\/p><\/div>\r\n                    <\/div>\r\n                <\/li>\r\n                <li class=\"pss-item kd-animated fadeIn \"  data-animation-delay=400>\r\n                    <div class=\"pss-container\"><div class=\"pss-step-number\"><span >3<\/span><\/div><div class=\"pss-text-area\">\r\n                            <h5 >Funds Deposited<\/h5>\r\n                            <p >Once your application is reviewed and approved, the funds will be deposited to your account to keep your business on track.<\/p><\/div>\r\n                    <\/div>\r\n                <\/li><\/ul>\r\n            <\/div>[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1717844883103{padding-top: 50px !important;background-color: #f4fbff !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column][vc_row_inner][vc_column_inner width=&#8221;1\/6&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;2\/3&#8243;]<header class=\"kd-section-title col-lg-12 text-center  kd-animated fadeIn  \" data-animation-delay=200><h2 class=\"separator_off\" style=\"color: #232959;\">What else should you know about our cheque discounting service?<\/h2><\/header>[\/vc_column_inner][vc_column_inner width=&#8221;1\/6&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1717844936904{padding-bottom: 50px !important;background-color: #f4fbff !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column width=&#8221;1\/12&#8243; css=&#8221;.vc_custom_1515752113308{padding-right: 0px !important;padding-left: 0px !important;}&#8221;][\/vc_column][vc_column width=&#8221;5\/6&#8243;][vc_toggle title=&#8221;Our Limit Maintenance&#8221; css_animation=&#8221;none&#8221;]<\/p>\n<ul>\n<li>For New Customers and New Procuring Entity &#8211; Limit will be available for 6 months then renewed for 6 months. Thereafter, the limit will be renewed annually upon which fresh bank statements will be submitted.<\/li>\n<li>For New Customer and Existing Procuring Entity &#8211; Limit will be available for 6 months then renewed for 6 months. Thereafter, the limit will be renewed annually upon which fresh appraisal will be carried out.<\/li>\n<li>For Existing Customer and Existing Procuring Entity &#8211; Limit will be available 12 months and thereafter be renewed annually upon which fresh appraisal will be carried out.<\/li>\n<li>For Existing Customer\/ New Procuring Entity &#8211; The credit Limit will be available 12 months and thereafter be renewed annually upon which fresh bank statements will be submitted.<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_toggle title=&#8221;What Application Documents Are Required?&#8221;]<\/p>\n<ul>\n<li>Duly filled application form<\/li>\n<li>Copy of National ID\/ Passport<\/li>\n<li>Copy of MemArts \/ CR1 &amp; CR2<\/li>\n<li>Copy of certificate of Incorporation<\/li>\n<li>Copy of the PIN Certificate of company and directors.<\/li>\n<li>Copy of Trading License\/ Copy of utility bills (Electricity or water).<\/li>\n<li>2 Passports size photo.<\/li>\n<li>Bank \/M-Pesa statements for last 6 months<\/li>\n<li>Company profile (when available)<\/li>\n<li>Management books Accounts (when available)<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_toggle title=&#8221;What Discount Rates Applies?&#8221;]<\/p>\n<ul>\n<li>90% (Balance to be wired to the customer upon successfully banking the cheque)<\/li>\n<li>Exceptional higher or lower discount rate may be considered subject to risk profile of drawer in case it is Procuring Entity already approved by DCL<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_toggle title=&#8221;How Long is the Repayment Period?&#8221;]Our cheque discounting in Kenya service is accessible for a maximum of sixty\/60 days.[\/vc_toggle][vc_toggle title=&#8221;What Qualification Criteria Applies?&#8221;]<\/p>\n<ul>\n<li>The Business must have operated for at least 1 year<\/li>\n<li>For individual customers minimum age of 21 years<\/li>\n<li>Has banked with current bankers for at least 6 months.<\/li>\n<li>Maximum three unpaid items in the last 6 months<\/li>\n<li>Maximum two excess drawings in the last 6 months<\/li>\n<li>No past due LCs, loan or interest arrears in the last 6 months<\/li>\n<li>Regular and consistent credits in the account for last 3 months. Credit turnover should not show declining trend.<\/li>\n<li>The business should not be in prohibited list as defined in Credit Policy<\/li>\n<li>Client must have received payments from the drawer of the cheque not less than three times, this should also reflect in the statements provided<\/li>\n<\/ul>\n<p>[\/vc_toggle][\/vc_column][vc_column width=&#8221;1\/12&#8243;][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; equal_height=&#8221;yes&#8221; kd_top_separator_style=&#8221;rounded-up&#8221; kd_top_separator_height=&#8221;separator-height-medium&#8221; kd_top_separator=&#8221;true&#8221; kd_top_separator_bg=&#8221;#f4fbff&#8221; css=&#8221;.vc_custom_1717844959451{margin-bottom: 60px !important;padding-top: 80px !important;padding-bottom: 80px !important;}&#8221; el_id=&#8221;Contact-us&#8221;][vc_column]<header class=\"kd-section-title col-lg-12 text-center  kd-animated fadeIn   vc_custom_1693817243825\" data-animation-delay=200><h2 class=\"separator_off\" style=\"color: #232959;\">Apply for finance now<\/h2><h6 class=\"subtitle \" style=\"color: #232959;font-size: 18px;\">Use the form to check if you qualify for our financing.<\/h6><\/header>[vc_empty_space][vc_row_inner css=&#8221;.vc_custom_1693053855578{padding-top: 50px !important;padding-bottom: 90px !important;border-radius: 35px !important;}&#8221; el_class=&#8221;with-shadow&#8221;][vc_column_inner css=&#8221;.vc_custom_1693053770061{padding-right: 40px !important;padding-left: 40px !important;border-radius: 1px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]<form id=\"forminator-module-7970\" class=\"forminator-custom-form forminator-custom-form-7970\" method=\"post\" data-forminator-render=\"0\" data-uid=\"69e754043214c\"><div role=\"alert\" aria-live=\"polite\" class=\"forminator-response-message forminator-error\" aria-hidden=\"true\"><\/div><\/form>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1717844846156{padding-top: 80px !important;padding-bottom: 80px !important;background-color: #f4fbff !important;}&#8221;][vc_column css=&#8221;.vc_custom_1515677064675{padding-right: 0px !important;padding-left: 0px !important;}&#8221;][vc_row_inner][vc_column_inner]<header class=\"kd-section-title vc_col-lg-6 vc_col-sm-8 text-center  kd-animated fadeIn   vc_custom_1717845145840\" data-animation-delay=200><h2 class=\"separator_off\" >Latest news reads on cheque discounting in Kenya<\/h2><h6 class=\"subtitle \" style=\"font-size: 18px;\">Explore our blog for insightful articles on cheque discounting in Kenya including trends, news and more<\/h6><\/header>[\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1541417551563{padding-bottom: 100px !important;}&#8221;][vc_column_inner][vc_basic_grid post_type=&#8221;post&#8221; max_items=&#8221;3&#8243; item=&#8221;4339&#8243; grid_id=&#8221;vc_gid:1762261535130-96b22739-17b0-8&#8243; taxonomies=&#8221;18&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1717671265613{padding-top: 200px !important;padding-bottom: 150px !important;background-image: url(https:\/\/discountcapital.co.ke\/wp-content\/uploads\/2023\/06\/services23.webp?id=7522) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_empty_space height=&#8221;50px&#8221;][vc_empty_space height=&#8221;10px&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7825,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-7821","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/pages\/7821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/comments?post=7821"}],"version-history":[{"count":10,"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/pages\/7821\/revisions"}],"predecessor-version":[{"id":7984,"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/pages\/7821\/revisions\/7984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/media\/7825"}],"wp:attachment":[{"href":"https:\/\/discountcapital.co.ke\/jsoncall\/wp\/v2\/media?parent=7821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}