Letters of Credit & Documentary Collections

Trade finance instruments that secure payment for imports and exports of goods and equipment.

Active Equity account
KYC documentation – certificate of registration/incorporation or establishing Act/Gazette notice, KRA IN, and IDs/KRA PINs of signatories
Pro-forma invoice / sales contract
Import declaration and supporting documents
Approved credit limit or cash cover

Charges
- Import LC opening commission: 1% per quarter or part thereof (minimum KES 2,000)
- Amendment: KES 2,000 plus SWIFT charges
- Retirement commission: 0.25% (minimum KES 2,000, maximum KES 10,000)
- Acceptance commission: 1% per quarter or part thereof (minimum KES 2,000)
- Document handling: KES 500
- SWIFT: KES 1,500 (short message) / KES 3,000 (long message)
- Charges are exclusive of excise duty
Potential Risks
- Discrepant documents delaying payment
- Exchange-rate movements
Transaction Process
- Application
- Credit review & approval
- Security/Cash cover
- Issuance
- Monitoring
- Cancellation/return

Loan amount

Loan duration in months

Interest Rate (% P.A)

First Name

Last Name

Phone number

Closest Equity Bank Branch

Referal Code

Type query here.

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Terms and Conditions

Equity Bank is Regulated by the Central Bank of Kenya