Get your cash now against cheques issued by reputable companies at competitive commission rates. We also discount post-dated cheques for selected companies.
The product ensures you obtain immediate cash against your cheque drawn by a reputable company, whether current or post-dated. This ensures a continuous flow of your business working capital which would otherwise be affected awaiting the cheque to complete the clearing cycle.
To access Cheque discounting facility, Mwananchi Credit Ltd shall require the following documentation;
- Cheque being discounted.
- ID copy of the applicant.
- Where available, a copy of an acknowledged invoice or payment voucher, to support the payment.