Pay holiday pay or year-end bonuses with the help of a KBC Cash Budget Credit
- Top up your cash flow
- Spread the cost of holiday pay and year-end bonuses over 12 months
- Benefit from a fixed interest charge that is tax-deductible
What’s a KBC Cash Budget Credit?
A KBC Cash Budget Credit allows you to borrow money to finance year-end bonuses or holiday pay. The benefits for you are that:
- You spread your payroll costs over 12 months, enabling you to keep your working capital free to cover unexpected costs or make new investments
- You borrow at a fixed interest rate. The interest and other charges attached to your credit facility are tax-deductible.
- You can work out your credit facility online in just a few steps. Choose the amount you want to borrow and you'll receive a clear idea of your rate, the monthly repayments and the charges involved.
Applying for your cash budget credit facility
- Choose the amount you want to borrow
- Check your rate, what you pay back each month and the charges involved
- If you like what you see, submit your application
- Your company's legal representatives sign the credit contract
- We credit the amount to the selected account
- You can draw down your credit facility online right away via your KBC Business Dashboard
- Your repayments are deducted automatically from your KBC Current Account and spread over 12 months after your first drawdown
Any questions about the KBC Cash Budget Credit?
- Contact your relationship manager. They’ll be happy to help.
- Download the step-by-step guide to work out your cash budget credit facility.