Pay your year-end bonuses without any hassle
- Quick decision – you often get clarity about your application within 24 hours
- Spread the cost of year-end bonuses over 12 months
- Simple and paperless – arrange everything online in just a few steps
The year-end bonus (or ‘thirteenth month’) is a nice way to reward your employees, but at the same time it can be quite a financial challenge for anyone running a business. The smart solution is the KBC Cash Budget Credit, as it enables you to pay the bonus on time without putting a strain on your cash flow.
You spread the payroll cost across 12 manageable monthly payments, ensuring you maintain financial breathing room and a sense of certainty. The interest rate is fixed and tax-deductible, as are the other charges. In short, it’s a low-cost solution that protects your cash resources and affords you peace of mind.
What is the procedure – from application to drawdown – for a KBC Cash Budget Credit?
- Run an online simulation of the amount you need
- Get an immediate clear idea of the rate, the amount you pay off each month and the charges involved
- If you agree, submit your application online
- After approval, you’ll receive the credit contract (as soon as you sign it, the amount will become available)
- Your repayments are deducted automatically from your KBC Current Account and spread over 12 months after your first drawdown
