Pay your year-end bonuses the smart way
- 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
A KBC Cash Budget Credit allows you to borrow money to finance year-end bonuses. 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)
What is the procedure – from application to drawdown – for a KBC Cash Budget Credit?
- 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
- You can draw down your credit facility online right away via your KBC Business Dashboard
- We credit the amount to the selected account
- 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?
- Your relationship manager will be happy to help you
- Download the step-by-step guide to work out your cash budget credit facility