Build trust. Win tenders. Secure better deals.

 

Win more business with confidence. Our Guarantees and Bonds strengthen your credibility, helping you negotiate better terms and access bigger opportunities. From bid bonds to tender and performance guarantees, we back your business when it matters most.

 

Get an affordable edge to submit stronger, more competitive bids.

Why choose Guarantees and Bonds

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Protection of both parties in a contractual agreement from credit risk

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Facility can help negotiate better terms on the tender, especially when applying for a bid bond tender guarantee or securing contract commitments.

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Bid bonds are issued within 1 hour from receipt of application

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Application can be sent digitally for execution

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Guarantees can be collected from any of our branches countrywide

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SBM Guarantees are globally acceptable.

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Client’s liabilities to a lending institution are guaranteed to be met

Eligibility / Documents Required

  • An SBM account

Rates & Fees

  • Bid bonds - 1% flat with minimum charge of Kes. 5,000
  • Performance Bond - 1% per quarter with minimum charge of Kes. 5,000
  • Advance Payment Guarantee - 1% per quarter with minimum charge of Kes. 5,000
  • Immigration/Customs/Insurance/ Transit Guarantee - 1% per quarter with minimum charge of Kes. 5,000
  • Payment/Financial/Demand Guarantees - 1% per quarter with minimum charge of Kes. 5,000
  • Cancellation of uncollected guarantees - Kes. 5,000
  • Amendment fee - Kes. 1,000

** All fees and charges are subject to 20% excise duty

Talk to Us

Unsecured Bid Bonds & Tender Guarantees – SBM Bank Kenya Trade Finance