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With this service, including access to bid bonds and other trade finance solutions, you can now negotiate better terms and do business with companies that may have previously felt out of reach.

Not sure how much a bid bond costs? At SBM, our bid bonds start from just KES 5,000. Whether you need a bid bond tender guarantee or want to boost your tender application, we're here to support you.

Why choose the SBM Guarantees and Bonds

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

Protection of both parties in a contractual agreement from credit risk

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

Eligibility / Documents Required

  • An SBM account
  • Applicant must have a good credit score on CRB 

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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

Find out more about SBM Products

Visit any of our Branches

Find a Branch

Reach us on

+254 (0) 709 800 000

Send an email

atyourservice@sbmbank.co.ke
Unsecured Bid Bonds & Tender Guarantees – SBM Bank Kenya Trade Finance