Pay holiday allowances the easy way
- Quick decision – you often get clarity about your application within 24 hours
- Spread the cost of holiday pay over 12 months
- Simple and paperless – arrange everything online in just a few steps
Staff holiday pay constitutes a serious investment for many businesses. However, a KBC Cash Budget Credit enables you to pay everything back on time without putting a strain on your cash resources.
By taking out a loan to cover holiday pay, you spread these payroll costs over 12 months, while paying low interest charges. What's more, the interest and your loan-related charges are all tax-deductible.
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 Brussels Current Account and spread over 12 months after your first drawdown
