Advance Payment Guarantee

Protection for every shilling you pay upfront.

An advance payment guarantee protects clients who pay contractors or suppliers in advance, guaranteeing a refund if the contracted obligations aren't met.

IRA Licence No. IRA/05/44057/2026
Bank-Level Guarantee
Business partners reviewing a contract
Key Types of Coverage

Guarantees structured around your payment risk

Wherever you're paying before delivery, there's a guarantee built to protect that payment.

Advance Payment Guarantee

Refunds your upfront payment if the contractor or supplier fails to deliver as agreed.

Supplier Default Cover

Protects against losses if a key supplier fails to fulfil an order after payment has been made.

Contract Value Protection

Safeguards the value of large contracts where payment is made before goods or services are delivered.

Why Choose Mayban

A guarantee businesses and banks trust

Bank-Level Guarantee

A guarantee instrument recognised by banks, suppliers and procurement bodies.

Fast Claim Payout

Prompt compensation if the guaranteed obligations aren't met.

Flexible Contract Terms

Guarantees structured around your specific contract value and payment schedule.

Questions

Advance Payment Guarantee FAQs

When would I need an advance payment guarantee? +

Whenever you're required to pay a contractor or supplier a deposit before work begins or goods are delivered.

How much of my advance payment can be guaranteed? +

Guarantees are typically issued for the full value of the advance payment, subject to underwriting.

What documentation is required to file a claim? +

You'll need the underlying contract, proof of payment, and evidence that the counterparty failed to deliver as agreed.

Is this available for both local and international suppliers? +

Yes, we can structure guarantees for both domestic and cross-border supplier arrangements.

Ready to protect your advance payment?

Get an advance payment guarantee quote or talk to an advisor on WhatsApp.

Get a Guarantee Quote