Business Banking
Business Banking
Business Banking
Diaspora Borrowing

Home Equity loan

Already a home owner? Unlock the borrowing power of your home and access funds to pay for your children’s education, a vacation, or home improvements.

Benefits:

  • Borrow in KES, USD, EURO, GBP
  • Your income/salary currency should match the respective borrowing currency
  • Financing up to 90% of Property value for KShs. mortgages
  • Financing up to 80% of Property value for foreign currency mortgages
  • Competitive interest rates on reducing balance
  • Loan tenure of up to 25Years for KShs. Mortgages and 10 years for Foreign currency mortgages, subject to retirement age
  • Arranged legal and valuation services (fees applicable)
  • Locations financed will be within a County, Town and Municipality and also environs where CBA has a branch presence, subject to CBA’s discretion.

   *Foreign currency mortgages are subject to foreign currency exchange movements

Associated fees

  • Arrangement fees of loan amount advanced - 1% for KShs. Mortgages and 1.5% for Foreign currency Mortgages
  • Legal fees
  • Valuation fees

How to apply for a Home Equity Loan

  • A duly filled and Signed Home Loan application and Insurance forms
  • Provide a copy of Title of property free of encumbrances
  • Copy of Valid Kenyan Passport (Top inner cover, Bio Data and Photo pages)
  • Evidence of current residential address (Driving license copy or a current utility bill)
  • Copy of your Work Permit or Residential Permit
  • 6 months most recent payslips/Paystubs
  • 12 months most recent bank statements where salary/remuneration is paid into
  • A Letter of introduction from employer providing you designation, remuneration, retirement age (where applicable), terms of employment (contract/permanent) and allowances (where applicable).
  • Copy of your KRA Pin Certificate
  • Locations financed will be within a County, Town and Municipality and also environs where CBA has a branch presence, subject to CBA’s discretion.

NB: Identification and supporting documents must be Notarized by a registered notary or certified by your banker or certified by an authorised official of the Kenyan Embassy. The Notary information or stamps should be clear and legible. 

FAQs on Power of Attorney