Scheme Mortgage Offers
We offer discounted loans for organizations whose employees or members wish to purchase or construct a home.
- Loan tenure – up to 25 years.
- Facility fees- 1%
- Debt to Income Ratio : Not exceed 60% of Net Salary
- Minimum loan amount : KShs 1 million
- Maximum amount: Nil
- Free cover limit: loan amount of KShs 20 million and below
- Interest rates: Pegged to CBR for local currency
- Loan financing of up to 105% value of property with a repayment of up to 25 years.
- Fixed and very competitive interest from as low as 4% for cash backed mortgages.
- Flexible terms in appraisal i.e. up to 60% of net pay considered.
- Free cover up to 20 Million, retrenchment cover and domestic package cover
- Loan is assessable for straight purchase, construction, plot purchase and construction.
- Free Financial literacy program and mortgage advice
- Proof of income
- Letter from employer confirming employment status
- Sale agreement
Rates & Fees
- Negotiated Interest rates
- Facility Fee-1% of loan amount
- Legal Fees
- Valuation fees
- Stamp duty (4% of cost of property or value on the open market)
- Stamp duty on charge (0.1% of loan amount)
- Excise Duty
- Insurance premium- Financed by CBA