This is to cater for the sales price plus part of the closing cost i.e. Stamp duty and legal fees to facilitate home ownership.
- Flexible repayment terms
- Joint mortgages allowed.
- Free cover limits up to Kes.20M without need for medical checkup,
- Competitive Interest rates
- Access to all other CBA banking products
- Loan tenure – up to 25 years.
- Facility fees- 1%
- Debt to Income Ratio : Not exceeding 60% of Net Salary
- Minimum loan amount : Kshs 1 million
- Maximum amount: KShs.20M
- Free cover limit: loan amount of Kshs 20 million and below
- Interest rates: Pegged to CBR for local currency
- Proof of income
- Property details that is copy of title or lease and Sale agreement
- Facility Fee-1% of loan amount
- Legal Fees
- Valuation fees
- Stamp duty (4% of cost of property or value on the open market)
- Excise Duty
- Insurance fees i.e. Domestic package, Mortgage protection cover and Collateral Replacement Indemnity Insurance cover.