Suitable for an investment groups seeking to invest in property either straight purchase or construction
Benefits
- Competitive interest rate
- Loan financing of up to 80% value of property with a repayment of up to 10 years.
Standard Requirements
- Loan purpose will determine the requirements
- Proof of contributions month on month.
- Proof of ability to meet the 20% financing and other related costs e.g. Stamp duty, lawyers fee, valuation report etc
Rates & Fees
- Competitive Interest rates
- KCB charges: Appraisal Fee - 1% of loan amount and Ledger Fee payable per month
- Regulatory charges: 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) and Insurance premium- Financed by KCB
