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Asset Security Loan

Asset Security loan

 This is a loan property secured by collateral including land, buildings, motor vehicles  and shares traded at the Nairobi Securities Exchange

PRODUCT FEATURES

  • Maximum Amount: Kshs 7,000,000
  • Minimum Amount: Kshs 1,000,000
  • Repayment period: 60 months @ 1.25% on reducing balance or 72 months @ 1.5% on reducing balance
  • Ability to pay: Pay slip within the 1/3 rule or other proven and acceptable sources of income.
  • Deposits 3 times multiplier factor is also considered
  • Valuation will be done by the Approved panel of valuers
  • Chattels charge by the lawyer
  • The cost of valuation and other charges are borne by the borrower

WHAT ASSETS DO WE ACCEPT AS SECURITY?

  • Motor vehicles-  8 years and below. Up to a maximum of 50% of the value
  • Land and buildings - up to a maximum of 70%of the value
  • AHDC title deeds- up to a maximum of 70% of the value
  • NSE(stock) traded shares.

 Kindly note that the process of the facility takes  45 days.