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.