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.