- Co-op Bank is offering the KMRC Mortgage with a low interest rate of 9.5% on reducing balance.
- The loan is for purchase or construction of a single home, and is available to Kenyan individuals who are:
- Employed
- Self-employed
- Diaspora (living/working in other countries)
- Spouses can apply jointly with their combined incomes in order to qualify for the amount they need.
- The maximum repayment period is:
- 25 years for employed applicants
- 12 years for self-employed.
- You can borrow from Kes 500,000 up to Kes 10.5 million (property market value capped at Kes 15million)
- No other security is required. Security will be the house you’re buying or building.
- The bank can finance up to 100% of the property price/value for purchase of a ready built house, and up to 90% for construction and buy-plot-and-build properties
- You can take the loan to:
- Buy a ready built house
- Build a house on an existing plot
- Buy a plot and build a house on it
- Buy off / takeover an existing mortgage OR personal loan which you took to buy or build a house. With our low interest rate, your monthly repayments may reduce significantly.
- If you’ve not yet identified a plot or house to buy, we have properties available for sale. You can view them at Goodhome Property Hub or KUSCCO Centre, Ground Floor – Kilimanjaro Avenue, Upperhill.
For more details on the loan or site visit to view the available plots and houses, Call 0711 049739 / 0711 049811 / 0711 049674 OR Email goodhome@co-opbank.co.ke