Diaspora Banking: ABC Bank Mortgages & Loans for Kenyan Diaspora
Self Evaluation Prior to Applying for a Loan
- How much can I afford to borrow with no strains and hassles?
- How much can I afford to pay per month?
- How long will my Loan /mortgage term be?
- How much deposit can I afford
- Do I want a Residential (Owner Occupier), Buy-to-Let or Commercial loan
- 1. Vacant Land Purchase
ABC Bank believes real-estate development is an integral part in ensuring growth of your well being. Our land purchase facility is developed to meet these needs.
Features
ü Maximum loan period of five (5) years
ü Maximum loan amount of Kshs 20,000,000
ü We will finance a maximum of 70% of the Land sale value
ü Very Competitive variable interest rates
ü Our commitment fee is only 1% of the loan amount
ü The Land MUST HAVE a clean TITLE DEED of which ABC will verify with the Lands Registry.
- 2. Construction Loan
ü Land with a clean title (within a country)
ü Approved building plans
ü Approved structural drawings
ü Priced Bill of Quantities reports
ü Profile/CV –Architect, Quantity Surveyor, structural Engineer, Contractor and Project Manager
ü Applicants contribution – provide evidence of won funds for the projects equity contribution
ü Contractors Agreement specifying duration of the project and performance bond
General Requirements
- Copy of Title: (if lease, minimum term 45years)
- For outright purchase: Sales agreement or offer letter from the seller
- Valuation report (valuation fees payable by Applicant)
- Ground Rent and Rates: Latest receipts confirming payments to the city/town council
- Life Insurance: ABC Insurance quotation
- Landlords using rental income as security, ABC will carry out a rental assessment
Contact us TODAY!!
¨ Email Address: diaspora@abcthebank.com
¨ Phone Number: +254 (0) 729 518810
+254 (0) 719 015000
+254 (020) 359 2747
¨ Mailing Address: African Banking Corporation
Retail Department – Diaspora
ABC Bank House, 1st Floor
Woodvale Groove
Westlands
Micro-site URL: www.abcthebank.com/diaspora
Diaspora Banking: ABC Bank Mortgages & Loans for Kenyan Diaspora
