Diaspora Banking: ABC Bank Mortgages & Loans for Kenyan Diaspora

Diaspora Banking: ABC Bank Mortgages & Loans for Kenyan Diaspora

Diaspora Banking: ABC Bank Mortgages & Loans for Kenyan DiasporaABC Bank Mortgages & Loans

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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. 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.

 

 

  1. 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:  [email protected]

¨  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

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