Plot Purchase

Own a plot today and grant yourself the opportunity to become a developer. This product enables you to purchase a plot of land for future construction or development for up to 70% financing of the selling price or value, whichever is lower.

Requirements for Employed Persons; ID/Passport copies

• KRA PIN Copy
• 3 months' payslips
• 6 months' salary bank account statements
• Letter from employer

Requirements For Self-Employed Customers

• ID/Passport copies
• KRA PIN Certificate
• 3 years' audited books of account
• 1 year bank statements
• Certified copy of partnership deeds (for partnerships) and Rental schedules (for Landlords)

Features

• Up to 70% financing of the selling price or value whichever is lower
• Maximum loan term of up to 5 years .

Fees & Rates

• Commitment Fee of 1.5%.
• Valuation fee of approximately 0.5%.
• Legal Fees of approximately 1-2%.
• Stamp duty of 4%

Benefits

• Affordable way to purchase plot
• Availability of construction loans to develop the plot