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)
- 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%
- Affordable way to purchase plot
- Availability of construction loans to develop the plot