What is a Landed Property Loan?
Landed property loan is a term loan product where the security for the loan is a property owned by the borrower. Available to business entities and individuals.
Features:
- Landed property with a habitable structure on it or cash held in a fixed deposit can be used as security.
- Value of loan ranges from K100,000-K3,000,000.
- Loan Tenor/ loan repayment period from 6 month up to 48 months.
Up to 48 months to repay
Loan approval within 72hrs
Competitive interest rates
Requirements
What you need when you apply:
Passport size photo
Proof of identification
3 months Payslip for Individuals
3 months bank statement or Mobile Money Statements for individuals/ 6 months sole proprietors, partnerships
& Limited Companies
Audited financial statements for loans above K1,000,000. Applicable to
businesses only.
Business Registration Documents for Sole Prop., Partnerships & Limited Companies
Trading license or Receipt Confirmation for Sole Prop., Partnerships & Limited Companies
Business Operation Permits for Sole props, partnerships & Limited Companies
Board Resolution for Limited Companies