Friday, March 29, 2024

Co-op Bank new Mortgage Loan for Kenyans living abroad

Co-op Bank Kenya now have a mortgage load product for Kenyans in the Diaspora, the mortgage is targeted at Kenyans who are planning on settling back home. It will go along way to help Kenyans living abroad since you don’t have to come back home and begin the process.

This mortgage facility is at competitive interest rates in KES, USD, EURO and GBP.

Features of the Loan

  • Buy a Residential or commercial property
  • Buy a plot or land
  • Joint Mortgage
  • Mortgage Top Up
  • Mortgage Takeover from Other Financial Institutions
  • Equity Release

Requirements for the loan

For you to be eligible for the loan, you need to have the following:

  • Full copy of Kenyan Passport/Kenya national Identity card
  • Copy of Kenyan PIN certificate
  • Valid copy of Residence / Work Permit
  • Copy of recent Utility bill (gas, power).
  • Letter from Employer stating employment terms
  • Fill in and sign loan application forms
  • 3 months latest Payslips
  • 6 months latest certified salary bank statements
  • Draft sale agreement or offer letter
  • Copy of title for the property
  • Evidence of down payment/deposit
  • Registered specific Power of attorney (Optional)

Click here for more details and how you can apply.

 

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