HOME LOAN

  

Bank of Baroda (Kenya) Ltd introduces Home Loan Solution for Individuals / families aspiring to own dream home in Kenya.

 

Details:

Owning of house being one of the dreams of family and deciding to buy your own home is one of the most important decisions you will ever make; choosing the mortgage loan is critical. Bank of Baroda (Kenya) Ltd makes the decision easy with the Home Solution with finance up to 80% of the cost of house you wish to own.

 

Benefits:

  • Loan processing fee will be refunded on availment.
  • No facility renewal fee, No minimum income requirements, penalty for early repayment.
  • Joint borrowing with close family members is allowed.
  • Competitive variable interest rates linked to the KBRR.
  • Protection of credit life insurance, which can also be financed

 

Features:

  • Minimum loan amount of Kes 1 million and maximum loan amount of Kes.50 million.
  • Maximum loan tenor is 15 years
  • Embedded credit life protection insurance in the loan repayments
  • Simple one step application form and process for applying and hassle free approval.
  • Rate of Interest CBR+4%

 

Here are some basic requirements you need to fulfill:

 

  • Regular income
  • Minimum age of 21 years
  • Valid identification

 

Other third party cost:

  • Valuation fees.
  • Legal Costs.
  • Property insurance cost.