Mortgages

• All Kenyan Citizens, Permanent Residents or Expatriates are eligible.
• Maximum age at the end of the mortgage term must be 60 or retirement age, whichever is earlier.
• Salaried Customers or Directors of reputable companies or well-established SMEs with demonstrable and verifiable monthly income for the past 12 months.
• Professionals and consultants who earn a regular monthly income and are purchasing a residential property for owner occupation.

Facility arrangement fee: 1 % of loan amount (Minimum Kes 10,000)

1. Legal Costs and Stamp duty – varies depending on property value and location
2. Fire (property) insurance – Comprehensive insurance with the Bank’s interest duly noted
3. Mortgage protection insurance for the borrower – to safeguard the borrower during the mortgage term
4. Valuation fees – upon approval of application, the property should be valued

• Completed and signed application form.
• Last 3 Pay slips – certified copies.
• Certified letter from employer stating terms of employment
• Certified Copy of ID/ Passport
• Copy of PIN Certificate
• Sale Agreement
• Documentary evidence of any other income
• Certified Copies of bank statements for 12 months (for non-Standard Chartered customers)
• 2 colour passport size photos (for non-Standard Chartered customers)
• Copy of Title Deed

*Requirements may be more or vary for Kenyans residing out of the country.

As above, except:

• Mortgage statement for last 12 months (instead of sale agreement)
• Stamp duty payable only applies to discharge and charge of title, as opposed to transfer of title.