Mortgage Costs
Bank’s fees and chargesFacility arrangement fee: 1 % of loan amount (Minimum Kes 10,000). This fee is payable to the bank upon acceptance of the banking facility letter.
Other costs the customer is expected to meet
- Legal Costs and Stamp duty – varies depending on property value and location
- Fire (property) insurance – Comprehensive insurance with the Bank’s interest duly noted
- Mortgage protection insurance for the borrower – to safeguard the borrower during the mortgage term
- Valuation fees – upon approval of application, the property should be valued
ARE YOU A DEVELOPER OR ESTATE AGENT?
We are currently working with developers and estate agents. Please contact our Developers Relationship Manager on (020) 3291463 who will develop a working framework with you.
