In the deal, the lender will provide the
Potential home buyers will acquire one-bedroom housing units for an average of Sh49,500 per month at a 9.5 percent fixed interest rate for the first nine years.
The price of the modern apartments starts at Sh5,950,000. Home buyers will also be required to raise the minimum 10 percent deposit to qualify for mortgage consideration.
"This partnership with
Horsey added that the mortgage application is open to Kenyan citizens who are either salaried or self-employed and have verifiable income.
The mortgage amount will be determined by the property price and what the applicant qualifies for.
"As a partner for growth for our customers, we are committed to walking the homeownership journey with them every step of the way, and this partnership is aligned to that agenda,"
"Further, as an experienced player in the mortgage industry, we not only create customer-centered mortgage products, but we also go above and beyond, walking alongside them as they make one of their biggest financial investment decisions."
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