Land/Plot Loan
Build your foundation, claim your future
We’ll help you buy land for future development
Land is more than just property, it’s the foundation of dreams, growth, and legacy. Our land loans are here to support your vision, helping you turn possibilities into lasting achievements. Secure your piece of the future today
Loan Details
- The amount borrowed shall not exceed a maximum of Kshs 11 million if funds are available, a higher amount can be borrowed subject to ability to pay and security provided.
- The repayment period shall not exceed months 84 months.
- The loan shall attract an interest rate of 1. % per month or 12 % per month on reducing balance.
- To qualify, the applicant must have been a member for at least 6 months with consistent deposits.
- A qualifying loan is considered 4 times member’s deposits.
- A member must show proof of ability to repay the loan per the requirements
- Collateral must be provided prior to borrowing per the collateral requirements.
- You can Refinance Land/plot loan if you have paid for the last 6 months. Refinance fee of 2% on loan balance will be charged.
- Deposit funds used for borrowing must have been in the account for at least 6 months before they can borrow against it.
- Must have not defaulted on any other loan.
- A non-refundable processing fee shall be recovered from the new loan as follows:
- 1.5% for loans below Kshs 9 million and
- 2% for loans above Kshs 9 million
- The cost of valuation and administration legal fee will be catered by the member and will be deducted from new loan.
- A defaulter will not qualify for the loan.
Build Your
Financial Future
Key Benefits
Low interest rates of upto 1.17% on loans reducing balance
Great interest rates on your savings of upto 7% p.a.
Borrow upto 5x your savings amount
Extended repayment periods of upto 84 months