Great features
- Minimum loan amount of KES 2 million. No maximum loan amount
- Up to a maximum of 10 years
- Up to 70% financing depending on the location of the property
- 10% rate for USD, GBP, and Euro loans and 13% for KES currency loans
What you require to sign up
Diaspora loans are only offered to applicants who meet either of the following criteria:
- Non-Resident Kenyans
- Kenyans sent on foreign missions abroad
- Kenyans with dual citizenship
The loans can be extended to individuals, joint applicants, or group (Chama) of applicants.
Required Documents For Each Applicant:
- New or existing Equity Bank account
- Identification Documents – Kenyan ID/Passport, KRA PIN, and proof of current address
- Credit report from your country of residence
- Copies of Bank statements for the past 6 months
- Complete individual tax returns for the past 3 years
Salaried Applicants:
In addition to the above, salaried applicants must provide:
- 3 latest pay slips/paystubs
- Employment letter/W-2/P60/T4
Self-Employed Applicants:
In addition to the above, self-employed applicants must provide:
- Business registration documents
- Business bank statements for the last 12 months
- Business tax returns for the past 3 years
- Year-to-date management accounts (balance sheet and P&L statement)
Construction Documents
- Bill of Quantity for the entire project
- Approved building plans
- Approved NEMA and NCA approval certificates
- Copy of the property title