Great features

Tenor/Term:
Tenor of up to 5 years:
  • Plot purchase loans of up to KES 5 million
  • All land equity and home equity loans
Tenor of up to 10 years:
  • Plot purchase loans of more than KES 5 million
  • Residential mortgages of up to KES 15 million
  • All commercial mortgages, development loans, project finance loans, equity release loans, and chama (group) loans
Tenor up to 15 years:
  • Residential mortgages of more than KES 15 million
  • The investment portfolio line of credit is a 12-month revolving facility.

Maximum Loan-to-Value:

  • Up to 70% for plot purchases, commercial mortgages, development loans, project finance, land equity loan, equity release loan, and Chama (group) loans
  • Up to 80% for residential mortgages and home equity loans
  • The loan-to-value for the investment portfolio line of credit will vary based on the portfolio mix (money market, stock, mutual funds, government securities)

Pricing:

  • Plot purchase, residential mortgage, land equity loan, and home equity loans: As low as 8.5% for USD, GBP, and Euro currency loans less than KES 20 million
  • Plot purchase, residential mortgage, land equity loan, and home equity loans: As low as 10% for USD, GBP, and Euro currency loans of more than KES 20 million
  • As low as 13% for all KES currency loans

NOTE: All real estate assets must be located in Kenya

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

Required Documents For Each Applicant:

  • Completed loan application form (Bank form)
  • Copy of Kenyan passport/National ID card
  • Copy of KRA PIN Certificate
  • Proof of current address e.g. copy of driver’s license, identification card, utility bill, current bank statement, copy of deed/lease agreement
  • Complete individual tax returns, with all schedules, for the past 3 years or equivalent documents filed with the tax revenue authority annually
  • Bank statements for the last 6 months
  • 3 most recent pay slips/paystubs
  • Completed personal financial statement (on Bank form)
  • Employment verification letter in countries where W-2 and P60 forms are not available

Self-Employed Applicants:

In addition to the above, self-employed applicants who earn dividends/distributions as opposed to a salary, must provide:

  • Business bank statements for the last 12 months
  • Business tax returns for the past 3 years
  • Year-to-date 2020 management accounts
  • Business registration documents

Get a quick quote

You will take home

Installments (p.m)

LACE (6%)

Insurance (0.625%)

Total Interest

Total Loan

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Equity Bank is Regulated by Central Bank of Kenya