Family Bank Morgage and Loans- Requirements, Interest rates, Repayment Period.
Family Bank Morgage and Loans.
Family Bank Morgage and Loans: Build your home in phases
Your treasured dream of owning a home is now a simple straight forward task. Growing Home is our revolutionary approach to property ownership.
Build your home in phases and pay in affordable stages. And what’s more, you can move in to your home once the first phase is completed. At that point you can then decide to take a break from building and carry on later, or you can continue with the construction as you live rent free, comfortable and safely in your new home.
Whether you need to pay step by step, build brick by brick or expand floor after floor, come to us for the most unique and most affordable solutions. We’ll quickly get you living comfortably in your own home or growing your property portfolio.
Features
-Build your home in phases and pay in affordable stages
-Choose to take a break from building and carry on later
Closing Costs
-Legal fees
-Valuation fees
-Appraisal fees 1% of loan amount
-Stamp duty (4% of property value)
Family Bank Morgage and Loans: Benefits
-Your new home will grow with you as your finances and circumstances allow.
-When you are ready, embark on the next phase of your construction
-Organized and affordable manner
Family Bank Morgage and Loans: Requirements
-Letter from employer confirming employment status
-Bank statements for the latest 6 months
-One passport size photographs
-Copy of title to the property
-Copy of ID/PIN certificate of individual/ Business (Directors)
-Valid Sale agreement/letter of offer from the seller
-Pay-slips for the latest 3 months
Family Bank Morgage and Loans: Company Schemes mortgages
Best mortgage loans for employees. Company Schemes mortgages are available to individual members of organized groups and employees of organizations, these schemes enable employees and members of the group to access mortgage loans at subsidized rates.
Cash Back Schemes
In this case, the group mortgage schemes are backed up by funds. Therefore, the beneficiary will have access to the loan at subsidized rates.
Check-Off
This is one of the best mortgage loans for employees of organizations, the employer commits to remit the monthly repayment on check-off basis.
Family Bank Morgage and Loans: Features
-Legal fees
-Valuation fees
-Appraisal fees 1% of loan amount
-Stamp duty (4% of property value)
Family Bank Morgage and Loans: Benefits
Enable employees and members of the group to access mortgage loans at subsidized rates.
Family Bank Morgage and Loans: Requirements
-Copy of title to the property
-Copy of ID/PIN certificate of individual/ Business (Directors)
-Valid Sale agreement/letter of offer from the seller
-Pay-slips for the latest 3 months
-Letter from employer confirming employment status
-Bank statements for the latest 6 months
-One passport size photographs
Family Bank Morgage and Loans: Construction Loans
Do you have land that you wish to develop?
Well then, this loan is perfect for you. Depending on the value of your land and the construction you wish to develop, Family Bank can finance the development of your land.
Financing is open for both residential dwelling housing as well as estate development.
Family Bank Morgage and Loans: Features
-Legal fees
-Valuation fees
-Appraisal fees 1% of loan amount
-Stamp duty (4% of property value)
Family Bank Morgage and Loans: Benefits
-Family Bank can finance the development of your land.
Family Bank Morgage and Loans: Requirements
-Letter from employer confirming employment status
-Bank statements for the latest 6 months
-One passport size photographs
-Copy of title to the property
-Copy of ID/PIN certificate of individual/ Business (Directors)
-Valid Sale agreement/letter of offer from the seller
-Pay-slips for the latest 3 months
Family Bank Morgage and Loans: Estate Development
Financing, is tailored for developers
Estate Development /Project Financing, is tailored for developers putting up houses for sale.The developers can get financing repayable within 24 months.
The terms of Financing will depend on the scale of the project and fulfilment of the outlined requirements.
Family Bank Morgage and Loans: Requirements
-Approval from National Environmental Management Authority (Nema).
-Project team to submit their comprehensive CVs, Registration Certificates and profiles of successful works done in the last 5-10 years
-Feasibility study confirming viability of the project
-Formal contract between the developer and the contractor duly executed
-Approved building plans
-Approved structural drawings
-Priced bills of quantities
Family Bank Morgage and Loans: Owner Occupier
Identify the house you want to live in and we’ll finance it for you at the most friendly and affordable rates depending on your income.
This mortgage is collateralized by the dwelling house and is best especially if you are considering acquiring your first home for your family occupation.
We shall grant a purchase loan to buy ready-built residential house or construction of a house .
The repayment for this mortgage is capped at a maximum of 25 years, subject to retirement age or age 65 whichever comes earlier.
Family Bank Morgage and Loans: Features
-Legal fees
-Valuation fees
-Appraisal fees 1% of loan amount
-Stamp duty (4% of property value)
Family Bank Morgage and Loans: Benefits
-Friendly and affordable rates depending on your income.
Family Bank Morgage and Loans: Requirements
-Letter from employer confirming employment status
-Bank statements for the latest 6 months
-One passport size photographs
-Copy of title to the property
-Copy of ID/PIN certificate of individual/ Business (Directors)
-Valid Sale agreement/letter of offer from the seller
-Pay-slips for the latest 3 months
Family Bank Morgage and Loans: Plot Loans
With our revolutionary ‘Plot Loan’ facility, we’ll help you buy land for future development.
This offering is open to individuals and investors who would wish to buy land for future development.
Family Bank Morgage and Loans: Features
-Legal fees
-Valuation fees
-Appraisal fees 1% of loan amount
-Stamp duty (4% of property value)
Family Bank Morgage and Loans: Benefits
We’ll help you buy land for future development.
Family Bank Morgage and Loans: Requirements
-Letter from employer confirming employment status
-Bank statements for the latest 6 months
-One passport size photographs
-Copy of title to the property
-Copy of ID/PIN certificate of individual/ Business (Directors)
-Valid Sale agreement/letter of offer from the seller
-Pay-slips for the latest 3 months
Family Bank Morgage and Loans: Salary Advance
This facility enables customers to access funds for short-term emergencies. Customers can get amounts of up to 30% of previous months Net salary with a maximum of Kshs.20k, payable on receipt of next months salary.
Family Bank Morgage and Loans: Features
-Loan amounts up to 20k
-10% commission on the issued Loan
-Loan up to 30% of previous salary
-payable on receipt of following months salary
Family Bank Morgage and Loans: Benefits
-Salary advance is processed fast
-Cater for short-term emergencies
Family Bank Morgage and Loans: Requirements
Salary payment to be processed through an account held with Family Bank.
Family Bank Morgage and Loans: Salary Loans
These loans are available to all account holders who process a regular income from their employers. Ideal for those who earn a regular salary income through their employment.The loan can be used for Schools Fees, Medical Bills, Purchase of household items, Spare parts etc.
Family Bank Morgage and Loans: Features
-Competitive interest rates charged.
-Top-ups available upon request
-Monthly loan repayment with duration of up to 24 months
-Insurance cover against death and permanent disability.
Family Bank Morgage and Loans:Benefits
-Your salary is security
-Fast and efficient loan processing and disbursement.
-No late payment fees
Family Bank Morgage and Loans: Requirements
Available to salaried employees whose salaries are paid through us
