Equity Release

This solution allows you to borrow against your property i.e. home or land
Some of the benefits
Property Owner Loan
Loan Options
Flexibility
Insurance
- Up to 80% financing of open Market Value
- The property has to be in the applicant’s name and free from any encumbrances
- Loan tenure – up to 20 years
- Debt to income ratio – should not exceed 50% of net salary
- Maximum loan amount - Kes. 200M
- Free cover limit for loan amount Kes. 40M and below
- Interest rate is pegged to Stanbic Bank Prime Rate for local currency
- Flexible repayment terms
- Competitive interest rates
- Access to all other Stanbic Bank solutions and products (e.g. overdrafts, credit cards, current accounts, savings account, mobile and internet banking)
- Legal fees is paid to bank appointed lawyer
- Valuation is done by bank approved valuers
- Complete the loan application form
- Your latest payslip
- KYC documentation required
- Letter from your employer confirming employment terms
- 12 months certified statements
- Copy of title where applicable
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What you get
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How to get it
- Up to 80% financing of open Market Value
- The property has to be in the applicant’s name and free from any encumbrances
- Loan tenure – up to 20 years
- Debt to income ratio – should not exceed 50% of net salary
- Maximum loan amount - Kes. 200M
- Free cover limit for loan amount Kes. 40M and below
- Interest rate is pegged to Stanbic Bank Prime Rate for local currency
- Flexible repayment terms
- Competitive interest rates
- Access to all other Stanbic Bank solutions and products (e.g. overdrafts, credit cards, current accounts, savings account, mobile and internet banking)
- Legal fees is paid to bank appointed lawyer
- Valuation is done by bank approved valuers
- Complete the loan application form
- Your latest payslip
- KYC documentation required
- Letter from your employer confirming employment terms
- 12 months certified statements
- Copy of title where applicable