Vacant Land Financing
This solution allows you to purchase residential plots within major towns in Kenya.
Up to 80%
Financing
Up to 10 Yrs
Loan Tenure
Some of the benefits
Vacant Land Financing
This solution allows you to purchase residential property within major towns in Kenya
Loan options
We offer you various Homeloan options from buying complete property to purchasing vacant land for construction. We also have a solution that allows you to borrow against your existing property
Flexibility
Pay your mortgage on terms that work for you
Insurance
Get embedded insurance on your homeloan that caters for mortgage protection, retrenchment and home insurance
What you get
- Up to 80% financing on Vacant land
- Loan tenure – up to 10 years (120 months)
- Debt to income ratio – should not exceed 40% of net salary
- Minimum loan amount – Kes. 1M
- Maximum loan amount - Kes. 50M
- 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
How to get it
- Your latest payslip
- Letter from your employer confirming employment terms
- 12 months certified statements
- Sale agreement and copy of title where applicable
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What you get
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How to get it
- Up to 80% financing on Vacant land
- Loan tenure – up to 10 years (120 months)
- Debt to income ratio – should not exceed 40% of net salary
- Minimum loan amount – Kes. 1M
- Maximum loan amount - Kes. 50M
- 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
- Your latest payslip
- Letter from your employer confirming employment terms
- 12 months certified statements
- Sale agreement and copy of title where applicable