CBA,Koto Housing, Bamburi Cement in a Mortgage plan

Commercial Bank of Africa (CBA),Koto Housing and Bamburi Portland Cement announced a business partnership yesterday that will see the youths and young families own houses in the fastest ever way through a mortgage plan.

In the partnership,CBA will be the mortgage financier, Bamburi Cement will be the building and construction material provider while Koto Housing will be the contractor.

The Mortgage Package.
The home loan consumers will choose one from a range of architectural designs,when they'll visit a CBA branch.The houses should not exceed four bedrooms and should cost between kes 500000 and kes 4.5 million.The loan repayment period will be up to a maximum of 25 years.

Koto Housing, which uses the newest building technology, will then proceed with the house construction which should take between 30 days to 45 days.This means that the home loan beneficiary can move in to a new home fast even before making the first payment to the the bank.

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