Coop Bank Good Home Mortgage Loan

    September 22, 2016   No comments

Cooperative Bank of Kenya's (Coop Bank) Good Home Loan is a new era mortgage solution for Kenyans thinking of owning a permanent home in any location within the nation.


The Mortgage credit solution dubbed 'Coop Bank Good Home Mortgage Loan' is backed up by the uniqueness in that it provides upfront disclosure of all processes and charges to borrowers through the Good Faith Estimate document.
Coop bank good home mortgage loans in kenya

Key Features 

  • Financing is up to 95% of the mortgage value
  • Applicants should have an account with Coop Bank
  • Successful borrowers will be provided with a protection cover
  • Processing fee of maximum 7% of the property selling price
  • Interest rate charged will be at 14.5% per annum on reducing balance
  • Successful borrowers automatically qualify for a credit card of up to kes200000 based on the mortgage amount approved
  • The property financed location can be anywhere in Kenya with a clean title deed and cleared land rates and rent
Target  
The Coop Bank Good Home Mortgage Loan is available to the following;

  • Individual borrowers
  • Cooperative societies
  • Construction companies or Developers
  • Spouses
  • Business partners
How to apply 
Kenyans interested in applying for the Coop Bank Good Home Mortgage Loan should visit any nearest Cooperative Bank of Kenya branch countrywide.
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Mwabaya Katana

Posted By Mwabaya Katana

Mwabaya Katana is a Personal Finance online writer.He is the founder of 'Loans Kenya' Blog.

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