|Barclay's bank photo|
There is a merciless decrease of the interest rate to a low of 14.9%pa from 18.5%pa.The mortgages have been split into four groups. The amount of loan can be as high as ksh2million for Nairobi residents and ksh1.5million for other locations.
- Home loan straight purchase for ready made homes.Financing will be up to 90% the market value.
- Equity Release will be financed up to 80% of its value.
- Construction loan for customers with ready owned plots. Construction of a home will be up to 100% the cost of the home.
- Buy to Let for landlords. Financing will be up to 70% the value of the houses.