Bridge loans refers to loan facilities given to borrowers before another intended loan facility is released by the lender.
In many cases, bridge loan is just a small amount but can go up to 75% the intended loan amount. In very rare cases however, bridge loan can be 100% of the intended loan amount.
A perfect example of a bridge loan happens when one is selling a property ( house) and needs the some money urgently,he can ask a lender to provide the emergency loan then pay after the property is sold.
Lenders Providing Bridge Loans In Kenya
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Faida Investment Bank Logo |
In Kenya bridge loans are popular with investment and commercial banks. Some of the Commercial Bans include;
- KCB
- Equity Bank
- Cooperative Bank of Kenya
- Diamond Trust Bank
- Absa Bank Kenya
- Family Bank of Kenya
- National Bank of Kenya
- Access Bank Kenya
- NCBA Bank
- Standard Chartered Bank of Kenya
- Standard Bank of Kenya
- I&M Bank
- Prime Bank
- Citi Bank
- ABC Bank
- Kingdom Bank
Some of the Investment Banks include;
- Standard Investment Bank
- Faida Investment Bank
- Genghis Capital LTD
- Dyer & Blair Investment Bank
- African Alliance Investment Bank
Bridge loan customers
Who is the perfect bridge loan customer? Who can take a bridge loan in Kenya?
The perfect customers for bridge loans are the people in real estate business. However, anyone can ask for a bridge loan from his or her lender.
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