Embark on the journey to homeownership with our flexible home loan options, designed to make your dream of owning a home a reality. We offer competitive rates and personalized solutions tailored to your needs, whether you're a first-time buyer or looking to upgrade. With our guidance, every step of the way, experience the joy of owning your own home.

Home Loan Features:

1. Maximum Loan Amount: Access up to Kshs 1 million, providing substantial financial assistance to support your home purchase.

2. Loan-to-Deposit Ratio: Borrow up to 4 times your savings deposits, leveraging your existing resources to secure your dream home.

3. Flexible Repayment Period: Enjoy a maximum repayment period of 12 months, allowing you to manage your finances effectively while owning your home.

4. Competitive Interest Rate: Benefit from a competitive interest rate of 16% per annum on reducing balance, ensuring affordability throughout the loan term.

5. Guarantor Requirement: Secure your loan with guarantees from both yourself and another member(s) who can pledge their withdrawable shares, ensuring the security of the financing.

6. Quick Disbursement: Experience swift access to funds with disbursement typically completed within 3-5 working days, enabling you to proceed with your home purchase without delay.

7. Collateral Option: If opting to utilize collateral such as a title deed, our microfinance offers loans equivalent to 70% of the collateral's appraised value. However, please note that the collateral evaluation process may take up to 2 months or more depending on various factors. Additionally, the borrower bears the associated costs including search fees, valuation costs, legal fees, stamp duty, and registration expenses.

Requirements:

1. Membership Duration: Qualify for a home loan after completing a minimum of 6 months of membership with our microfinance and maintaining up-to-date monthly contributions.

2. Consistent Contribution: Ensure a consistent contribution history of at least 6 months prior to the loan application, demonstrating financial stability and commitment.

3. Savings Stability: Savings intended for loan acquisition purposes must have been held within the microfinance for a minimum of 6 months, reflecting prudent financial planning and stability.

4. Financial Capability: Provide proof of your ability to repay the loan, demonstrating a sound financial position and sufficient income sources.

5. Membership Transfer: Members transferring shares from another society will become eligible for a loan after a probationary period of 3 months, ensuring compliance with membership guidelines and regulatory requirements.

6. Insurance Coverage: All loans are mandated to be insured by a reputable insurance company against death or permanent disability, providing essential protection for both the borrower and the home.

With our comprehensive home loan solutions and stringent eligibility criteria, our microfinance is committed to helping you achieve the dream of homeownership while ensuring financial stability and community prosperity.