The bank will provide home ownership facilities including construction loans, equity releases and LARIBA mortgages, as well as insurance products such as mortgage protection, fire insurance and retrenchment cover. As part of the new partnership, the bank will avail up to 80% financing to normal mortgage applicants and 100% financing to customers who take up construction mortgages. In addition, there will be no early repayment charges on these facilities.
While making the announcement, Absa Bank Kenya PLC Head of Mortgage George Laboso said, "We are pleased to partner with Tatu City which welcomes dozens of new home owners to the city every week. This partnership will enable us help these home buyers realise their dreams. We are equally excited to help existing owners unlock capital to finance their construction and other home needs."
On her part, Tatu City Head of Residential Sales
"We understand just how difficult it is for many people to own a home, despite this being a dream for most Kenyans. It is our brand purpose- to help all our customers achieve their ambitions, aspirations and possibilities in the right way," Laboso added.
The bank has assigned a dedicated Relationship Manager to clients who own homes or are purchasing properties in
Tatu City recently received approval from the
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