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Personal Construction Finance

If you are an individual with dreams of moving your family to a new home or a real estate investor seeking to actualize their real estate dreams then we are your right financing partner! It’s This financing solution is based on the Diminishing Musharaka Sharia’h Agreement.

Benefits

  • Flexible monthly instalments up to 20 years
  • Free financial consultation
  • Competitive profit rates
  • Personalized service

Requirements

  • Certified pay-slips for the latest 3 months (one can incorporate joint income with a spouse)
  • Submission of Letter of introduction from the employer confirming employment status (stating terms, retirement age, salary etc.)
  • Original or certified (by bank) salary bank statements for the latest 6 months
  • Copy of ID Card/ Passport and KRA PIN Certificate
  • One coloured passport size photo
  • Copy of title to the property being purchased/charged with a minimum lease term 45 Years
  • Evidence of the project equity contribution by customers of a minimum 30% of the BQ cost excluding the value of Land

Project’s necessary Approvals

  • Approved building plans and approved structural drawings prepared by an Architect duly registered by the Architectural Association of Kenya (ASK)
  • NEMA approval where applicable
  • National Construction Authority approval (NCA)
  • Supporting Bills of Quantities ( BOQ) drawn by appointed Quantity Surveyor (QS)
  • Copy of executed building contract agreement stipulating the appointed professionals
  • Main contractor to take out a contractor’s all-risk insurance
  • Evidence of existing sources of income to service monthly rentals during the construction period

Financing Calculator

Financing Calculator
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