Gulf African Bank - SME Mortgage

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SME Mortgage

Grow your business by acquiring new premises to secure your dream home through our SME Mortgage scheme. This product is tailored for both self employed and small business owners with steady incomes.

  • Minimum facility of Kshs. 2,000,000

  • GAB financing for urban property :-

  • Residential 80%

  • Commercial 80%

Self-employed persons

  • Complete SME Credit Application

  • Active GAB Account

  • Sale agreement or offer letter

  • Business registration certificate - if the business is registered

  • Certified/original bank statements for the last 2 years

  • Copy of ID/Passport

  • Certificate of official title search (with minimum lease of 45years)

  • Copy of title of the property

  • Confirmation that ground and land rates are fully paid to the City Council, with attached receipts

  • Approved building plans for new properties

  • Complete SME Credit Application

  • GAB Account for servicing mortgage

  • Sale agreement or offer letter

  • Certified copy of Memorandum & Articles of Association

  • Certified annual returns

  • Audited accounts for the last 2 years

  • Original or certified annual bank statements

  • Board resolution authorizing transaction

  • Copies of IDs, PINs for all directors

  • PIN certificate for the company

  • Limited companies: maximum 10 years

  • Commercial properties: maximum 10 years