Does Stanbic Bank offer 24 Hour Home Loans?
Our home loans team is available to give you 24 hour service. Created with Sketch. Which mortgage option would you like? Stanbic Bank is offering mortgage finance to the diaspora for the acquisition of completed houses, construction of new properties, property improvements and equity release.
What is a reducing balance loan in Kenya?
This is different from the flat interest type of loans where the borrower pays a flat interest on the total loan amount from start to end of the borrowing period. In Kenya, most loans are reducing balance type loans, check the loan calculator that you are using to confirm that the formula takes this into account.
How are loans priced in Kenya?
In Kenya, most loans are reducing balance type loans, check the loan calculator that you are using to confirm that the formula takes this into account. How are loans priced in Kenya? Historically, the interest rates on loans have been set by lenders (commercial banks and microfinances).
What is a property owner loan in Kenya?
It caters for 100% sale price plus the closing cost i.e. Stamp Duty and Legal Fees Because you own a property, you are sitting on a valuable asset. With a Property Owner Loan, you can turn this valuable asset into money that can work for you This solution allows you to purchase residential property within major towns in Kenya