INDIVIDUAL & CORPORATE
MORTGAGELOANS
Our Products
Mortgage Division
Individual/Joint Mortgage
A product for individuals, joint membership and Kenyans in the diaspora
a) Outright House purchase mortgage;
This is a mortgage facility for outright purchase of a house for either Owner occupier or commercial purposes
b) Construction Mortgage;
A mortgage facility advanced to a member who has a plot and would wish to construct either residential house or a commercial house.
c) Plot purchase mortgage;
This loan helps to satisfy the aspirations of many Kenyans by providing access to funds that will contribute towards the purchase of a plot.
d) Equity release;
A loan product that targets individuals with existing houses/homes or property. With this, one is able to apply for financing using the existing security. The equity that is then charged to KUSCCO Housing; money is lent on the value of the equity
e) Plot buying and construction
A loan to an individual who intends to buy a plot and construct at the same time.
f) House completion and renovation
MULTIPLIER, REPAYMENT PERIOD AND INTEREST RATE:
| Loan purpose | Savings multiplier | Max loan repayment period | Interest rate |
| Plot Buying | 4 | 5 | 12% |
| Owner occupier house | 5 | 15 | 12.5% |
| Commercial houses | 4 | 15 | 12.5% |
All loans paid in 5 years, are at 12% p.a and loans above 5 years are at 12.5% p.a, on reducing balance
Corporate Mortgage
Loan purpose for corporates
- Land buying for sub-division to members;
– Plot buying ;
- Outright purchase of office blocks;
- Construction funding, both for own use or commercial property;
- Equity release funding;
- Develop gated community housing projects for group members
Savings multipliers – 4 times
Loan repayment period – Maximum of 10 years
Loan security:
- Title deed/ lease certificates
- Member savings
Grace period : 1 month for outright purchase of a house or plot loans and 3 months on construction loans on both principal and interest
Loan Calculator:
Jumuia Mortgage
A product for Individuals who are members and wish to undertake a common
project.Either buy plot and/or construct house that will fit all member
Incremental House Construction
KHC finance members to construct homes incrementally; from the house a member needs today to a house a member wants progressively
Cyclic Mortgage
A product that offers customer convenience of repaying their mortgages in pre-agreed cycles (Bi-monthly, quarterly, semi-annually) that correspond to their income receipts
Product is suited for those in the informal sector whose income flow is varied
Construction Services
KHC offer construction service to members who take construction mortgage. The service is available for all categories of membership
FIND A PROPERTY
BROWSE YOUR DREAM HOUSE
