Loans

Business Mortgage Loan

Overview

Rental income (Buy-To-Let) Mortgage

Features & Benefits

  • Mortgage for owner occupation:1st or 2nd home or re-mortgage
  • Mortgage for commercial purposes where business will operate from
  • Equity Release (Property Related purpose) – Property being Residential single occupied
  • Loan repayment cover; Minimum cover should be at least 1.5 times
  • Age of business; At least 4 years in business, showing profits in last 3 years of operation
  • Value of property; Min: Kes 3 million for NairobI,2 million upcountry. Max: subject to LTV

Business Loan

Overview

Secured loan open to all business customers.

Features & Benefits

  • Age of business: 12 months
  • Tenor; 12 months- 36 months. Top ups after 9 months of consecutive repayments
  • Facility Amount; Min Kes 100,000
  • ~Secured - New to Bank Customers; Up to Kes 7,000,000 Existing BBK Customers; Up to Kes 7,000,000
  • Debt Service Ratio; 50%