Construction Loans

You want to buy land to build on or already have land to build on? We can help you build your dream home.

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What you get
  • Get up to 100% of the construction costs if plot is already owned
  • Get up to 80% for buying and building – Maximum of 20 years payback period
  • Construction loans are disbursed in four phases, 25% of the loan at a time, subject to architect’s certificate and relationship manager report
  • Building plans must be approved
  • BQs must be drawn by independent, qualified Quantity Surveyor
  • Fixed price contract for amount above KES10m
  • Construction site must be urban property intended for residential use
  • Both pre- and post-construction valuation fees are applicable
  • Stage valuations are done throughout the construction process
  • 9 month moratorium during construction after which repayment starts
  • Interest gets paid only on the drawn amount
Costs Percentage of mortgage amount (aproximate)
Transfer stamp duty 4% of home value / 2% for upcountry
Stamp duty on charge 0.1%
Negotiation fees 1% to 2%
Legal fees 1.2%
Fire insurance 0.125%
Home loan protection cover 0.3%
Valuation fees 0.25% of value of property

There are also costs involved for on-site visits that are variable depending on the location of your property.

Insurance and protection costs are annual.

Need more help?


Tel: +254 (20) 3900000
Cell: +254 (722) 130120
Cell: +254 (732) 130120


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