Gulf African Bank - Diaspora Mortgage

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Let us make your dream of investing back home come true with our range of   facilities which will allow you to;

  • Buy your dream home 
  • Purchase land for commercial and personal use
  • Construct personal or commercial building

Requirements and documents for facility processing

  • proof of employment with pay-slips for last 3 months
  • Letter from employer confirming employment status, clearly stating the terms of employment, retirement age and remuneration
  • Work Permit and  Valid Visa for the host country
  • Must reside abroad- proof of residence e.g rental payments or title deed.
  • Kenyan passport
  • Notarized documentation done by Kenyan Embassy, Notary Public, current banker
  • Proof of other incomes.
  • Utility bill and Bank statements for the latest 6 months
  • PIN Certificate where applicable.
  • Open GAB Bank account
  • Three passport size photographs
  • Sale agreement duly signed by both parties and witnessed by a lawyer or vendor offer letter or draft sale agreement.
  • Copy of title to property being purchased/charged (Minimum lease term 45 years)
  • Net disposable income for mortgage repayments to be considered up to
  • 50% for salaries less than kes.50,000/=
  • 60% for salaries more than Kes. 50,000/=.
  • We finance upto the following amounts of the property
  • Residential upto 80% for 20 years for own use and 10 years for commercial
  • Plot upto 70% for 5 years
  • Construction 70% upto 10 years
  • Up to 50% of gross income(rental) considered for mortgage repayments