Gulf African Bank - Diaspora Mortgage

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Diaspora-Mortgage1

Diaspora Mortgage is designed for Kenyan individual in the Diaspora looking to purchase residential properties within major cities in Kenya.

This product is designed for individuals who want to purchase plots to build residential properties.

  • Competitive profit rates

  • Repayment period of up to 10 years

MORTGAGE TYPE FACILITY’S LIMIT BANK FACILITY OWN CONTRIBUTION

Home finance (residential property)

Min:Kshs.1.0 M
Max:Kshs.20.0M

70%

30%

  • Must have held GAB account for a minimum of 3 months.

  • Duly completed facility application form.

  • Pay slips for the last 3 months.

  • Letter of introduction from employer confirming employment status (starting terms, retirement age, salary etc.) Must be a permanent job.

  • Certified bank statements for the last 6 months.

  • Copy of ID/Passport.

  • A valid visa and work permit (certified copies).

  • Copy of PIN Certificate.

  • 3 passport size photos

  • Vendor’s offer letter/dr.aft sale agreement or a duly executed sale agreement.

  • Copy of title to property being purchased.

  • Commitment levels at 50% of net income.