Gulf African Bank - Plot Finance

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Plot-Finance

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

  • Access to other GAB Finance Products

  • Competitive profit rates

  • Personalized service

  • Free financial consulting

  • Turn around processing period of 4 days.

  • Repayment period of up to 5 years

FACILITY TYPE FACILITY LIMITS BANK FACILITY OWN CONTRIBUTION

Residential plots

Up to Kshs. 20.0 million

50%

50%

  • Duly completed facility application form

  • Duly signed sale agreement

  • Pay slips for the last 3 months

  • Letter of introduction from employer

  • Certified bank statements for the last 6 months

  • Copy of ID/Passport & Copy of PIN Certificate

  • 3 passport size photos

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

  • Copy of title to property being purchased

  • Commitment levels at 50% of net income