All about loans in Kenya
Who are debt collectors? Debt collectors try to collect money you owe to someone else. Debt collectors must follow rules when they call you. If they do not follow the rules, you can complain about them to the Federal Trade Commission. Can I stop debt collectors from bothering me? You can ask a debt collector […]
If you’re considering a debt management program, it’s important to understand all of the pros and cons and how it may affect your finances in the future. Pros One monthly payment rather than many: Having multiple monthly debt payments can be overwhelming, and a debt management program allows you to consolidate them into just one. Reduced […]
For some people, personal finance management is a passionate hobby, while for others it’s a daunting chore. Either way, personal financial planning – including budgeting, tracking your spending, and saving – is crucial if you want to get out of debt and reach your financial goals. So what’s required in good personal finance management? These 8 steps […]
Type of mortgage: Your risk tolerance will determine the type of mortgage you take. While a fixed mortgage helps you budget since the monthly payments are fixed, you may end up paying more in the long run. A variable mortgage can help you pay less in interest if rates drop – but if they rise, you […]
For first-timers, navigating the mortgage process can be a tad overwhelming. It can take over 2-5 months with many meetings with your lender. While it’s not the most complex homeownership route, understanding how it works can help you streamline the process, save time, and get the best deal. But before you start the process, you […]
In the current Kenyan market, several options are available for you to acquire a home. First, you could buy it through an instalment plan, pay in a lump sum or go the mortgage way. Today we shall talk more about the mortgage option by shedding light on the two common types of mortgages in Kenya. […]
Although construction loans in Kenya can be costly with comparatively high-interest rates, the fact is- we’ve seen developers who’ve calculatedly leveraged them for successful real estate projects. On the flip side, however, reports from various banks show that a fair number of the funded projects usually bite the dust. And as a result, financial institutions in […]
So you have decided to purchase a commercial property for investment, which one of the commercial mortgages will you have you choose from? Mortgage loans can be divided into two categories: Owner-occupier mortgages: This is used to buy a property that will be used as trading premises for your business. Commercial investment mortgages: This is used […]
The process of applying for a construction loan in Kenya will cost you not only time but also a considerable amount of money. You see, the bank won’t be paying your project manager, architect, civil engineer, quantity surveyor, or other project consultants. You’re required to appoint them in advance, and then have them use their […]
Mortgages are becoming more accessible, and a conventional way which buyers are using to acquire properties. Mortgages are mainly being used to purchase homes. Therefore, buyers take mortgages to assist them in purchasing a property. Most of the creditors in Kenya will require the borrower to provide a title deed as collateral for the loan advanced […]