All about loans in Kenya
In Kenya, banks are the leading mortgage lenders. However, insurance companies and other financial institutions offer mortgage loans to Kenyans. In 2018, the Finance Cabinet Secretary, Henry Rotich, announced the Kenya Mortgage Refinancing Company (KMRC) formation. The non-bank financial institution aimed to offer affordable long-term funding. As a result, banks and other mortgage lenders can offer long-term […]
Raising a high down payment is a sure way of getting a great mortgage deal. Buying a home is the most expensive transaction that most Kenyans will ever make. Since most people do not have that kind of money in cash, a mortgage — in which you borrow cash from a bank and spend years […]
If you are like most people, you will agree that owning a house or a home in Kenya today is one of the most accomplished undertakings. It is expensive and frustrating to do that. The cost of land is ever-rising; the price of construction materials is on the roof, and so much more. Now, imagine […]
For many Kenyans, owning a home is a lifelong dream that is possible presently more than ever thanks to several cheap mortgage rates in Kenya today. A mortgage is a loan in which the property or real estate is used as collateral. The borrower (you) enters into an agreement with the lender (often a bank) to receive a lump […]
Owning a home is most people’s dream. But it comes at a cost. Compared to other real estate financing options, mortgages remain the common way to purchase a home globally, but Kenyans remain skeptical of them and the mortgage uptake in Kenya is still nothing to write home about. Mortgage Projections Mortgages are quite attractive owing to […]
Buying a home is a major milestone in life. But, it’s also a big financial decision. While it might seem like there are many steps involved with getting a mortgage, your journey can be made easier and more seamless if you know what to expect and how to prepare for the process. How To Finance […]
BOA aims to offer you a comprehensive mortgage finance solution. This focuses on providing personal and specialized services to meet their clients’ specific needs. They tend to achieve this by enabling their clients buy, build or improve their own properties. Mortgage Products Offered: Home improvement: this is a facility that is granted to renovate or to […]
When this year began, we had 2 financial goals: To put as much money as we could towards my debt freedom. To get my monthly passive income to match our monthly expenses. Yaaay! Goal one is officially done and dusted. All the money that we were putting towards debt payment will now go towards making the […]
A personal loan is a type of installment loan that gives you a fixed amount of money in one lump sum. Personal loans are usually unsecured, meaning you don’t have to use collateral to secure funds. Repayment terms can range between one and twelve months. Personal loans can be used for almost anything, although specific lenders may […]
Getting out of debt isn’t easy. Sometimes it takes all you have to keep up with monthly bills and save for a rainy day, let alone pay the minimum monthly payments on your credit card. Fortunately, there are plenty of ways to get out of debt that won’t make you miserable. Here are some of […]