Access bank financing in Kenya has never been easy thing especially when you are buying land property. Kenyans bank have developed financial products that best match the market demands.<\/p>\n\n\n\n
Buying land is one of the best investment options that one can make. First, it appreciates in value. Secondly, it has high liquidity since it is easily resalable. Most people already understand why investing in real estate is important. However, the challenge comes in when it comes to raising funds to purchase land.<\/p>\n\n\n\n
Getting full amount in cash to purchase land might be difficult for many people. This is why the first thing you need to do when you think of buying land is to have a financial plan.<\/p>\n\n\n\n
Most institutions finance a percentage e.g. 80% of the total amount. This means that you need to have your 20% already. Start by saving money for your project in advance. Open a savings account such as ABC PureSavers account<\/a> or if you are in the diaspora and would like to invest back home you can open an ABC Global Savings <\/a>Account that will help you have the discipline of saving while still earning interest. <\/p>\n\n\n\n Having savings is not only for the project but also to build your credibility when the Bank checks your financial statements before advancing you a loan.<\/p>\n\n\n\n Most commercial banks will want to deal with incorporated companies or real estate dealers compared to individuals. This is because with individuals, it may be ancestral land allocated to several family members, may not have a title deed, has never been valued and other such things which make the purchase process complicated.<\/p>\n\n\n\n The good thing about Bank financing is that they have to ensure due diligence is done before advancing you the loan. This is to ensure the credibility of the sale. Searches and valuations have to be done to check on the rightful owner and value before proceeding.<\/p>\n\n\n\n When getting a loan from a bank it is important to get insurance for your asset and for yourself. This will ensure that you are protected in case you are unable to finance the loan. ABC Bank through their brokerage ABC Insurance Brokers<\/a> offers ideal covers for such investments.<\/p>\n\n\n\n Interested in creating a financial plan for investing in real estate? We at ABC bank offer bank financing for real estate and land properties .<\/p>\n\n\n\n Contact us via 0701 700 700<\/strong> or talk2us@abcthebank.com<\/strong> or visit our website www.abcthebank.com<\/a> for more details.<\/p>\n","protected":false},"excerpt":{"rendered":" Things you need to know when seeking bank financing for land in Kenya. Investors have a window to use loans to finance land but most do not know.<\/p>\n","protected":false},"author":2,"featured_media":21923,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[231],"tags":[77],"class_list":["post-21928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-bank-financing"],"rttpg_featured_image_url":{"full":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",1140,761,false],"landscape":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",1140,761,false],"portraits":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",1140,761,false],"thumbnail":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing-150x150.jpg",150,150,true],"medium":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing-300x200.jpg",300,200,true],"large":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing-1024x684.jpg",640,428,true],"1536x1536":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",1140,761,false],"2048x2048":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",1140,761,false],"bizberg_medium":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",300,200,false],"bizberg_gallery":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",500,334,false],"bizberg_blog_list":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",360,240,false],"bizberg_detail_image":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",599,400,false],"bizberg_detail_image_no_sidebar":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",599,400,false],"bizberg_portfolio_homepage":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",600,400,false],"bizberg_blog_list_no_sidebar_1":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2020\/11\/Buying-land-in-Kenya-through-bank-financing.jpg",220,147,false]},"rttpg_author":{"display_name":"username","author_link":"https:\/\/www.usernameproperties.com\/blog\/author\/username\/"},"rttpg_comment":0,"rttpg_category":"Blogs<\/a>","rttpg_excerpt":"Things you need to know when seeking bank financing for land in Kenya. Investors have a window to use loans to finance land but most do not know.","_links":{"self":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/posts\/21928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/comments?post=21928"}],"version-history":[{"count":0,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/posts\/21928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/media\/21923"}],"wp:attachment":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/media?parent=21928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/categories?post=21928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/tags?post=21928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}2. Credible seller<\/strong><\/h3>\n\n\n\n
3. Due Diligence<\/strong><\/h3>\n\n\n\n
4. Insurance<\/strong><\/h3>\n\n\n\n
5. Value for your money<\/strong><\/h3>\n\n\n\n
The beauty of land is that you can develop it, buy-hold-resell, lease it or even farm yourself and get returns from it. This will help with repaying your loan to the bank and give you value for your money.<\/p>\n\n\n\n