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BARCLAYS BANK LOANS

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Barclays Bank is a financial institution in Kenya that serves the banking wants of individuals, small and large businesses. The bank offers personal banking, premier banking, Barclaycard, business banking as well as corporate banking. It is also an investment bank offering finances, strategic advise and even risk management needs to their clients. They also offer the following types of loans:

Personal loans

  • Barclay loan: this is a personal unsecured loan for the salaried individuals. You can borrow up to Kshs.6 million with the repayment period being 12 to 72 months. This credit facility comes with an affordable credit life insurance. No collateral is required as you apply for this loan. Enables you to do whatever your heart desires whether it is buying a plot, a vehicle or even furthering your studies.
  • Scheme loan: an unsecured loan for individuals who are employees of companies that has an agreement with Barclays Bank. It is repaid by use of check off system. Comes with an affordable credit life insurance as it is unsecured meaning no collateral required as you apply for the loan. You can borrow up to a maximum amount of Kshs.6 million. Flexible repayment period of between 12 to 72 months.
  • Barclays direct loan: a loan that is meant for employees of large corporations or multinational organizations. An unsecured personal loanthat has very competitive rates and fees and quick turnaround time.
  • Expatriate loan: a loan made for individuals that are foreigners and are working in Kenya. The loan is personal and unsecured. For you to qualify for such a loan the general requirements are; a current account with Barclays bank, be a Kenyan resident, possession of a valid work permit and a valid employment contract with a reputable institution that operates in Kenya.
  • Secured loan: a loan designed for current executive with competitive interest rates and flexible terms of repayments. You can borrow up to a maximum amount of Kshs.15 million and repayment period of between 12 to 72 months.

Morgages

  • Home loan straight purchase: Barclays offers to finance your home up to 90% of the market value with repayment period going up to 25 years dependant on the retirement age. The value of the property could be Kshs.1.5 million u country and more than Kshs.2 million in Nairobi. There is bank charges known as negotiation fees of 1.05% of the value of your loan.
  • Equity release: Barclays offers you up to 80% of the value of your home as loan and the security is your home. The repayment period being up to 15 years dendant on the retirement age. The interest rates are very competitive on reducing balance.
  • Construction loans: for this loan Barclays bank finances up to 100% if the land is fully owned by you as their client. Repayment period is of up to 20 years dependant on your retirement age.
  • Buy to let: a loan that targets premier clients who intend to build a portfolio of investment properties. The maximum loan amount is up to 70% of the value of the property being purchased. Repayment period is of up to 25 years. Confirmation of whether it is a residential or commercial property is a must.

REFERENCE

https://www.barclays.co.ke/personal/lending/loan/index.html

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