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DTB – DIAMOND TRUST BANK LOANS

Diamond Trust Bank Kenya Image

PERSONAL LOANS

These are loans offered to enable customers meet their temporary cash needs/ personal commitments.

What you get:

Ease & Convenience

  • DTB has an efficient and effective process in place that allows your application process to be completed within 48hours (subject to all documents being in place)

Flexibility

  • DTB has tailored flexible repayment plans to suit your needs Accessibility
  • DTB’s experienced and professional team is always easily available when and where you need them

What you need:

  • Have a well maintained account with DTB
  • Certified copy of PIN and National Identification card
  • Security in the form of: Property or cash margins

With their competitive interest rates, you get the best value every time.

TERM LOAN/CONSTRUCTION FACILITY

At a glance:

  • They can finance the construction of your dream home
  • They offer construction finance on property for rent or sell
  • They offer finance to purchase commercial property
  • To finance your short/medium & Long term working capital

What you get:

  • Min Kshs.100,000/= – Max amount subject to Appraisal
  • Flexible repayments up to 7 years
  • Finance available up to 80% of the project cost

What you need:

Individual Applicants:

  • Certified ID/Passport Copies
  • Certified Copy of PIN Certificate
  • Passport Size Photographs.
  • 3 Months Pay Slips
  • Certified Copy of Title Deed
  • Bank Statements for the Past 12 months
  • For joint application, Marriage Certificate or an Affidavit.
  • Valuation report(s), if available and copy of the document evidencing ownership of the asset offered as security.
  • Financial projections and plans for the business i.e. cash flow month by month for the next 24 months if construction is for sale
  • Financial projections and plans for the business i.e. cash flow month by month for the next 7 years if construction is for rent.
  • Feasibility study report or project proposal showing the present marketing set-up and strategies adopted / introduced to increase the sales.
  • CV’s of the promoters and top management on the lines of format as shown on page 5 of the form.
  • Approved building plans and structural drawings (if available).
  • Priced Bills of Quantities (if available).
  • List and Profiles of the professionals involved in the project i.e. architect, contractor, engineer(s), QS etc. (if available).
  • NEMA approval.
  • Names of purchasers or sales already concluded by your Managing Agent together with the down payment thereof.

 Corporate Applicants

  • Copy of Memorandum and Articles of Association.
  • Copy of the Certificate of Registration / Incorporation.
  • Financial projections and plans for the business i.e. cash flow month by month for the next 24 months.
  • Valuation report(s), if available and copy of the document evidencing ownership of the asset offered as security.
  • Copies of your bank account statements for the last 12 months.
  • Feasibility study report or project proposal showing the present marketing set-up and strategies adopted / introduced to increase the sales.
  • CV’s of the promoters and top management on the lines of format as shown on page 5 of the form.
  • Company profile.
  • Copies of the PIN certificates of the Company and Identification (or Passport) copies of each of the Directors.
  • Approved building plans and structural drawings (if available).
  • Priced Bills of Quantities (if available).
  • List and Profiles of the professionals involved in the project i.e. architect, contractor, engineer(s), QS etc. (if available).
  • NEMA approval.
  • Names of purchasers or sales already concluded by your Managing Agent together with the down payment thereof.

Repayment period is between 2 Years – 10 Years. (Subject to Credit Appraisal).

Fees

  • Competitive interest rate
  • Appraisal Fee
  • Legal Fees
  • Valuation fees
  • Insurance premium

LOANS AGAINST CASH SECURITY

DTB provides their customers with an option of offering cash as security for a loan.

What you need:

  • Have a well maintained account with DTB
  • Certified copy of PIN and National Identification
  • Provide purpose for the loan
  • Filled in application form – individual, joint, partnerships & corporate borrowings
  • Security in form of your Fixed Deposit with them.

ASSET FINANCING

With over 40 years of experience in hire purchase and numerous awards across the years DTB believes they can help you get the assets you need to drive your business forward.

(Best Bank in Asset Finance 2007, 2008, 2009, 2011, 2012)

What you need:

Individual (sole proprietors/partnerships)

  • Certified copy of PIN and National Identification card
  • 3 months pay slips (if employed)
  • Latest 6 months bank statements
  • Certificate of registration (if proprietor or partnership)
  • Copy of log book (used vehicle)
  • Valuation report from authorized valuer (used vehicle)

Companies

  • Certified copies of memorandum and articles of association
  • Certified copy of certificate of incorporation
  • Latest annual returns and filing receipts
  • Board resolution authorizing the borrowing

Other terms and conditions

  • Duly executed hire purchase agreement
  • Joint registration receipt
  • Three blank transfer forms
  • Comprehensive insurance cover for one year
  • Directors joint several and personal guarantee and indemnity
  • Rights of set off

MORTGAGE FINANCING

As your bank:

  • They can finance the purchase of your dream house to live in
  • They can finance purchase of houses for you to rent out
  • They can use your property as collateral for financing
  • They can assist you in getting a top up on an existing mortgage – Equity Release

What you get:

  • Finance available up to 90% of the value of the house
  • Custom made repayment plan to suit your needs.
  • Repayment by regular installments
  • Repayment minimum 1 year – maximum 20 years or 60th Birthday
  • Loan amount dependent on repayment capacity
  • Minimum amount Kshs.1 million – Maximum amount subject to Appraisal

What you need:

For employees

  • Copy of pin & National ID
  • Must have worked with their current employers for 2years
  • Must be confirmed in their present positions
  • Must open/ maintain account(s) with DTB where their salary is channeled by their employer
  • Statement of Net Asset & income
  • Reference letter from employer; and or bankers
  • Bank statements for the last 12 months
  • Last repayment date not to exceed the retirement age or their 60th birthday whichever comes first
  • Fill in an application form

Self-employed & Business Entities

  • Bank statements for the Last 12 months
  • Fill in an application form

Other terms & Conditions Applicable

  • Copy of Duly Executed Sale Agreement, duly signed dated and stamped
  • Valuation report from authorized valuer
  • Charge over the Financed Property
  • Letter of offer between seller & buyer
  • Certified copy of title deed
  • For joint applications, marriage certificate or affidavit

Fees

  • Competitive interest rate
  • Legal Fees
  • Valuation fees
  • Insurance premiums
  • Mortgage Life Protection cover

REFERENCE

https://www.dtbk.dtbafrica.com/for-you/borrow/borrow/loans

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