Housing finance group (HF) is a premier mortgage financing organization in Kenya. It is licensed under the banking Act. Its main objective is implementation of the government policy of enabling thrift and home ownership. Housing finance aims at providing integrated financial solutions focusing on supply and demand for commercial and residential property benefiting their stakeholders. It offers the following products;
Home Owner Mortgages
Asset finance helps you in acquiring assets for both personal and business use such as pre-owned and new tractors, vehicles, office equipment, medical and laboratory equipment among so many others. The minimum amount you could get is Kshs.300, 000 and up to 90% financing depending on the kind of asset you want to purchase. The repayment period is up to 72 months. Added advantage is that insurance premium finance is available.
A product that enables you to acquire solar water heating systems so that you could save on electricity bills as you comply with Energy Regulatory Commission regulations. Helps in financing up to 100% cost of the solar water heating system equipment. The interest rates are very competitive at 18.5% per annum. The approval process is quick as it is within 24 hours. The maximum repayment period is 5 years. Has added advantages of free installation, insurance cover for the equipment, quality equipment by reputable vendors with a life span of more than 20 years, up to 7 years warranty on the equipment and after sale services provided by the vendor.
SME BUSINESS LOANS
Maximum loan amount of up to Kshs.60 million with a repayment period of up to 3 years. Have very competitive interest rates. Requires collateral such as a vehicle log book, you credit history, landed property, and shares listed in the Nairobi Securities Exchange, cash collateral or even life insurance policies.
This type of loans has very quick approval process and flexible repayment periods with a maximum time limit of 4 years. Check-off system is an available option for repayment of the loan.
The loan minimum amount is Kshs.50, 000 while the maximum amount is Kshs.2 million. The maximum repayment period is 2 years. They require security such as life insurance policies, co-guarantee, vehicle logbooks, stock hypothecation, shares listed in the Nairobi Securities Exchange and even household items.