I&M Banh and Centum Re Partners to Enhance Clients Mortgage Solutions
I&M bank and Centum Real Estates solidifies their partnership through through signing of memorundum of understanding (MOU) aiming to streamline the home purchasing process for Centum Real Eastates customers.
I&M bank have dorminated five countries in Africa: Kenya, Mauritious, Rwanda, Tanzania and Uganda.
This partnership will empower potential homeoners by providing enhanced access to mortgage financing solutions and buildcustomers due to financial availability.
Under the terms of agreement I&M bank will firmly support Centum diaspora clients, by assisting them in mortgage application and facilitating equity release arrangements for home purchases.
The financing arrangement enablesup to 90%financing for Kenyan Shilling mortgages and up to 80% for dollar mortgage.
The interest rate for kenya shilling loan facilities is set at an attractive minimum rate of 13.80%. Kenneth Mbae, Centum Real Estates Managing Director, emphasized the mutually benefial nature of their partnershipwith multiple banks, creating avenues for local and diaspora clients ,who are particularly focused on veryfying property quality value.
I&M bank CEO Gul Khan asured to provide support to their clients during this harsh economic times.
Martin Muchemi Head of Mortgage at I&M bank, expressed enthuasiasm about partnership, highlighting the commitment of both entities to delivering innovative mortgage solutions.
He stated “This collaborative efforts signifies.
our dedication to transform home ownership dreams into reality. It also reaffirms our commitment to provide tailored services to our valued clients.
“I&M bank boasts a robust Mortgage Financing offering designed to cater to diverse needs such as property purchase, undeveloped plots, construction and renovations. This solution provides a range of products addressing customers requirements in terms of loan amount, purpose and repayment flexibility.
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