• What you get

    Benefits of a business mortgage loan
    • Use your business mortgage to buy premises or release equity
    • Obtain mortgage for commercial purposes where the business will be operating
    • Use your mortgage for equity release on residential property
    • Get equity release for commercial property owned
    • Get financing to purchase commercial property
    • Discounted interest rate for Business Club Members
    • Choose from a fixed or variable rate of interest
    Requirements for this account
    • The business must be in existence for at least 4 years, showing profits in the last 3 years of operation
    • The minimum value of the property must be KES3 million for Nairobi and KES1,2 million for rural areas
    • The maximum loan will be determined by the value of the property and your cashflows

     

  • Documents required

    What limited countries need to apply
    • Certificate of incorporation or certificate of compliance if not locally incorporated
    • Memorandum and articles of association/CR8, CR12
    • Company PIN certificate
    • National identification card (for Kenyan citizens)/Passport (for foreigners) for all directors (plus ultimate beneficiary owners if company is owned by other companies) and signatories/known agents
    • 1 passport-size photo each for all the signatories and directors/known agents
    • Board resolution specifying the signing powers on the company letter head sealed with the company seal
    • Signed Absa account opening pack (sealed )
    • Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
    • Company physical address confirmation (can be found in the new PIN certificates)
    • Annual returns (for companies registered over one year ago)
    • Revenue stamp – KES100
    What sole proprietors need to apply
    • Certificate of registration
    • National identification card (for Kenyan citizens)/Passport (non Kenyans) 
    • 1 passport-size photo
    • KRA PIN
    • Signed Absa account opening pack (sealed)
    • Residential address confirmation (name estate, road and house number) for all directors and signatories (use the attached format)
    • Company physical address confirmation
    • Personal return
    • Revenue stamp – KES100
Are you interested in applying for a business mortgage loan?

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Need more help?

Call us on:
+254 (20) 3900000 (Landline)
+254 (722) 130120 (Mobile)
+254 (732) 130120 (Mobile)

Email us:
absa.kenya@absa.africa