This archive report was first published on 29 June 2020.
Published on June 29, 2020, Absa Bank Kenya PLC has partnered with Tatu City to offer preferential mortgage finance rates to potential home buyers at the Special Economic Zone development on 5,000 acres in Kiambu County.
The bank will provide home ownership facilities including construction loans, equity releases, and LARIBA mortgages, as well as insurance products such as mortgage protection, fire insurance, and retrenchment cover.
According to George Laboso, Head of Mortgage at Absa Bank Kenya PLC, "We are pleased to partner with Tatu City which welcomes dozens of new home owners to the city every week. This partnership will enable us help these home buyers realise their dreams. We are equally excited to help existing owners unlock capital to finance their construction and other home needs."
Tatu City's Head of Residential Sales, Beatrice Njeri, added, "Tatu City's mission is to offer homes and serviced plots that are accessible for all incomes, and the Absa partnership underscores that commitment."
Absa Bank Kenya PLC has been in the mortgage space for many years, offering some of the longest-tenured mortgages of up to 25 years in the market.
The bank has assigned a dedicated Relationship Manager to clients who own homes or are purchasing properties in Kijani Ridge, where Tatu City sells fully serviced plots from KES 12.4 million.
