This archive report was first published on 29 June 2020.
On June 29, 2020, ABSA Bank announced a partnership with Tatu City to offer preferential mortgage rates to potential homebuyers in the special economic zones.
Under the partnership, clients will be able to purchase properties in Tatu's Kijani ridge, with fully serviced plots available from Ksh12.4 million.
ABSA will offer a range of mortgage products, including construction loans, equity releases, and LARIBA mortgage, as well as insurance products such as mortgage protection and retrenchment cover.
Normal mortgage applicants will be eligible for up to 80 percent financing, while customers taking up construction mortgages will be eligible for 100 percent financing.
Tatu City has received approval from the National Environmental Management Authority (NEMA) to start development on the project's 2,500-acre second phase.
