Diaspora Mortgage Banking


Dedicated to offering the best investment opportunities back home. This product is a devoted mortgage arm to ensure you get secure and efficient services in this acquisition process.

With over 100 years’ experience as financial advisors we are fully qualified and educated to the highest standard on both residential and commercial purchase of property

Qualifying Criteria
  • Must show proof of employment with pay-slips for latest 3 months
  • Letter from employer confirming employment status clearly stating the terms of employment, retirement age and remuneration*
  • Work Permit*
  • Must reside abroad
  • Kenyan passport
  • Notarized documentation done by your Embassy, Notary Public, current banker
  • Proof of income
  • Utility bill/bank statement
  • Bank statements for the latest 6 months*
  • PIN Certificate
  • Open KCB Bank account – Balance Kshs.10,000.00
  • Three passport size photographs*
  • Sale agreement duly signed by both parties and witnessed by a lawyer
  • Copy of title to property being purchased/charged (Minimum lease term 35 years)
  • Up to 75% of net disposable income considered for mortgage repayments.
  • Valuation report plus photographs of property being financed and/or charged together with certificate of official search from Land Registry (this will be carried out after assessing applicant).
  • One colored passport size photo taken on white background.
  • Loan to value for residential/commercial 80% – plot purchase 60% and construction 80%
  • Up to 50% of gross income considered for mortgage repayments
Rates & Fees
  • Individual borrower’s maximum – 15 years
  • Plot purchase maximum – 5 years
  • Commercial property – 20 years
  • Interest rates Ksh 14%, USD 10.5% and GBP 9%
  • Commercial property rates at 17%
  • Internal Costs: Appraisal fees (2.5% of loan amount)
  • Internal Costs: Ledger fees – Kshs.350= p.m.
  • External Costs (to be met by the borrower): Legal fees
  • External Costs (to be met by the borrower): Stamp duty (4% of cost of property) – purchase cases only
  • External Costs (to be met by the borrower): Valuation fees
  • External Costs (to be met by the borrower): Stamp duty on charge (0.1% of loan amount)
  • Annual fire and mortgage protection insurance premium

Diaspora Forms

Account Opening Form

Direct Debit Form

Funds Tranfer Request Form

CDSC Application Form

Internet Banking Application Form

E-mail Facsimile Authority Form

KCB Diaspora Travel Insurance Form

For US citizens you need to provide the below documents as proof of compliance with the Foreign Account Tax Compliance Act (FATCA):

FATCA Consent Form

W-9 Department of the Treasury Internal Revenue Service Form

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