Thu Sep 12 09:06:49 UTC 2024: ## NCBA Bank and Fanaka Real Estate Partner to Make Homeownership More Accessible in Kenya

**Ruiru, Kiambu County** – In a move aimed at making homeownership a reality for more Kenyans, NCBA Bank and Fanaka Real Estate have entered into a strategic partnership to provide tailored financing solutions. The partnership aims to ease the process of acquiring properties for both individual buyers and investors.

Under the agreement, NCBA Bank will offer mortgage loans to both salaried and non-salaried clients of Fanaka Real Estate, featuring flexible repayment plans and favorable terms designed to cater to a diverse range of buyers. Salaried clients will have access to mortgage repayment plans that extend to retirement age, while non-salaried customers will have options available until age 65.

The partnership also offers the “buy-and-build” financing solution, allowing clients to secure up to 100% financing for both land purchase and construction. This streamlined process will help reduce delays in achieving completed homeownership.

“This collaboration signifies more than just a business transaction. It’s about empowering Kenyan citizens to achieve their dream of owning a home in a more accessible and affordable way,” stated Fanaka Real Estate CEO Moses Muriithi.

NCBA Bank’s Group Director of Retail Banking, Tirus Mwithiga, highlighted that the partnership aligns with the bank’s ongoing affordable housing initiatives, including its home acquisition program offering a fixed rate of 9.5%.

Jared Omondi, NCBA’s head of Retail Sales, emphasized the broader impact of the partnership on economic growth and stability by making property ownership accessible to a wider segment of the population.

“Homeownership is a cornerstone of financial security and wealth-building for families. By reducing barriers to land and home ownership, this partnership ensures more Kenyans can lay the foundation for generational wealth,” said Omondi.

The partnership between NCBA Bank and Fanaka Real Estate represents a commitment to making the dream of homeownership a reality for Kenyans, offering a range of financing options and a seamless customer journey for both property acquisition and financing.

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