Loan General Terms Interest Rate – 9% P.A. Repayment period – 20 years. Loan processing fee – Kes.1,000. Loan maximum amount – 8 Million For Construction Home Loans Approved building Plans. Approved Structural drawings. Priced Bill of Quantities. Profiles for the Architect, Contractor and Quantity Surveyor. Valuation Report-To be done after the borrower has agreed to apply for the home loan. Copy of title to property being purchased/charged. For House Purchase Loans Sale Agreement duly signed by both parties and witnessed by a lawyer or offer for sale. Valuation Report-To be done after the borrower has agreed to apply for the home loan. Copy of title to property being purchased/charged. External Home Loan Costs to be met by borrower Legal fees-SACCO to provide a panel of lawyers. Stamp duty(4% urban&2% rural)-For house purchase cases only. Valuation fees-Kes.20,000 for land within Nairobi and its environs, Kes.25,000 outside Nairobi. For cases where the land has developments, Kes.25,000 within Nairobi and Kes.30,000 outside Nairobi. Stamp duty on charge-0.1% of the loan amount. Annual loan protection insurance premium-0.35% of the loan amount.