ELSEK MORTGAGE LIMITED (EML)

ELSEK GROUP DOES REVOLUTION IN HOUSING AFTER 6 YEARS EXPERIENCE

  • ¬ House prices as low as starting from 600,000 kshs.
  • ¬ Interest rates as low as starting from 5% per annum
  • ¬ Monthly payments are as low as 10,849.95 kshs. per month.
  • ¬ Down payment starting from as low as 100,000 kshs.
  • ¬ You will start to pay installments after you occupy the houses.

Housing Financing

If you own a plot, get you EML faster by talking to us. With EML and Elsek, allow us to take away all the stress. Elsek and EML offers you wide range of end to end project management and financing solutions to suit your budget.

We build your home and you move in within 60 days and Pay up to 4 Years!

We offer hassle free application process compare to the tedious processes offered in the market. Procedures are as follows;

  • ¬ Please finalize all the decisions about your house ‘’ Click Here‘’
  • ¬ You will complete the loan application form
  • ¬ Provide a copy of the tittle deed
  • ¬ Choose the payment mode View Table Below
  • ¬ Move to your house within 60 days.

elsek-slider_motgage

For more information call us on +254 0707717171 or +254 0715500000

Or email us on info@elsek-elsek.com or sales@elsek-elsek.com for prompt assistance.

ELSEK MORTGAGE LIMITED BORROWING RATES AND PROCEDURES

INDIVIDUAL HOUSES 50% MORTGAGE VALUE.

PROCEDURES:

  1. After they get the quotation from the sales department they have to apply for a loan.
  2. Upon application form to be provided customer has to pay application fee

See Fee schedule as attached separate chart

After the Application form is received from the Elsek Mortgage Limited , we will require information documents about the customer.

  • (i) National Identity Card/Pass port
  • (ii) PIN Number
  • (iii) Utility Bill/Tenancy Agreement
  • (iv) Pay slip – Salaried Employees
  • (vi) Six Month Bank Statement
  • (vii) Copy of Title Deed
  • (viii) Reference Letter from (Employer and Local Administration)
  • (ix) Credit approval,

If credit approved by the credit control, client will receive 3 original offer letters and a elsek_emf_cashnegotiation fee of 2% shall be charged

Feedback on application will be done within 2 working days on receipt of all documents.

  1. On acceptance the customer will sign and return 2 of the original offer letter together with deposit slip. Click for sample Letter of Offer

In offer letter we have to mention the bank for the down payment deposit.

 

5% PER ANNUM INTEREST

SECURITIES

Tittle Deed | Car Log Book | Employer Letter Of Undertaking | Sacco Letter Of Undertaking.

MORTGAGE PAYMENT PLAN

Amount of the HouseDown PaymentCompletion12 months18 months24 months36 months48 months
KES 500,000KES 150,000KES 100,000KES 21,973N/AN/AN/A
KES 750,000KES 200,000KES 175,000KES 32,884KES 25,059N/AN/A
KES 1,000,000KES 300,000KES 200,000KES 43,845KES 33,411KES 22,977N/A
KES 1,250,000KES 325,000KES 300,000KES 54,807KES 41,764KES 28,722N/A
KES 1,500,000KES 400,000KES 350,000KES 65,768KES 50,117KES 34,466N/A
KES 1,750,000KES 475,000KES 400,000KES 76,729KES 58,470KES 40,210N/A
KES 2,000,000KES 550,000KES 450,000KES 87,691KES 66,823KES 45,955N/A
KES 2,250,000KES 650,000KES 475,000KES 98,652KES 75,176KES 51,699KES 36,061
KES 2,500,000KES 700,000KES 550,000KES 109,614KES 83,528KES 57,443KES 40,068
KES 2,750,000KES 750,000KES 625,000KES 120,575KES 91,881KES 63,188KES 44,075
KES 3,000,000KES 800,000KES 700,000KES 131,536KES 100,234KES 68,932KES 48,081
KES 3,500,000KES 1,000,000KES 750,000KES 153,459KES 116,940KES 80,421KES 56,095
KES 4,000,000KES 1,250,000KES 750,000KES 175,382KES 91,909KES 64,108KES 50,225
KES 4,500,000KES 1,250,000KES 1,000,000KES 197,304KES 103,398KES 72,122KES 56,503

FOR ABOVE KES 4,500,000 we have to discuss with customer face to face.

Interest rates are subject to change depending on market forces and inflation.

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