Elsek & Elsek Group

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.

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-slider_motgage

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.

INDIVIDUAL HOUSES 50% MORTGAGE VALUE.

ELSEK MORTGAGE LIMITED BORROWING RATES AND PROCEDURES

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.

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

If credit approved by the credit control, client will receive 3 original offer letters and a negotiation 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 House Down Payment Completion 12 months 18 months 24 months 36 months 48 months
KES 500,000 KES 150,000 KES 100,000 KES 21,973 N/A N/A N/A
KES 750,000 KES 200,000 KES 175,000 KES 32,884 KES 25,059 N/A N/A
KES 1,000,000 KES 300,000 KES 200,000 KES 43,845 KES 33,411 KES 22,977 N/A
KES 1,250,000 KES 325,000 KES 300,000 KES 54,807 KES 41,764 KES 28,722 N/A
KES 1,500,000 KES 400,000 KES 350,000 KES 65,768 KES 50,117 KES 34,466 N/A
KES 1,750,000 KES 475,000 KES 400,000 KES 76,729 KES 58,470 KES 40,210 N/A
KES 2,000,000 KES 550,000 KES 450,000 KES 87,691 KES 66,823 KES 45,955 N/A
KES 2,250,000 KES 650,000 KES 475,000 KES 98,652 KES 75,176 KES 51,699 KES 36,061
KES 2,500,000 KES 700,000 KES 550,000 KES 109,614 KES 83,528 KES 57,443 KES 40,068
KES 2,750,000 KES 750,000 KES 625,000 KES 120,575 KES 91,881 KES 63,188 KES 44,075
KES 3,000,000 KES 800,000 KES 700,000 KES 131,536 KES 100,234 KES 68,932 KES 48,081
KES 3,500,000 KES 1,000,000 KES 750,000 KES 153,459 KES 116,940 KES 80,421 KES 56,095
KES 4,000,000 KES 1,250,000 KES 750,000 KES 175,382 KES 91,909 KES 64,108 KES 50,225
KES 4,500,000 KES 1,250,000 KES 1,000,000 KES 197,304 KES 103,398 KES 72,122 KES 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.