Get your dream home!
Buy a house earlier than you can imagine with our unique Step-up Home Loan.
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Buy a house earlier than you can imagine with our unique Step-up Home Loan
The I&M Step – Up Home Loan is designed to meet a wide range of needs such as the purchase of property, an undeveloped plot, construction, renovations etc. We offer 2 options for the Home Loan: EMI Payments and the unique Step–Up option.
Home Loan Calculator
Regular Home Loan (EMI Option)
EMI stands for Equated Monthly Installment which is an important part of your home loan. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan.
A longer loan tenure will reduce the Equated Monthly Instalments.
With the unique Step–Up option available with this facility, you can choose to pay lesser monthly repayments in the initial years and higher amounts in later years, thereby matching your repayments to your future growing income.
One can borrow as little as Ksh 2million and as much Ksh 100 million payable for up to 20 years.
This facility is also available in US Dollars.
Optional pre-approved Visa international credit card with a waiver on joining fees;
Free fire insurance cover for the first year with GA Insurance Co Ltd;
Pricing concessions for an increased margin of financing.
A unique step-up option, whereby you can choose to pay lower monthly repayments in the initial years and higher amounts in later years, thereby matching your repayments to your future growing income
Competitive pricing on Home Care insurance
Pre-approved Visa international credit card with a waiver on joining fees
Free fire insurance cover for the first year with GA Insurance Co Ltd
Up to 20 years repayment period for Kenya Shillings mortgage and 10 years for US Dollar denominated mortgage
Purchase of new or existing residential property
Purchase of undeveloped plot or land
Construction of residential property on a previously purchased land
Financing the purchase of a unit being built by a reputed developer
Take over of existing house loans from other financing institutions
Top-up of existing Home Loan with l&M Bank
Renovation, repairs, or extension of existing property
Equity release - raising funds from the value of your existing house Residential plot purchase
Commercial mortgage - purchase of commercial property, plot, or construction Mortgage in Foreign currency - US Dollar-denominated
We endeavour to make your property purchase deal hassle-free. We link you to professional services like lawyers, valuers, surveyors, etc and facilitate payments/documents execution for your property purchases.
Our Deal Facilitation services, offered from our Diaspora Banking Unit, are provided free of charge to Diaspora customers who sign-up for our mortgage services, and on payment of facilitation fees for Diaspora customers who prefer to use their own funds for purchasing their properties.
Want to apply for a home loan?
For details on requirements and the application process, kindly visit your branch or contact your relationship manager.