DIB mortgage financing is a solution that avails funds to customers for purchase of completed residential housing unit, plot purchase or construction of a house on a preowned plot.
To start with, your net income should be able to support the monthly mortgage repayments and still remain within the 2/3 debt burden ratio. In addition, your salary should be channeled through DIB Bank Kenya.
You need to complete a Mortgage Facility application form and return it alongside some few basic personal documents. A checklist of required documents can be obtained at any of our branches.
You will be required to raise just 5% of purchase price and DIB will finance you for the 95% balance if purchasing a completed unit. For plot purchase DIB will finance 70% while for construction, DIB will finance 80%.
In addition to monthly repayments, other costs that you need to consider include but no limited to; legal fees, valuation fees, taxes and statutory levies, insurance premiums among others.
Kindly use our Financing calculator to evaluate your approximate repayment amounts.
Our Auto Finance avails funds for purchasing motor vehicles for personal or business use for sole proprietors.
Our process is quick and easy. Simply walk to any of our branches and our relationship team will assist you to complete the DIB Auto finance application form. Return the form to get with requisite documents and you will have a feedback within 4 days.
No. We financing you for both new and preowned vehicles.
The maximum age allowed for preowned (used) vehicles is 7 years from the date of manufacture.
DIB will finance up to 80% of purchase price for new vehicles and 70% for preowned vehicles. You will be required to deposit your portion of financing before the bank avails financing.
Through DIB personal finance, we provide you with funds required for your day to day needs. Whether to purchase household goods or meet emergency cash needs, this solution caters for it.
Your net salary after statutory deductions and other financial obligations determines how much you qualify to get as personal finance.
Yes it is mandatory that your employee remits your salary through DIB Bank for you to enjoy our personal finance facility.
There is a documentation fee of 2% for facilities of up to Kes 1 Million. Facilities above Kes 1Million will attract a lower fee of 1%.
Based on your income and other existing financial obligations, you may qualify for up to Kes 4 Million with a repayment period of up to 60 months.