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NCBA, Tatu City Sign a Mortgage Financing Deal

NAIROBI, Kenya, Oct 8NCBA has partnered with Tatu City to offer aspiring homeowners’ mortgages at the 5,000-acre Special Economic Zone on Tatu’s mixed-use development in Nairobi.

Under the deal, NCBA will provide a suite of options to prospective homeowners including plot purchase, construction financing, and buy-and-build property finance loans.

Mortgages are available to both salaried and non-salaried home buyers at Tatu City.

Salaried buyers will enjoy payment terms up to retirement age and non-salaried customers will have terms up to the age of 65.

The buy-and-build financing model is available up to 100 percent, enabling customers to buy a plot and construct simultaneously.

“Owning a home has never been easier, and this partnership has been designed to enable home buyers to realize their dream of living and working at Tatu City,” said NCBA Head of Property Finance Stella Mutai.

“At Tatu City, we believe that accessible homeownership is the right of every citizen. Tatu City’s ability to offer aspiring homeowners innovative mortgage products from NCBA underscores our commitment to providing homes for all income groups” added Tatu City Head of Residential Sales Beatrice Njeri.

Tatu City home and business owners will also have access to facilities such as Nova Pioneer school and Crawford International school. Further, businesses at Tatu City enjoy Special Economic Zone benefits, such as reduced corporate taxes and zero-rated VAT in the city.

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