
|
Other costs associated with a acquiring a Home |
|
|---|---|
|
Stamp duty |
4% of property value |
|
Property insurance |
Based on value of the property |
|
Mortgage life policy |
Based on outstanding loan amount |
|
Valuation fees |
Dependent on property value |
|
Legal fees |
Dependant on loan amount |
|
Example – Loan of Kes 4,000,000 |
|
|
Stamp duty |
160,000 |
|
Property insurance |
5,022 |
|
Mortgage life policy |
22,000 |
|
Valuation fees |
12,000 |
|
Legal fees |
51,040 |
|
Bank facility fee |
30,000 |
|
TOTAL |
280,062 |
|
Please speak to your customer consultant and request for a loan repayment schedule |
Personal Banking queries:
Tel: +254 20 3268 888/0711 06 88 88
Email:customercare@stanbic.com
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Tel: +254 20 3268 999
Tel: +254 20 3268 280