wazua Fri, Jan 31, 2025
Welcome Guest Search | Active Topics | Log In | Register

Which bank or Sacco in Kenya has the best loans and deposit rates?
Options
Previous Topic · Next Topic
MBAFRC7
#1 Posted : Sunday, June 10, 2012 2:53:18 AM
Rank: Hello


Joined: 6/10/2012
Posts: 3
Hello members,
I am looking to build a few rental houses on a plot I have, and for this, I have two questions:

1.Which is the best bank/Sacco for borrowing for this purpose? Right now, am not a member of any SACCO.

2. I need to invest some money also in the best deposit bank/institution in Kenya..any ideas which has the best interest rates?
Back to top
 Report Abusive | Report SPAM
chiaroscuro
#2 Posted : Monday, June 11, 2012 9:09:34 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Welcome to wazua...

SACCOs charge around 12%pa... but you need to have been a member for at least 6 months and you also need to know other members to guarantee your loan. Generally you'll get three time your investment and pay back in 36 months.

Money-market funds operated by Unit Trusts offer quite decent returns - some even higher that CBK's T-bills. Most insurance companies have them so pick up the phone and start calling. Also check the business pages of daily newspapers [the page where stocks are listed] to see which MMF has the highest rate.
Back to top
 Report Abusive | Report SPAM
Kaka M
#3 Posted : Monday, June 11, 2012 1:41:28 PM
Rank: Member


Joined: 4/18/2011
Posts: 459
MBAFRC7 wrote:
Hello members,
I am looking to build a few rental houses on a plot I have, and for this, I have two questions:

1.Which is the best bank/Sacco for borrowing for this purpose? Right now, am not a member of any SACCO.

2. I need to invest some money also in the best deposit bank/institution in Kenya..any ideas which has the best interest rates?



The best Sacco changes from one person to the other reason being that where u know most people who can guarantee your loans would be the best Sacco to join. As for who is offering the best interest rates, I have seen Wazuans talking about DTB or small banks eg I & M, Family, Fina it may be a good idea to also consider avenues eg Unit trust like @Chiascuro has mentioned.
Back to top
 Report Abusive | Report SPAM
Thiong'o
#4 Posted : Monday, June 11, 2012 4:02:45 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
Kaka M wrote:
MBAFRC7 wrote:
Hello members,
I am looking to build a few rental houses on a plot I have, and for this, I have two questions:

1.Which is the best bank/Sacco for borrowing for this purpose? Right now, am not a member of any SACCO.

2. I need to invest some money also in the best deposit bank/institution in Kenya..any ideas which has the best interest rates?



The best Sacco changes from one person to the other reason being that where u know most people who can guarantee your loans would be the best Sacco to join. As for who is offering the best interest rates, I have seen Wazuans talking about DTB or small banks eg I & M, Family, Fina it may be a good idea to also consider avenues eg Unit trust like @Chiascuro has mentioned.


@MBAFRC7, you can get a loan here at 13%
http://www.nhckenya.co.ke/
Back to top
 Report Abusive | Report SPAM
MBAFRC7
#5 Posted : Tuesday, June 12, 2012 4:21:04 AM
Rank: Hello


Joined: 6/10/2012
Posts: 3
Thanks all for the guidance...however @ Thiong'o, NHC does not loan people money to build houses for rental houses. They seem to be more concerned with owner occupied housing.

Any other ideas will be appreciated.
Back to top
 Report Abusive | Report SPAM
Thiong'o
#6 Posted : Tuesday, June 12, 2012 9:11:55 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
MBAFRC7 wrote:
Thanks all for the guidance...however @ Thiong'o, NHC does not loan people money to build houses for rental houses. They seem to be more concerned with owner occupied housing.

Any other ideas will be appreciated.


@MBAFRC7, other ideas.
KUSCCO
http://wazua.co.ke/forum.aspx?g=posts&t=17557
and SCB @16.9%
http://www.standardchart...loans/mortgage-loan/en/

smile
Back to top
 Report Abusive | Report SPAM
hobbit
#7 Posted : Thursday, June 21, 2012 9:35:09 PM
Rank: New-farer


Joined: 5/25/2011
Posts: 88
See this thread.....

It will assist you..

http://wazua.co.ke/forum.aspx?g=posts&t=9596
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua SME Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.