Housing Loan Finance CompanyResidential loans Financing company
Residential loans Financing company Archive
The Housing Finance division is the premier residential mortgages bank in Kenya. Over forty years now, housing finance has turned dream houses into houses for hundreds of millions of Kenyan households and homeowners. Primarily through simple mortgages and the ability for our customers to reduce the cost of building, buying and owning their houses.
The Housing Finance Company of Kenya was established on 8 November 1965 under the Banking Act under the name Housing Finance Company of Kenya. Commonwealth Development Corporation (CDC) and the Government of Kenya are our founders. The Housing Finance Company of Kenya in 1992 made part of its capital available to the general public and became a company listed on the Nairobi Stock Exchange.
The Company's shareholdings have since increased in part through a stock offering on 26 February 1999, in which 30 million sovereign bonds were publicly offered, and on 11 July 2007, in which the CDC Group declared its willingness to divest all its stock to Equity Bank Limited and BAICL.
The Housing Finance Group of Kenya is a non-operating finance service holdings company formed in 2015 to meet the country's regulatory requirements for banks. 1. The Financing Company Limited (HFC Limited) is a residential mortgages and loans group. Housing Finance Entwicklung and Investment Limited (HFDI), is a housing developer and investor.
3. Housing Finance insurance agency (HFIA), an insurer. Housing Finance Foundation (HFF), an Umbrella Fund specialising in instalment and leasing finance for companies and private persons. When you want to buy your own home, our mortgage loan is specifically for you. The Vuna Hela Mortgage Loan offers you an accessible way to buy a home; The Vuna Hela Equities Releasing Loan is perfect for clients who already own a home and need money for other needs.
Up to 20% of the value of the property is financed for a maximum of 10 years. It allows you to acquire a piece of real estate for your building or your further use. It is a real estate credit line that is regarded as an initial capital expenditure and is not to be used as the prime home of the borrowers.
Ideal for people who want to buy another real estate to join the already established solid investments. Insurances Premier Finance is a short-term credit instrument intended to make it easier to finance your insurances premia. It is paid against the customer's insured contribution for a period of 10 month with a minimal funding of KES. 25,000.
IPF loan includes a trilateral arrangement between the client, the insurer (guarantor) and the bank (financier). Reference central bank interest rate (currently 10.0%) plus a 4% or 14.0% p.a. spread This is intended to provide financing for the performance of agreements on the HFC-approved corporate schedule for up to 12 month or less (1 year).
Your request has been properly completed. Bid Bond /Tender Guarantee, Performance Guarantee, Retention Money Guarantee, Collaterals of credits are available to help you hedge your trade risk by enabling you to guard against loss of supply from domestic or foreign vendors and guarantee your foreign payment. Microenterprises play a pivotal part in the economic growth.
The SME Biz accounts are specifically developed for SME' that are active in the economy and need funding to meet their needs and help their growth. Looking for an easy way to get your money on your bankroll with just one rate? Looking for an easy and convenient way to get to your financial information?
HFFC is the bank and real estate finance arm of the HF Group and offers complete real estate finance and bank business services. This includes Retail banking, trade finance, SME Banking, asset finance & premium assurance finance, real estate lending, mortgage lending, mortgage lending, mortgage lending, mortgage lending, venture finance and venture capital products. "As part of our full-service franchising approach, the new on-line franchising solution is designed to offer clients greater access and comfort in their finance operations.
Based on the new Kernel Bank system, this enables us to offer our clients access to appropriate electronic trading systems to facilitate their financing operations. With the new bank offering, clients can see their account at a single sight across multiple machines and perform remote operations such as retail payment and money transfer, significantly improving their bank operations.
Landowners can obtain finance for the construction of property, particularly for industrial use, in several ways. There are three main types of financing: ensuring finance through business banking, using equity investments in equity partnerships, generally known as equity investment companies, or bundling funds from individuals into a group.
Ensuring finance at business lenders - As a rule, the real estate landlord or builder contacts the lender with information on the type of investment to be funded. In order to assess the economic profitability of the projects, the EIB will go through the detailed information of the projects, consisting of site, costs of implementation and targeted area. High interest rate levels were the main obstacle to banking finance for real estate developments, but the increase in this methodology is likely to increase as interest rate limits are tightened.
HFC ltd is one of Kenya's premier real estate financers and has been shaping the real estate community for over 40 years, working with development professionals from the government and industry to provide real estate finance to individual and corporate clients. Venture Partnerships - The venture capitalists are usually individual persons or corporations with investment trusts and are always looking for projects with good yields for their bucks.
Since Kenya's property market is one of the most profitable, this type of finance is rapidly becoming more important. As a rule, the property owners and equity providers constitute a project-specific company with conditions as to how the profit from the investment is distributed. Company owners assign the property to the developer, while investor provides funding for the building of the property.
Resource poolsing by single investor - The resource pools are usually conducted by single investor with shared asset objectives, mainly in properties. Bundling our assets with other stakeholders enables us all to accomplish a little more than we could alone. Such groups usually have a 3-8 year lifecycle, according to the type of projects, with an early 12-18 months fixation phase, followed by a retention phase to maximise rent or sales revenue and reduce operational costs where possible.
Repeat the process if the success of the operation is achieved and a joint commitment is established within the group. Designing a concept and realizing this vision takes a lot of work and the right people. The HFC Finance Solutions are aimed at both small and large builders who want to build more than one unit either for rental or for purchase.
Our in-house expert teams work in close cooperation with experienced specialists from the planning and building industries to develop the investor's concept into a sustainable project, paired with customized service to fulfill our clients' needs. It is available for a variety of real estate applications, such as offices, shopping malls, custom catering and education.
When you do it right, you have the agility to grow your company and meet your daily costs. So if you have an existing company with a large inflow of funds, you can begin with one. Working capitals can include practically every aspect of your finance, but in the end you need them to keep your company going.
Every company operating in the business-to-business segment is confronted with loopholes in terms of liquidity, for example when customers are paying 30, 60 or even 90 day overdue. In order to keep your company going while you wait for your payments, you should consider bill finance, a form of finance in which the banks present you with your bills overdue.
So long as the businesses that owed you your currency have good loans, HFC can provide you with real estate even if your company is new and you have bad loans. It is important when looking for an operating loan to benchmark all your choices on the basis of annual percentage rate of charge (APR), which is the actual amount of the loan, plus all charges.
We have developed our own personal trip coverage for travellers like you to ensure everything you need is insured. And we make sure that you are insured even if you run out of it. Therefore we offer trip insurances for independents only to keep you on the street. We value your vehicle as much as you do. Why not invest in protection?
Fully hull our auto accident cover includes all types of vehicles against accidents or tipping over, fire and burglary losses or damages, wilful damages, natural hazards such as flooding, earthquakes, windstorms, hazards and third person liability claims which will indemnify the policyholder in the event of third person and/or passenger injury or personal injury and third person ownership damages.
We will also insure the following against an extra premium: we need a copy of your company ID or a company confirmation of company name. In HFIA, we recognize that the management of healthcare can be very complicated and costly, especially without insurance. In order to make sure that our clients receive the best possible healthcare for their benefit and at a fair cost, we have designed AFYAMED.
It is a complete in-patient and out-patient health plan that is tailored to different health needs and uniquely tailored to different groups and people. Offers additional services within the primary coverage, including pre-existing medical condition, covering cost of transplantation of organs and related cost up to specified thresholds. Kids over the age of 25, whether in or out of class, are not insured as relatives and must be insured as primary members.
For newborns, parent must inform the health care provider. But why AfyaMed Covers? Broad coverage offer, embracing pre-existing, chronical and HIV/Aids, motherhood, cancers, birth defects, dentistry, C-section. Within 30 working days of the date of delivery, send a properly completed Claims Document, which you can request from the Company or download from the website.
In-depth health record if it is an hospital case. A copy of the Mortuary Consent Application for a final refund is necessary. Once a doctor has ordered a health care facility for a particular individual, he or she contacts the insurance company to see if he or she needs to perform a previous eligibility test.
Authorizations vary from cost object to cost object. Part of this is also the filling out of an approval document. In the event that a services is refused, the doctor may lodge an appeals on the basis of the provider's own procedure for obtaining an expert opinion. Britam healthcare staff will be notified of admittance by the clinic within 24hrs. Go to a supplier with your health care voucher.
Fill in and signature the application sheet provided by the supplier. Your treating physician/specialist must also fill out and submit the application forms. An application must be filled in for each period of therapy and for each individual. If, for one or the other of these reasons, you loose your health care pass for urgent care, call the number below to obtain pre-approval from the healthcare company.
There, on inquiry for a substitute of the health insurance map by your Dienstleister. In this section we shall provide coverage of the lost or damaged of a residential home or apartment comprising residential buildings, furnishings of the lessor, partitions, doors and barriers on the same property that are being used by:
Fires and causes of nature such as seismic events, windstorms and gales, flashes and flashes; human causes such as unrest and strike, wilful injury and burglary; various causes, to include explosion and spillage of storage vessels, equipment, pipes, impacts of street cars and livestock, which are not covered or under the supervision of the policyholder or its representatives.
In this section, we shall provide coverage for the event of lost or damaged furnishings, domestic items and all types of belongings, the possessions of the member of the Insured's Families or one of their members who normally reside with the member of the Insured's Families, as well as furnishings which the member of the Insured possesses or for which he is held by law and which are not the Lessor's furnishings.
In this section we shall indemnify against losses or damages to belongings (portable objects such as camera, radio, jewelry and sporting equipment) covered by a cause or risk not expressly covered by the insurance contract. It is a very broad coverage and ensures that the articles are often quoted with a value specified for them.
Wherever you are, we always provide coverage for your All Risk Item all over the world. In this section we will insure your staff for injury or bereavement or illness resulting from and during work. Our services include your maids such as home help, guards, soil workers, growers and driver. Unintentional or unintentional losses or damages of belongings Unintentional losses or damages of belongings of third persons and not of those in your care or of a member or your relatives or your home or a third party in your employ.
Unintentional losses or damages of third party belongings and not of those who are in your care as an assured or a member, your familiy or your home or a persons in its employ. Financing / Mortgaging Clients. Private persons breaking into leased rooms to conceal their content of any kind. The detailed scope of coverage:
In case of a coincidental and normal mortality, we grant a severe illness benefit (30% up to a ceiling of Kes. 8,000,000); raider, which compensates 30% of the credit balances up to a ceiling of Kes. Please be aware that there is no insurance for illnesses; you do not have to be concerned for the worker, we offer an unemployed driver who will repay the loan for nine (9) month after losing his job due to organisational reorganisation or dissolution of the employer's company; we also offer the following options: life plus passenger.
Deckungsoption: Available coverage limit=Kx. Documentation necessary for the use of DP Covers. Fill in a proposal for a Group Directive proposal format. Proof of job losses for unemployment claims. With our mortgages insurance, you save the expense of following the deceased's legacy in order to get back loans due from the bank/financer. After the decease, the deceased's inheritance remains in good order and thus provides a stable income for the abandoned child.
There is a mortgage term - interest from the mortgage lender is recorded so that all income is paid directly to the mortgage lender to settle the loan overdue. Credit statements on account statements - On letterheads. Keyman insurance is a term life insurance policy taken out by the company to indemnify an important member or employee of the organisation for consequential losses after his/her life or total disability.
Aim of the Keysman cover: In order to give the company a monetary buffer for: Losing clients or selling that is influenced by the skill and character of the key person. Lost everyday expertise. Defer ral or cancel a transaction on which the client is working. Losing the possibility to grow in the market.
Lost strong managements and good working relationships. Reduce creditworthiness - Call back credits granted by your mortgage lender. Can anyone be a Kéyman? Anyone with special abilities whose losses can represent a burden on the company is entitled to insurance with our company. Isolate the risks of losing a keyman/key-person against a losing one.
Premiums payable under the key-person indemnity scheme are fully eligible as operating costs. Interest on borrowings under our policy can also be granted as operating expenditure. It is a good way to enhance the loyalty of the company's employees to your company. Well, our keysman politics are perfect for: