ABC Bank Loans, Eligibility & Rates

ABC Bank, operating primarily in Kenya and select Middle Eastern markets, offers diverse loan products tailored for personal, residential, business, and diaspora needs. Below is a summary table of key loan types, eligibility criteria, and indicative rates based on available programs.

1. Normal Residential Home Loan

ABC Bank's Normal Residential Home Loan enables clients to finance up to 80% of an existing developed residential property's value, ideal for homeownership in Kenya. Eligibility focuses on stable income verification for salaried individuals or businesses, with loan amounts tied to property valuation and borrower's repayment capacity. Interest stands at 15.9% p.a., with flexible tenors supporting long-term affordability.​

This product suits first-time buyers or upgraders seeking security in real estate. Banks verify titles and conduct appraisals to mitigate risks, ensuring equitable terms. Diaspora variants extend similar benefits globally.​

2. Car Loan

The Car Loan from ABC finances up to 90% for new vehicles and 80% for used ones, with tenors up to 84 months and maximum amounts like JOD 60,000. Borrowers need a minimum salary (e.g., JOD 350), age between 21-70, and no mandatory guarantor or full salary transfer. Rates start at 9.25% reducing, including life and disability insurance coverage.​

Vehicles remain mortgaged until repayment, with early settlement fees at 1% if over 12 payments remain. This makes it accessible for professionals in Jordan or Kenya needing reliable transport without heavy upfront costs. Documents include ID, salary slips, and bank statements for swift processing.​

3. Housing Loans

Housing Loans target property purchases with minimum incomes from JOD 300 (public sector) to JOD 3500 (expatriates), requiring good reputation, no blacklisting, and clean financial records. Joint borrowers need JOD 600 combined, with appraisals for loans over JOD 100,000 and six months' bank statements. Rates begin at 7.75% reducing, supporting primary residences.​

This loan demands property contracts and cash flow statements for self-employed applicants, emphasizing creditworthiness over collateral alone. It's structured for families building equity in stable markets like Jordan.​

4. Land Purchase Loan

Designed for raw land acquisition, this loan covers up to 70% of sale value, capped at Kshs 20 million over five years, with a 1% commitment fee. Eligibility mandates a clean, verified title deed from the lands office, suiting developers or investors in Kenya. Variable rates remain competitive, balancing growth opportunities with bank security.​

Ideal for residential or commercial plots, it verifies land legitimacy upfront to prevent disputes. Repayment aligns with project timelines, fostering real estate expansion.​

5. Unsecured Personal Loan

Unsecured Personal Loans offer up to six times salary without collateral, minimum MUR 50,000, provided debt-to-income ratio stays under 40% and salary is pledged. Competitive rates apply to employed individuals seeking quick funds for emergencies or investments. No security eases access, but income stability is key.​

This product prioritizes speed, disbursing post-salary verification. It's popular among salaried workers avoiding asset pledges while managing short-term needs.​

6. Secured Personal Loan

Secured variants relax salary multiples by accepting collateral like property or vehicles, maintaining competitive rates for higher amounts. Eligibility mirrors unsecured but leverages assets for better terms, ideal for larger personal financing. Banks assess security value alongside repayment ability.​

Borrowers benefit from flexibility without salary caps, though assets are lien-held until clearance. This balances risk for both parties in uncertain economies.​

7. Construction/Development Loan

Tailored for property developers, these loans fund residential or commercial builds, with features customized to project scale. Eligibility requires business plans, land ownership proof, and cash flow projections, often for Kenyan markets. Rates are negotiated based on viability and collateral.​

Progress draws and staged disbursements align with construction milestones, minimizing idle funds. ABC supports growth sectors through rigorous feasibility checks.​

8. Diaspora Loan Products

ABC Global Loans cater to Kenyans abroad, financing up to 80% of property with minimum values and five-year terms up to Kshs 20 million. Eligibility demands verified income overseas and Kenyan ties, with competitive variables. Certificates like COEs may apply for specialized cases.

These bridge global remittances to local investments, verifying documents remotely. Insurance and flexible repayments enhance appeal for non-residents.​

ABC Bank's portfolio emphasizes accessibility across regions, with rates influenced by credit scores (e.g., 580+ for some), DTI caps at 45%, and property equities. Kenyan clients enjoy up to 80% home financing at 15.9%, while Middle East options start lower from 7.75%. Always consult branches for personalized quotes, as terms evolve with market conditions like February 2026 rates. Applications need IDs, statements, and appraisals for approval within weeks, promoting financial inclusion in Nairobi and beyond