Title deed loans are a popular financing option in Kenya, where individuals or businesses can access quick loans using land as collateral. These loans are ideal for people who need urgent cash but may not have access to traditional forms of credit. With a secured loan, the borrower submits their land title deed, and the lender offers a loan amount based on the value of the property. In this article, we’ll explore the best title deed loan providers in Kenya, their loan terms, requirements, and how you can get approved quickly.
1. Mwananchi Credit: Leading Title Deed Loan Provider
Overview: Mwananchi Credit is a prominent financial institution that specializes in fast title deed loans. It provides flexible loan repayment terms and offers loans with an Annual Percentage Rate (APR) as low as 20%. Mwananchi Credit is a preferred choice for both personal and business needs, with branches across Nairobi, Mombasa, Kisumu, Eldoret, and Thika.
Loan Amount & Terms:
- Loan Amount: Up to 80% of the land’s market value
- Repayment Period: 3 to 12 months
- Interest Rate: 20% APR
Requirements:
- Original and copy of the title deed
- KRA PIN
- National ID
- Property valuation and search
- Legal charge over the property
- Spousal consent (if applicable)
Contact: 0709 147 010
2. Jijenge Credit: Accessible Title Deed Loans with Flexible Terms
Overview: Jijenge Credit is a non-deposit-taking micro-lending institution in Nairobi, offering title deed loans to individuals and businesses. Their services are designed to cater to both personal and business expenses, with a flexible loan tenure of up to 24 months.
Loan Amount & Terms:
- Loan Amount: Varies based on the land’s value
- Repayment Period: Up to 24 months
- Interest Rate: Competitive, based on the loan amount and tenure
Requirements:
- Original and 2 copies of the title deed
- Original and 2 copies of ID
- 6-month bank and Mpesa statements
- 2 passport-size photos
Contact: 0722 843 770
3. Maendeleo Capital: Fast Loan Disbursement with a Simplified Process
Overview: Maendeleo Capital offers fast, efficient title deed loans with a quick approval process, disbursing loans within 24 hours. They are ideal for those who need fast financial solutions, whether for personal or business needs.
Loan Amount & Terms:
- Loan Amount: Up to Kshs 500,000
- Repayment Period: Flexible terms
- Interest Rate: Low, with a fast approval process
Requirements:
- Original title deed and copy
- Copy of ID, 2 passport photos, and KRA PIN
- 6-month bank statement
- A chequebook account
- Land valuation report
Contact: 0745 560 008
4. Citizens Credit: Title Deed Loans for SMEs and Individuals
Overview: Citizens Credit offers title deed loans to both individuals and SMEs seeking working capital or funding for business expansion. Their fast, easy loan processing is ideal for those needing quick access to funds.
Loan Amount & Terms:
- Loan Amount: Based on the land’s value
- Repayment Period: Varies depending on the loan agreement
- Interest Rate: Competitive and affordable
Requirements:
- Copy of the title deed
- Valuation report of the property
- Legal charge over the property
Contact: 0722 646 687
5. Atlantis Finance: Reliable Title Deed Loan Services
Overview: Atlantis Finance is another reliable title deed loan provider that works with both personal and business loans. They provide loans secured with land titles, offering financing for up to 50% of the property’s value.
Loan Amount & Terms:
- Loan Amount: Up to Kshs 2,000,000
- Repayment Period: Flexible, with terms up to 36 months
- Interest Rate: Competitive, with the loan amount capped at 50% of the land’s value
Requirements:
- Personal or business bank statement for the last 6 months
- Original title deed
- Spousal consent form (if applicable)
- Land search and valuation report by Atlantis-approved valuers
Contact: 0701 746 656
6. Finezza Capital: Affordable Loan Terms for Property Owners
Overview: Finezza Capital specializes in providing low-rate title deed loans to those with mortgage-able properties. They offer flexible loan amounts and repayment terms, with special arrangements available for higher loan amounts.
Loan Amount & Terms:
- Loan Amount: Kshs 100,000 to Kshs 8,000,000
- Repayment Period: Up to 12 months
- Interest Rate: 5% per month fixed
Requirements:
- 6-month personal bank statement
- Original title deed
- National ID
Contact: 0721 482 852
Conclusion: Choose the Right Title Deed Loan Provider in Kenya
Finding the right title deed loan provider in Kenya is crucial for individuals and businesses seeking fast and reliable financing solutions. Whether you need money for personal expenses, business growth, or emergency needs, these providers offer flexible loan amounts, competitive interest rates, and fast processing times.
Before choosing a provider, ensure that you meet the requirements and understand the loan terms, including repayment schedules and interest rates. With proper planning, title deed loans can be an excellent way to access funds quickly without the need for additional collateral.
FAQs
- What is the maximum loan amount I can get with a title deed?
The loan amount depends on the value of your property. Most institutions offer up to 80% of the property’s value. - How long does it take to get approved for a title deed loan?
Approval time varies, but many providers offer same-day processing. - Is it possible to get a loan if my title deed is for a commercial property?
Yes, most providers accept both residential and commercial properties as collateral. - Can I apply for a title deed loan if I have bad credit?
Yes, as long as your property is legally registered, your credit history does not usually affect your loan eligibility.