Title deed loans have become an essential option for Kenyans looking for quick financing, using land ownership documents as collateral. These loans provide access to substantial funds that are often used for business expansion, personal emergencies, or other pressing needs. Most lenders offer loans amounting to around 50% of the value of the property being used as security.
In this article, we look at some of the top providers of title deed loans in Kenya. These lenders are known for their flexible terms, competitive rates, and quick loan processing.
1. Mwananchi Credit
Mwananchi Credit is one of the leading financial institutions in Kenya, offering various lending products to SMEs and individuals. It provides fast title deed loans at an affordable Annual Percentage Rate (APR) of 20%. Loan repayment periods range from 3 to 12 months, and you can access the funds quickly after the loan is approved. The company has several branches across Nairobi, Mombasa, Eldoret, Thika, Kitengela, and Kisumu.
- Requirements:
- Original and copy of the title deed
- Property valuation and search
- KRA PIN
- National ID
- Legal charge over the property
- Spousal consent
- 6 months bank statement
- Cheque book
- Contact: 0709 147 010
2. Jijenge Credit
Jijenge Credit is a micro-lending institution specializing in secured loans for personal or business needs. It offers title deed loans with flexible repayment periods of up to 24 months, allowing borrowers to access capital for investments or emergencies.
- Requirements:
- Original and two copies of the title deed
- Original and two copies of the National ID
- Two passport-size photos
- 6 months of bank and Mpesa statements
- Location: Nairobi Town House, 6th Floor, Suite 605, Kaunda Street
- Contact: 0722 843 770
3. Maendeleo Capital
Maendeleo Capital is a non-deposit-taking microfinance institution offering quick title deed loans. It allows clients to access up to Ksh 500,000 within 24 hours, providing a fast solution to meet urgent personal or business needs.
- Requirements:
- Original title deed and a copy
- Copy of ID, two passport photos, and KRA PIN
- A chequebook account
- 6 months bank statement
- Land valuation report
- Utility bill or rental house receipt
- Location: Applewood Adams, Ngong Road
- Contact: 0745 560 008
4. Citizens Credit
Citizens Credit provides title deed loans for both individuals and SMEs in need of working capital. It’s particularly suited for small businesses looking to seize emerging opportunities. The loans are secured with a property title deed, and the lender offers flexibility in repayment plans.
- Requirements:
- Copy of the title deed
- Valuation report of the property
- Legal charge over the property
- Location: 11th Floor, Finance House, Loita Street, Nairobi
- Contact: 0722 646 687
5. Atlantis Finance
Atlantis Finance offers title deed loans to Kenyans who need quick financial help, secured by land title deeds or titles of lease. The loans typically cover up to 50% of the property’s value and are capped at Kshs 2 million. With branches in Mombasa, Nakuru, and Kisumu, it’s convenient for clients across various regions.
- Requirements:
- 6 months personal or business bank statement
- Original title deed
- Spousal consent form
- Land search conducted by Atlantis advocates
- Valuation by Atlantis-approved valuers
- Duly filled application form
- PIN certificate
- Contact: 0701 746 656
6. Finezza Capital
Finezza Capital specializes in offering title deed loans to individuals holding mortgageable title deeds. The loan amount ranges from Kshs 100,000 to Kshs 500,000, with an option to extend up to Kshs 8 million on special terms. Finezza Capital’s interest rates are fixed at 5% per month, with a repayment period of up to 12 months.
- Requirements:
- 6 months of personal bank statements
- Original and two copies of the title deed
- National ID
- Location: Marsabit Plaza, Ngong Road
- Contact: 0721 482 852
The above-listed title deed loan providers offer diverse options for individuals and businesses in Kenya looking to unlock the value of their land for financial purposes. Before taking a loan, it’s essential to thoroughly understand the lender’s terms, including interest rates and repayment schedules, to make informed decisions. Whether you are an entrepreneur seeking capital or an individual dealing with a personal emergency, title deed loans can provide timely financial support.
