What is Faulu Landlord Loan?
The Landlord Loan is a flexible financing solution for landlords with developed rental properties, with repayments conveniently pegged to rental income.
- Designed for landlords with stable rental income
- Flexible repayment terms
- Grace period of up to 6 months
- Accepts alternative securities
- Suitable for urban and municipal properties
- Open an account with Faulu Microfinance Bank
- Must be having a consistent rental income for the last 6 months as evidenced by the bank statements or Property Agent Statements
- Must have complied with the Local Authority Building regulations i.e. a maximum number of floors, road and wetlands reserves, wayleaves etc.
- Clean credit history evidenced by a credit reference bureau report
- Ability to repay
- Ownership Documents e.g. Title Deeds, Share Certificate, Allotment Letters etc.
- Visit a Faulu branch
- Submit property and rental income details
- Agree on loan terms and repayment structure
- Access funds upon approval
Landlords with developed rental properties and stable rental income.
Repayments are pegged to rental income.
Yes. Up to 6 months, subject to approval.