Located in the Kenyan capital Nairobi, Garden City is a massive mixed-use development that brings together work, leisure and living. Within this first-of-its-kind integrated location is the Mi Vida residential project that offers 1, 2, and 3 bedroom apartments in Nairobi, Kenya for homebuyers. Now, these aspirational homes come with an exciting mortgage offer from Absa Bank.
Absa Bank Kenya has introduced a 25-year mortgage facility where Mi Vida Homes customers will enjoy a discounted rate of 12.5% p.a with up to 90% financing. This is the result of a recently signed financial partnership between Absa Bank and Mi Vida Homes that creates the exciting mortgage proposition of a longer payment period with low-interest rates.
The offer targets middle-income families seeking affordable homes within Nairobi, seeking to increase mortgage uptake amongst prospective homeowners. The Absa – Mi Vida at Garden City Mall Apartment mortgage facility, therefore, offers sustainable financing models to employed and self-employed customers for a chance to own ready-to-move-in homes.
Absa customers will also benefit from established partnerships for homeownership facilities such as property developers, furnishing partners, and home appliance partners.
“We have a team of dedicated experts that will walk the journey with customers using our financial and non-financial expertise to provide credible information, services, and solutions throughout every step of acquiring their dream home,” says Peter Mutua, Absa Bank Customer Network Director.
Mi Vida doesn’t just offer affordable houses in Nairobi, Kenya but also provides residents with exciting amenities including one acre of outdoor green space, adult and children swimming pools, a gym and fitness studio, kids’ play area, clubhouse with roof terrace, BBQ areas, a multi-purpose sports court, and 300m walking and jogging track. The residential project, launched in 2019 is currently under construction and on course to be complete by March of 2022.
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