This is strict savings account that is geared towards purchase of a house.

Features

  • Opening Balance of Kshs. 2,000
  • No minimum operating balance
  • One withdrawal every 6 months

Requirements

  • Identity card (original and copy)
  • I colored passport size photo for each signatory
  • Minimum savings of Kshs. 1,000 per month

Benefits

  • End User Mortgage Financing
  • Fees and commissions on end finance mortgage at 1.75%
  • No monthly maintenance charges
  • Access to Pesa Chap Chap

This is an account designed for investment groups/Chamas to channel their savings as a group, to help them access a mortgage for investment

Requirements

  • Identity card (original and copy) for each signatory
  • I colored passport size photo for each signatory
  • Minimum account opening balance Kshs. 2,000
  • Certificate of registration-copy and original (if applicable)
  • The group constitution-copy and original
  • Minutes of the group with resolution authorizing the opening of the account with JBB
  • A list of all group members with I.D numbers, duly signed by the members.
  • Introduction letter from the relevant Government Ministry (if applicable)

Features

  • Access to a mortgage of up to Kshs. 50 million
  • Group Savings Account with no monthly charges
  • A cheque book will be issued on request
  • Minimum operating balance of Kshs. 5,000

Benefits

  • No monthly charges
  • No minimum monthly contribution once account is operational
  • Free standing orders to the investment group account for JBBL account holders

This is a Current Account that is designed for landlords to allow them to make collection of their rental income.

Features

  • Access to rent based unsecured loan facilities
  • Monthly maintenance charge
  • Availability of: a cheques book and ATM card
  • Access to Pesa Chap Chap for individuals

Requirements

For Individual Landlords

  • Standard requirements for opening an individual account.
  • Minimum account opening balance Kshs. 5,000

For Companies

  • Standard Account Opening requirements for companies.
  • Minimum Account Opening Balance of Kshs. 10,000/=