Ethical Partnerships for Progress

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Development Finance

Development Financing - Building Your Future with Crescent Takaful Sacco

Embark on your journey towards sustainable socio-economic progress with Crescent Takaful Sacco’s Development Financing. Designed to empower both salaried and self-employed members, our Shariah-compliant development loans facilitate the acquisition of long-term income-earning and value-adding assets. Our competitive and ethical construction and real estate facilities aim to transform our members into proud home-owners and landlords.

Key Development Finance Products:

Plot-Purchase Finance:

Plot-Purchase Finance:

Short-to-medium term financing for acquiring residential and commercial plots for future development or resale.

Construction Finance:

Construction Finance:

Stress-free construction financing ensures a smooth process from start to completion, overcoming the challenges of construction.

Home/Office Purchase Finance:

Home/Office Purchase Finance:

Financing for the purchase of completed residential houses, office blocks, and industrial parks.

Micro-Mortgage:

Micro-Mortgage:

Incremental development facility enabling members to purchase plots and build their houses one step at a time.

Development Finance Parameters:

  • Minimum Amount: Ksh. 500,000
  • Maximum Amount: Ksh. 20,000,000
  • Client Contribution: Up to 30% of the total project cost
  • Crescent Takaful Sacco Contribution: Up to 70% of the total project cost
  • Maximum Tenure: Five (5) years
  • Processing Fee: Ksh. 20,000
  • Expected Profit Margin: 10% p.a on a flat basis; or 15% on a reducing balance for leases
  • Choose Crescent Takaful Sacco’s Development Financing for a path to property ownership and incremental development that aligns with your aspirations.

Additional Terms

  • Tracking Devices: Fitted in all financed or collateral motor vehicles, enhancing security.

  • Insurance: Advance comprehensive coverage for the financing period, providing peace of mind.

Why Choose Crescent Takaful Sacco's Asset Finance?

  • Wide Financing Range: From Ksh. 500,000 to 10,000,000 for new vehicles and 5,000,000 for used vehicles. 

  • Flexible Repayment: Enjoy repayment terms of up to 60 months, providing financial flexibility. 

  • Transparent Fees: Clear documentation fees with a set-up fee and an annual monitoring fee. 

  • Islamic Financing Options: Choose from Islamic contracts like murabaha, Ijara, or Diminishing Musharaka. 

  • Enhanced Security: Tracking devices for all financed or collateral vehicles.

How to Apply?

  1. Log in to your Crescent Takaful Sacco Website.
  2. Download and fill the Development Financing application Form.
  3. Send the form to corprate@crescentsacco.com

Experience the joy of owning your vehicle or equipment hassle-free with Crescent Takaful Sacco’s Asset Finance.

For inquiries or assistance, please contact our dedicated support team at 0746 111 888

Note: Terms and conditions apply. Development Financing is subject to eligibility criteria and approval.