{"id":333,"date":"2024-01-27T11:17:28","date_gmt":"2024-01-27T11:17:28","guid":{"rendered":"http:\/\/localhost\/crescent\/?page_id=333"},"modified":"2024-07-24T07:02:40","modified_gmt":"2024-07-24T07:02:40","slug":"development-finance","status":"publish","type":"page","link":"https:\/\/crescentsacco.com\/index.php\/development-finance\/","title":{"rendered":"Development Finance"},"content":{"rendered":"\t\t
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Development Financing - Building Your Future with Crescent Takaful Sacco<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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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.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Key Development Finance Products:\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Plot-Purchase\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t
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\n\t\t\t\t\n\t\t\t\t\tPlot-Purchase Finance:\t\t\t\t<\/span>\n\t\t\t<\/h3>\n\t\t\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
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Short-to-medium term financing for acquiring residential and commercial plots for future development or resale.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Construction\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t
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\n\t\t\t\t\n\t\t\t\t\tConstruction Finance:\t\t\t\t<\/span>\n\t\t\t<\/h3>\n\t\t\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
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Stress-free construction financing ensures a smooth process from start to completion, overcoming the challenges of construction.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Home\/Office\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t
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\n\t\t\t\t\n\t\t\t\t\tHome\/Office Purchase Finance:\t\t\t\t<\/span>\n\t\t\t<\/h3>\n\t\t\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
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Financing for the purchase of completed residential houses, office blocks, and industrial parks.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Micro-Mortgage:\"\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t
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\n\t\t\t\t\n\t\t\t\t\tMicro-Mortgage:\t\t\t\t<\/span>\n\t\t\t<\/h3>\n\t\t\n\n\t\t\n\t\t\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
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Incremental development facility enabling members to purchase plots and build their houses one step at a time.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Development Finance Parameters:\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • Minimum Amount: Ksh. 500,000<\/span><\/li>
  • Maximum Amount: Ksh. 20,000,000<\/span><\/li>
  • Client Contribution: Up to 30% of the total project cost<\/span><\/li>
  • Crescent Takaful Sacco Contribution: Up to 70% of the total project cost<\/span><\/li>
  • Maximum Tenure: Five (5) years<\/span><\/li>
  • Processing Fee: Ksh. 20,000<\/span><\/li>
  • Expected Profit Margin: 10% p.a on a flat basis; or 15% on a reducing balance for leases<\/span><\/li>
  • Choose Crescent Takaful Sacco’s Development Financing for a path to property ownership and incremental development that aligns with your aspirations.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Additional Terms<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    • Tracking Devices:<\/strong> Fitted in all financed or collateral motor vehicles, enhancing security.<\/span><\/p><\/li>

    • Insurance:<\/strong> Advance comprehensive coverage for the financing period, providing peace of mind.<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      Why Choose Crescent Takaful Sacco's Asset Finance?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      • Wide Financing Range:<\/strong> From Ksh. 500,000 to 10,000,000 for new vehicles and 5,000,000 for used vehicles.\u00a0<\/span><\/p><\/li>

      • Flexible Repayment:<\/strong> Enjoy repayment terms of up to 60 months, providing financial flexibility.\u00a0<\/span><\/p><\/li>

      • Transparent Fees:<\/strong> Clear documentation fees with a set-up fee and an annual monitoring fee.\u00a0<\/span><\/p><\/li>

      • Islamic Financing Options:<\/strong> Choose from Islamic contracts like murabaha, Ijara, or Diminishing Musharaka.\u00a0<\/span><\/p><\/li>

      • Enhanced Security:<\/strong> Tracking devices for all financed or collateral vehicles.<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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        How to Apply?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        1. Log in to your Crescent Takaful Sacco Website.<\/span><\/li>
        2. Download and fill the Development Financing application Form.<\/span><\/li>
        3. Send the form to corprate@crescentsacco.com<\/span><\/li><\/ol>

          Experience the joy of owning your vehicle or equipment hassle-free with Crescent Takaful Sacco’s Asset Finance.<\/span><\/p>

          For inquiries or assistance, please contact our dedicated support team at 0746 111 888<\/strong><\/span><\/p>

          Note: Terms and conditions apply.<\/strong> Development Financing is subject to eligibility criteria and approval.<\/span><\/p>

          \u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

          Development Financing – Building Your Future with Crescent Takaful Sacco Embark on your journey towards sustainable socio-economic progress with Crescent Takaful Sacco’s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-333","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/comments?post=333"}],"version-history":[{"count":7,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/333\/revisions"}],"predecessor-version":[{"id":590,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/333\/revisions\/590"}],"wp:attachment":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/media?parent=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}