At Premier Bank Kenya, we understand the unique financial needs of our diaspora and international clients. Our specialized banking solutions provide convenience, security and tailored financial support to help you manage your finances seamlessly from anywhere in the world.

Eligibility for Diaspora & International Banking

Open to:

  • Kenyan citizens living abroad
  • Foreigners with investments & kinship in Kenya

Product offering

We offer both Savings, Current and Fixed Maturity accounts in a Sharia Compliant framework.

CURRENT ACCOUNTS

Personal Current Account

Features:

  • Monthly maintenance fee of KSH 750 + Duty per month or foreign currency equivalent for FCY Accounts
  • Minimum Opening and Operating balance of KSH 1,000 or foreign currency equivalent
  • Sharia contract: Qard

Benefits:

  • Access to a debit card accepted locally and internationally
  • Access to a cheque book
  • Access to free monthly statement
  • Access to e-channels i.e. mobile and internet banking
  • Access to a dedicated Relationship Manager
  • Account available in multi-currency KSH, USD, GBP & EUR
  • Access to financing

SAVINGS ACCOUNTS

2.Busara Savings Account
Features:
• No monthly maintenance fee
• Minimum Opening balance: KES. 5,000 or foreign currency
equivalent
• Sharia contract: Mudarabah
Benefits:
• No charges on the account
• Access to free monthly statement
• competitive Profit earned monthly on average credit balance
above KSH 5,000 or foreign currency equivalent
• Account available in multi-currency KSH, USD, GBP, EUR
• Access to financing
• Access to a dedicated Relationship Manager

3. Student Account
Features:
• No monthly maintenance fees
• Opening and operating balance of Kes 1,000 or foreign currency
equivalent
• Shariah contract: Qard
Benefits:
• Access to debit card accepted locally and internationally
• Access to e-channels i.e. Mobile and internet banking
• Account available in multi-currency KES, USD, GBP, EUR
How to Get Started
Download application form from our website: www.premierbank.ke.
Complete and scan together with the requisite documents to our email:
diasporabanking@premierbank.ke or When you are visiting home
connect with our staff to open the account in any of our branches of
choice and convenience.
Account Opening Requirements
Diaspora Customers:
• Duly completed Premier Bank Account Opening Form
• Email indemnity form(optional)
• Kenyan ID and Valid Kenyan Passport
• One colored passport size photograph
• KRA PIN
• W-8BEN Form (Kenyans living in U.S)
• Birth certificate & Passport for minors
• Proof of address i.e, utility bill, driving license, work permit, visa, etc
International Customers:
• Duly completed Premier Bank Account Opening Form
• Email Indemnity form(optional)
• Valid foreign Passport
• One colored passport size photo
• KRA PIN/Tax ID/CRS Form completion (except for US citizen)
• W-9 Form (US Citizen)
• Evidence of investment and/ kinship in Kenya
• Birth certificate & Passport for minors, etc.

Certification of documents by:
• Notary Public
• Kenyan Embassy or High commission
• Juba Money Transfer Service Outlet
• Premier Bank Somalia
• Premier Bank representative

Remittance Channels
Premier Bank Kenya has a wide range of remittance channels to help
you be able to move money quickly and safely to your bank account.
• My Premier
• Premier Online Banking

• Premier Bank Somalia
• Pesa Link
• Swift Transfer
• Juba Money Transfer
• M-Pesa
Key Benefits:
1. Secure digital transactions and fraud protection.
2. Fast and Reliable Money Transfers through instant remittances via
MPESA, bank transfers, and international remittance partners.
3. Convenient Banking from anywhere globally – 24/7 Customer service
4. Tailored Financial Solutions including savings, current, investment
accounts customized mortgage and financing options for property
investment in Kenya.
5. Competitive Foreign Exchange Rates and international transactions
6. Access to a dedicated Relationship Manager on relationship
management, advisory on investment opportunities and financial
planning.
7. Access to flexible financing options i.e, diaspora mortgages, plot
financing, and equity release options with affordable rates and
repayment flexibility up to 20 years

Premier Bank Kenya is dedicated to realizing your dreams of investing
back home via our wide range of financing products:
a. Mortgage Financing
b. Plot Financing
c. Equity Release
Requirements and documents for facility processing
• Kenya national Identity card
• Valid copy of Kenyan/foreign Passport
• Copy of KRA PIN certificate / Tax number
• 3 months latest payslips
• 6 months bank statement
• Completed facility application forms

• Valid copy of Residence / Work Permit / Green card / Indefinite leave
• Letter from employer / recent contract confirming terms of
employment and date of retirement
• Premier Bank Kenya account
All the above documents must be certified by either:
• Notary Public
• Kenyan Embassy or High commission
• Juba Money Transfer Service Outlet
• Premier Bank Somalia
• Premier Bank representative

MORTGAGE FINANCE

This facility is intended to finance individuals in the Diasporas to purchase
residential and commercial properties within major Counties and areas of
branch existence.
Conditions:
1. Be an account holder at Premier Bank/open one at point of facility
application
2. Satisfy Bank’s Credit Risk assessment
3. The maximum age of borrowing must be 60 years or less at the
time of facility maturity subject to organization’s retirement age
policy.
4. Finance Range:
– Minimum: One Million Kes (1,000,000.00)
– Maximum: Fifty Million Kes (50,000,000.00)
5. Financing Tenure:
– Maximum 20 years (240 months)

6. Mode of Facility Disbursement:
– Disbursement done directly to vendor’s account
– As advised by the Lawyer’s Professional Undertaking

7. Mode of Facility Repayment:
– Monthly remittance from borrower
– Internal Standing Order
– Choice of equal monthly instalments
8. Bank Investment Ratio:
– Customer Contribution: 10% of the Purchase Price
– Bank Contribution: 90% of the Purchase Price or Valuation Open
Market Value (OMV) or whichever is lower.
9. Debt Burden Ratio:
– Monthly facility repayment should not exceed 60% of the –
Customer’s/borrower’s Net Monthly Income.
10.Security for the facility will be: –
-1st ranking legal charge over property
-Property insurance at market value with Premier Bank Kenya named
as 1st loss payee
-Mortgage protection insurance cover by Takafu

PLOT FINANCE

This facility is intended to finance Diasporas to purchase residential and
commercial plots in major Counties and areas of branch existence.
Conditions:
1. Be an account holder at Premier Bank/open one at point of facility
application.
2. Satisfy Bank’s Credit Risk assessment.
3. The maximum age of borrowing must be 60 years or less at the
time of facility maturity subject to organizations’ retirement age
policy.
4. Finance Range:
– Minimum: Four Hundred Thousand Kes (400,000.00)
– Maximum: Twenty Million Kes (20,000,000.00)
5. Financing Tenure:
– Maximum 10 years (120 months)

6. Mode of Facility Disbursement:
– Disbursement done directly to vendor’s account
– As advised by the Lawyer’s Professional Undertaking

7. Mode of Facility Repayment:
– Monthly remittance from borrower
– Internal Standing Order
– Choice of equal monthly instalment
8. Land /Plot Discount Ratio
– Cities- Nairobi, Mombasa & Kisumu: 70%
– Other Urban Areas: 60%
9. Debt Burden Ratio:
– Monthly facility repayment should not exceed 60% of the
Customer’s/borrower’s Net Monthly Income.
10.Security for the facility will be: –
– 1st ranking legal charge over property
– Property insurance at market value with Premier Bank Kenya named
as 1st loss payee
– Mortgage protection insurance cover by Takaful

EQUITY RELEASE

This facility is a strategic offering that allows customers to unlock the
value of their property while still retaining ownership.
It is intended to finance Diasporas to undertake renovations, home
improvements, purchase residential and commercial plots in major
Counties and areas of where there are no ownership/title documents.
Conditions:
1. Be an account holder at Premier Bank/open one at point of
facility application.
2. Satisfy Bank’s Credit Risk assessment.
3. The maximum age of borrowing must be 60 years or less at the
time of facility maturity subject to organizations’ retirement age
policy.
4. Finance Range:
– Minimum: Five Hundred Thousand Kes (500,000.00)
– Maximum: Fifty Million Kes (50,000,000.00)
5. Financing Tenure:
– Maximum 10 years (120 months)
6. Mode of Facility Disbursement:
– As advised by the Lawyer’s Professional Undertaking
– Customer’s Premier accounts for customers who require the
facility for renovation/home improvements.

7. Mode of Facility Repayment:
– Monthly remittance from borrower
– Internal Standing Order
– Choice of equal monthly instalments
8. Bank Investment Ratio:
– The bank to finance to a maximum of 80% of the market value or
the facility amount whichever is lower.
9. Debt Burden Ratio:
– Monthly facility repayment should not exceed 60% of the
Customer’s/borrower’s Net Monthly Income.

10.Security for the facility will be: –
– 1st ranking legal charge over property
– Property insurance at market value with Premier Bank Kenya
named as 1st loss payee
– Mortgage protection insurance cover by Takaful

INSURANCE SERVICES

Travel Insurance

Travel with peace of mind, knowing that you are safe no matter where you go. Our coverage provides access to high-quality medical treatment, emergency medical evacuation , Lost , damaged or stolen baggage and Personal Accident.

Asset Insurance

We are positioned to cover loss of or damage to Assets caused by fire, theft, Material damage or any accidental means as covered by the Policy. This includes but not limited to commercial buildings, Motor Vehicles and Domestic dwellings.

MASTERCARD

Owning a Premier Bank Kenya Mastercard provides you with secure, convenient, and global access to your finances across the globe.

FOREIGN EXCHANGE

We provide exclusive and competitive exchange rates for our valued Diaspora clients across multiple currencies. Our rates are updated daily on our website for your convenience and easy access.

Diaspora Banking

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