Mortgages in Kenya


Steps when choosing a Mortgage

  1. Save up for a down payment.  Raising a high down payment is a sure way of getting a great mortgage deal. The higher the deposit you put down, the lower the loan you need. And of course the lower the amount you want to borrow, the more interest rate options you get. The key criteria in Kenya is always based on whether you are better off reducing your monthly mortgage repayments compared to earning a return in some other form of investment.
  2. Shop among multiple lenders.  This may sound like a complete no-brainer but you will be surprised that many people do not hunt for the best mortgage deals. Make the necessary research to ensure that what you are getting from a lender is the best deal in the market. Look beyond your bank or sacco. Talk to multiple lenders and explore all their options. Just like you do when purchasing a car, test drive your loan before proceeding with your purchase. There are quite a good number of mortgage providers in Kenya willing to give you attractive interest rates, including Equity Bank, Housing Finance Limited and Savings & Loan – a subsidiary of Kenya Commercial Bank.
  3. Ask the right questions. There are two things you need to know about interest rates – generally, the current rate and the future expectations of where interest rates will go. Current interest rates in Kenya are set depending on the amount you want to borrow and the duration (term) you want to borrow for. Be sure to ask as many questions as possible regarding the rates that you are signing up for to avoid future shock of interest rates variations. READ: State mortgage firm KMRC to offer loans at less than 10pc
  4. Seek expert advice. From the above, you should now have the bits that will help you decide what type of house you will buy based on its monthly or annual cost. You just need to consult a housing finance provider on this or just check out for Kenyan real estate websites offering mortgage calculators.

KCB Bank

With competitive rates and flexible repayments, you can realize your dream of owning your own home.


  • Flexible repayment terms when assessing ability to repay (joint, rental and alternative incomes will be considered). Joint income from spouse, siblings & children will be considered in assessing repayment ability
  • Flexible terms for construction loans
  • Mortgage Protection Insurance (MPI) cover limit up to Kes.18M without need for medical checkup, retrenchment cover and social perils cover included
  • Competitive Interest rates
  • Access to all other KCB banking products (e.g. Overdrafts, credit cards, current, savings and investment accounts)

Standard Requirements

  • Proof of income
  • Proof that you can meet the 10% financing and other related costs e.g. Stamp duty, lawyers fee, valuation report etc.

Rates & Fees

  • Competitive interest rate.
  • Negotiation Fee -2.5% of loan amount
  • Leger Fee- Kshs 350 per month.
  • Legal Fees
  • Valuation fees
Standard Chatered Bank Kenya

The decision to own your own home is one of the most exciting and important decisions that you will ever make. Thanks to our mortgage loan solution this decision is now an easy one. We offer highly competitive mortgage rates in Kenya.

Here's how:

Our Mortgage Products
  • Equity release : This means you can borrow higher loan amounts using your existing property as collateral
  • Top up : Access a loan based on the amount you have settled after 24 months
  • Balance transfer: Allows you to consolidate your mortgage facilities with us and enjoy the comfort of having one view account.
  • Construction Mortgage: If you already own a piece of land we will finance you to build your dream home.
Who is Eligible for a Mortgage?
  • Kenyan citizens, permanent residents and expatriates
  • Minimum age 21
  • Salaried customers meeting all the specified requirements
  • Employees and Directors of reputable companies and well established SMEs who are purchasing a residential property for owner occupation. (Must have demonstrable and verifiable monthly income for the past12 months)
  • Professionals and Consultants who earn a regular monthly income and are purchasing a residential property for owner occupation
Documents Required
  • Completed and signed application form
  • Certified copies of last 3 pay slips
  • Certified letter from employer stating terms of employment
  • Certified copy of ID / passport
  • Copy of PIN certificate
  • Sale agreement
  • Documentary evidence of any other income
  • Certified copies of bank statements for 12 months (for non-Standard Chartered customers)
  • 3 colour passport-sized photos (for non-Standard Chartered customers)
  • Copy of title deed
  • For a Mortgage Transfer, Mortgage statement for the last 6 months

Requirements may be more or vary for Kenyans residing out of the country

Benefits of a Standard Chartered Mortgage
Our Home Solution gives you access to competitive rates on your Home Loan. Along with your Home Loan, you also receive a current account and a pre-approved credit card. What's more you enjoy all these additional benefits:

    • Choice of currency
      We offer KES and USD mortgage facilities.


    • High loan amounts
      Home buyers can now take up to KES 100 million. This means you will never have to compromise on the house you really want for yourself and your family.


    • Longer loan periods
      With longer loan tenor periods of up to 25 years, your monthly repayments become more affordable.


    • Available to business owners
      The loan is now available to business owners to help you meet your goals by providing you with the right options.


    • Non-resident Kenyans
      Non-resident Kenyans are also eligible. Those working outside the country can buy a property as an investment or as a place to stay when they return home.


    • Expatriates
      All these benefits are now also available to expatriates regardless of how long they have lived in the country.


    • Faster processing
      Can’t wait for your loan? You no longer have to. If you are topping up or transferring your loan to us, you will get your funds sooner while we take care of the paperwork.


  • Holiday Home
    We will finance you to purchase your holiday home.
Fees and Charges
  • Facility arrangement fee: 1% of loan amount (Minimum KES 10,000)
  • Legal costs and stamp duty – varies depending on property value and location
  • Fire (property) insurance – comprehensive insurance with the Bank's interest duly noted
  • Mortgage protection insurance for the borrower – to safeguard the borrower during the mortgage term
  • Valuation fees – upon approval of application, the property should be valued
    • What is a mortgage?
      A mortgage is a loan advanced to the customer by the bank towards the purchase or construction of a property. The customer provides the bank with his / her property as a security.


    • What is a variable interest rate?
      A variable interest rate is where the interest rate changes from time to time based on the prevailing economic environment.


    • Can I make lump sum payments into my loan account?
      Yes. The bank allows you to make lump sum payments into your mortgage loan account. You however need to advise us whether you would like the amount to be applied as a capital repayment.


  • What bank charges apply when taking out a personal home loan?
    There is an arrangement fee that the customer is expected to pay upon acceptance of the loan. It is 1% of the loan amount (minimum KES 10,000.00).

Learn more »

NIC Bank

Choosing the right mortgage plan is a top priority when beginning the journey to home ownership. The option you choose should fit your unique needs and preferences. At NIC we have a dedicated team of Mortgage specialists to walk with you through the journey towards securing your dream home.

NIC Mortgage offers you a variety of options:

  • Equity Release – Financing against your already existing house
  • Purchase Financing – Loan that funds to buy a readymade house
  • Top-Up – Increase in value of your existing mortgage due to reduction of loan amount or appreciation of property value
  • Balance Transfer/Refinance -Transfer of an existing mortgage from one financier to another
  • Construction Finance – Loan that funds the building of a residential  home or residence
  • Plot Purchase – Financing to buy vacant land



  • Up to 90% financing for Kenyan residents and 70% financing for Kenyans in the diaspora
  • Mortgage Protection Insurance (MPI) cover that takes care of retrenchment, death and disability and social perils cover included
  • Competitive Interest rates
  • Flexible repayment periods of up to 20 years
  • No penalty for early repayment
  • Available to both Kenyan citizens and non-Kenyan permanent residents
  • We arrange for valuation and legal processes by bank-appointed service providers
  • Joint applications allowed
  • Minimum amount of KES 1 million. Maximum amount is based on your ability to repay.
  • Interest is charged on a reducing balance basis


  • A completed and signed Mortgage application form
  • Your Original ID/Passport (plus copies)
  • 6 months certified bank statement
  • 3 months pay slips
  • Sale agreement or letter of offer( for purchase mortgage only)
  • Letter of introduction from employer


Cost associated with Mortgage

  • Arrangement fee
  • Legal Fee
  • Valuation fee
  • Stamp duty on Transfer
  • Stamp duty on Charge
  • Insurance
Commercial Bank of Africa

Buying a house is one of life’s major expenses. That’s why it’s so important to find a financial partner you can trust when it comes to borrowing the money you need. With decades of experience in mortgage lending, CBA can offer you some of the best advice complemented by individually tailored mortgage solutions. If you are looking to buy or build a home, we offer a variety of mortgage options that will put the key in your hand sooner than you think.


  • Available and experienced relationship management on hand to advise and guide you on property evaluation and market trends
  • Flexible repayment periods up to 25 years
  • No penalty for early repayment


  • Minimum amount of KShs. 1 million, maximum amount is based on your ability to repay
  • You can borrow in Kenya Shillings or in major foreign currencies such as USD, EURO and GBP (if your income/salary is in a foreign currency)
  • Available to both Kenyan citizens and non-Kenyan permanent residents
  • We arrange for valuation and legal processes by bank appointed service providers
  • Interest is charged on a reducing balance basis

Application Requirements:

  • A completed and signed mortgage application form
  • Your original ID/passport (plus copies)
  • Bank statements for the previous six months
  • Pay-slips for the previous six months
  • Duly signed sale agreement


For more information contact your Relationship manager or Customer Service Representative or email us at


To apply for your mortgage now, download and fill this form and send it through to us

Stanbic Bank

Ordinary Home Loan

Our home loans give you the opportunity to buy your own property. Our 105% Mortgage financing solution just made this easier. It caters for 100% sales price plus the closing cost i.e. stamp duty and legal fees to facilitate home ownership. With this product, you can now buy an existing, developed residential property and get up to 105% financing.

Get up to 105 % financing

  • Up to 105% finance for purchase of a single dwelling residential properties below Ksh 20 million
  • Up to 100% finance for construction of single residential house below Ksh 20 million
  • You must be a salaried individual with a minimum gross salary of Kes. 100,000
  • Maximum Loan tenure – up to 20 years.
  • Debt to Income Ratio : Not exceed 50% of Net Salary
  • Minimum loan amount : KShs 1 million
  • Minimum property value – Kshs 3 million
  • Free cover limit: loan amount of KShs 30 million and below
  • Only available in Local Currency
  • With our access mortgage feature, you can make lump sum deposits and withdrawals on your Home Loan account at no cost
  • Embedded insurance in the loan repayments
  • Approval is within four days after we get all your documents
  • We have a dedicated call centre to help you through the home loan application process
  • Competitive variable interest rates linked to our base rate

Get 90% financing

  • The loan amount should be at least KSh1 million
  • Minimum property value of Kes. 3 million
  • Home loans are available to both salaried and self-employed individuals
  • Available to both local and Diaspora customers
  • We finance up to 90% of the value of the property or the sale price, whichever is lower
  • The maximum loan repayment period is 20 years
  • Our access mortgage feature allows you to make lump sum deposits into and withdrawals from your home loan account at no cost
  • Approval is within four days after we get all your documents
  • We have a dedicated call centre to help you through the home loan application process
  • Competitive variable interest rates linked to our base rate
  • Credit life protection insurance is included in your loan repayments
  • Available in all major currencies

Equity Release

This product allows homeowners to unlock the value in their homes by letting them borrow money against their property.


Construction Financing

With this product, you can now construct your residential property and get up to 100% financing of the cost of construction.


Barclays Bank

Whether you’re a first time buyer, buying another property, buying-to-let or wanting to build your own house; with a Barclays home loan you can have the home you want.

To get your Mortgage is pretty straightforward and we promise to assist you every step along the way. We also guarantee to inform you within 48 hours if your application was successful and to keep you updated throughout the whole process.

We also offer fully Shari’ah compliant mortgages.

Choose your mortage option



  • Buying a home
  • Building a home
  • Equity Release Loan
  • Buying to let


When you've found the one you want

A straight purchase

You’ve found a house you like, you want to buy it and we help you with a mortgage.

To get a mortgage follow these steps

What you get

  • Intended for anyone who wants to own a home
  • Repayment period of up to 25 years
  • Purchase the desired property anywhere in the country
  • Security charge over property
  • Maximum loan finance of 90%
Costs Percentage of mortgage amount (approximate)
Transfer stamp duty 4% of home value / 2% for upcountry
Stamp duty on charge 0.1%
Negotiation fees 1% to 2%
Legal fees 1.2%
Fire insurance 0.125%
Home loan protection cover 0.3%
Valuation fees 0.25% of value of property
Insurance and protection costs are annual

Construction loans

You want to buy land to build on or already have land to build on? We can help you build your dream home.

What you get

  • Get up to 100% of the construction costs if plot is already owned
  • Get up to 80% for buying and building – Maximum 20 year payback period
  • Construction loans are disbursed in four phases, 25% of the loan at a time, subject to architect’s certificate and relationship manager report
  • Building plans must be approved
  • Bill of Quantities (BQs) must be drawn by independent, qualified Quantity Surveyor
  • Fixed price contract for amount above KES10m
  • Construction site must be urban property intended for residential use
  • Both pre- and post-construction valuation fees are applicable
  • Stage valuations are done throughout the construction process
  • 9 month moratorium during construction after which repayment starts
  • Interest gets paid only on the drawn amount

Equity Release Loan

A mortgage that lets you tap into the value of your property and utilising it as a cash loan

What you get

  • Get up to 80% of the value of your property in cash
  • Repayment period is 15 years
  • Value of property needs to be more than KES2m (Nairobi) and KES1.5m (up country)
  • Finance: up to 80% of property value
  • Security: charge over property
  • Valuation fees: 0.25% of property value


Build a property investment portfolio for yourself by purchasing property that you let

What you get

  • Intended only for Premier Banking clients who wish to build a portfolio of property investments
  • Loan to the value of 70%
  • Purchase up to six properties
  • Finance available for single family occupant houses only
  • 12 month rental lease must be signed upon purchase
  • No moratorium is available


When you have mortage with another financial institution you can transfer it to Barclays and benefit from our wide range of product offerings and services

What you get

  • Value of property: more than KES2m (Nairobi) and KES1.5m (up country)
  • Interest Rate: 14% on reducing balance
  • Deposit: 0%
  • Tenure: up to 25 years depending on retirement age
  • Security: discharge and charge over property
Rate Comparison Table

Mortgage ProviderRatePeriod - Years
Standard Chartered Bank Kenya12.2%25
Citibank Kenya
Commercial Bank of Africa
Kenya Commercial Bank
NIC Bank Kenya
CFC Stanbic Bank
Barclays Bank Kenya
Diamond Trust Bank
Co-operative Bank
Consolidated Bank
Equity Bank
I&M Bank
HFC Group
SBM Bank

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