Best Bank For Home Loans In Kenya

What is Home Loan?

A home loan is an amount an individual borrows from a financial institution such as a housing finance company to buy a new or resale home, construct a home, or renovate or extend an existing one.

Best Bank For Home Loans In Kenya

 KCB Bank

You can borrow from KES 100 million with up to 90% for owner-occupier,80% for income-generating properties, and 70% for plot purchase. The interest rate is 13.3%.

ABSA Bank of Kenya

Financing up to 90% financing with a repayment period of up to 25years

Stanbic Bank

Up to 105% finance of properties below Kes. 20M and up to 100% finance for construction of single residential houses below Kes. 20M.The payment period of up to 20 years

Standard chartered bank

You can borrow up to KES 100 million, with up to 100% financing and a long tenor of up to 25 years. The interest rate is 12.2%.


It offers Up to 105% Financing of property value or market price. The maximum term of up to 25 years. NCBA mortgage loans are offered in Kenya in Shillings, Dollars, Pounds, and Euros.


The loan amount is based on the customer’s ability to pay. The loan period is up to 180 months (15 years) and the financing Margin – is up to 100% financing.

HF Group

It offers up to 90% financing of the property value with an interest rate of 13%. The maximum repayment period is 20 years.

Citibank Kenya

Citibank offers fixed and adjustable-rate mortgages. The annual interest is 12.5%.

Gulf bank 

Gulf Bank provides home financing solutions for properties in any major city or town with flexible financing and repayment plans. It’s based on the Diminishing Musharaka Sharia’h Agreement. The repayment tenure is up to 20 years.

What is the mortgage rate in Kenya today?

Citibank Kenya.

This bank offers a mortgage loan rate of 12.5%. This bank has a fast and simple application process with a short approval time.

How to buy a house on the mortgage in Kenya?

The mortgage loan application process in Kenya generally involves the following steps:

  1. Find your dream property.
  2. Application and document submission
  3. Approval
  4. Acceptance of the offer letter
  5. Conveyancing and charge
  6. Disbursement.

Who is eligible for a mortgage in Kenya?

A higher credit score and a positive credit history increase your chances of qualifying for a mortgage. Down Payment: Most mortgage loans require a down payment, which is a percentage of the property’s purchase price paid upfront. The amount varies but is often between 10% to 30% of the property value.