Best Home Loans In Kenya

What is a 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 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 the 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 – 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 property 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.

Which bank has the cheapest mortgage rates in Kenya?

Standard Chartered Bank Kenya

Standard Chartered offers some of the cheapest mortgage rates in KEnya so far. The interest rates can go as low as 12.2% with an option for the comprehensive 105% mortgage financing solution.

What is the current mortgage rate in Kenya?

Commercial Bank of Africa

Commercial Bank of Africa offers an attractive mortgage loan rate that is more affordable than the average mortgage rate in Kenya at 12.9%.

How do you qualify for a mortgage in Kenya?

  1. Completed and signed application form.
  2. Certified copies of last 3 pay slips.
  3. Certified letter from employer stating terms of employment.
  4. Certified copy of ID/passport.
  5. Copy of PIN certificate.
  6. Sale agreement.
  7. Documentary evidence of any other income.

Is the mortgage a good idea in Kenya?

Is a mortgage better than cash? It really depends. Mortgages offer individuals with the option of owning property without having 100% of the money required to purchase the property. However, the interest paid over time can be quite high depending on the interest rate of the lender.