Best Mortgages in Kenya

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Looking to own a home without breaking your back? KCB is giving out mortgages of up to KES 10.5 million, repayable over 25 years, and they’ll even cover up to 105% of the cost—meaning you won’t need to stress about extra fees like stamp duty or legal charges. Their current rate sits around 15.75%, so plan your budget wisely.

Advantages

You can borrow a big chunk—KES 10.5M can actually get you decent property in Nairobi outskirts or major towns.
Long repayment time (25 years) means your monthly stress stays low.
They offer high financing—even more than the value of the house in some cases.
They don’t lock out self-employed or diaspora clients, which is rare in many banks here.
You can top-up later if you need more funds, which helps with extensions or emergencies.

Disadvantages

That interest rate isn’t the friendliest—some other banks are offering better deals below 10%.
Since the rates are tied to base rate, if the market shifts, you might end up paying more down the road.
A 25-year loan is a long haul—life can change a lot in that time.

If you want a mortgage with wiggle room and fewer eligibility hoops, KCB’s offer is solid—just be ready for the higher rates.

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With Standard Chartered, you can borrow up to KES 100 million to buy or build your dream home, and they’ll give you 100% financing, meaning no deposit hustle. Repayment runs for up to 25 years, and the current rate is about 16.5% p.a., so it’s not the cheapest, but it’s solid if you’re looking for big financing.

Advantages

You can borrow big—KES 100M is enough to get serious property anywhere in the city.
No deposit needed—they finance the whole deal, even construction.
Long repayment period (25 years) helps keep your monthly stress manageable.
They support staged payments during construction, so you’re not paying interest on the full loan right away.
You can take the loan in KES or USD, which is a plus for diaspora clients or those earning in dollars.

Disadvantages

That 16.5% rate is on the high side compared to what other banks are offering right now.
It’s a variable rate, so it can go up if the market shifts.
Initial costs like legal fees, valuation, stamp duty and insurance can really add up fast.

Honestly, I’d go for it if I needed full financing and had solid income—just need to go in knowing the interest isn’t small and factor that into your long-term budget.

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NCBA’s handing out up to KES 10.5 million in home loans, and they’ll even sort up to 105% of your total property cost—including stamp duty and legal stuff. You can stretch the repayment for up to 25 years, and rates start as low as 9.5% per year, depending on your credit score and income.

Advantages

You don’t just get the cash for the house—NCBA throws in extras like legal fees and duty within that 105%.
The 9.5% starting rate is one of the friendliest around, especially with how rates are climbing.
A 25-year loan term gives you breathing space when it comes to monthly instalments.
They’ve got options whether you’re buying an apartment, building a house, or even just starting with a plot.
With construction loans, you only pay interest on money already used—not the whole loan upfront.

Disadvantages

That sweet 9.5% isn’t for everyone—what you actually get depends on your profile and CBK base rates.
Upfront charges can sting a bit: valuation, legal fees, insurance—it adds up fast.
It’s a variable rate, so if the economy shakes, your payments could too.

If you’re looking for a deal that gives you full financing without crazy monthly pressure, NCBA’s offer is worth grabbing while rates are still manageable.

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You can now borrow up to KES 10.5 million from Absa to either buy or build your home, with up to 105% financing to cover everything from the house price to stamp duty and legal costs. The bank’s KMRC-backed home loan comes in hot at a fixed 9% interest rate, while their regular mortgage sits around 17.5%, which is one of the higher ones in the market right now.

Advantages

Full financing means you won’t need to dig deep for a deposit or extra charges—Absa sorts it all in one go.
The 9% fixed rate for KMRC-backed loans is hard to beat, especially in today’s rising rate environment.
You get up to 25 years to pay, so monthly pressure is low even with bigger loans.
They’ve got every option covered—buying, building, refinancing, and even Islamic mortgage (Murabaha).
Approvals come through pretty fast—Absa says within 48 hours, and you can even get cash back for certain fees.

Disadvantages

The 17.5% standard mortgage rate is quite heavy—your monthly repayment shoots up fast.
Not all loans are fixed—if you go with a regular mortgage, your rate might move with market shifts.
Those legal and valuation costs still land on you, even if they fund them—you’ll repay every coin eventually.

If you qualify for the fixed 9% KMRC rate, Absa is giving you one of the cleanest mortgage deals in Kenya right now—fast, full, and flexible.

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Co-op Bank is giving out home loans of up to KES 10 million, with 100% financing for completed homes and 90% if you’re building from scratch or doing plot-and-build. You’ll get up to 20 years to repay if you’re salaried (12 if self-employed), and the interest sits at a reducing 9.9% per year—which, frankly, is one of the best deals going right now.

Advantages

The bank sorts everything—house price, legal fees, stamp duty—all in the mortgage.
That 9.9% reducing rate? Very competitive, especially with interest rates going wild elsewhere.
Long repayment time means you don’t break your back with huge monthly instalments.
They’ve got options for buying, building, or even finishing a stalled project.
They’ll also guide you through the process, with personal mortgage consultants available in-branch.

Disadvantages

If you’re building, you’ll need to chip in—Co-op only covers 90%, so some costs come from your pocket.
KES 10M might fall short if you’re eyeing high-end property, especially in Nairobi’s prime zones.
Not all borrowers qualify for the KMRC rate—standard mortgages come with higher rates.

Honestly, this is one of the few bank mortgages right now where the math actually works—low rate, full coverage, and no nasty surprises mid-way.

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Stanbic’s dishing out home loans of up to KES 10.5 million, with 105% financing that covers not just the house, but legal fees, insurance and stamp duty too. The fixed 9.5% interest rate under the KMRC plan holds steady for up to 25 years, which helps with planning and peace of mind.

Advantages

The 105% loan amount saves you from the usual headache of scraping cash for stamp duty and legal fees.
9.5% fixed is seriously competitive right now—especially when most banks are floating around 15–17%.
25-year repayment period means your monthly budget won’t be choked.
The loan works for buying, building, switching mortgages or finishing stalled homes—pretty versatile.
Comes bundled with insurance cover for job loss, death, and even house protection—few banks include all that.

Disadvantages

That sweet 9.5% rate only applies if you’re under the KMRC programme—other Stanbic mortgages are much pricier.
A 1.5% processing fee gets sliced off the top, which can be quite a chunk depending on the loan size.
Once a construction loan flips into a full mortgage, costs can adjust—so don’t assume your monthly will stay the same forever.

Stanbic’s KMRC mortgage is one of the most solid packages on the market—fair rate, full coverage, and real protection baked in.

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HF is offering up to 90% financing on home loans, with rates starting from around 9.5% per annum and repayment periods stretching to 20 years. The process is streamlined, especially through their deal with Superior Homes, making approvals quicker than most players in the market.

Advantages

The 9.5% interest rate is on the lower side, which helps a lot with monthly payments.
You get up to 20 years to pay, giving room to breathe—especially for salaried folks.
90% loan-to-value means you only need to raise a small chunk for deposit and fees.
Their tie-up with developers like Superior Homes speeds things up—you won’t be waiting forever for a yes.
You get assigned a mortgage specialist to walk you through the process, which makes things easier for first-time buyers.

Disadvantages

That remaining 10% down payment can still feel heavy for buyers without ready cash.
Not everyone qualifies for the lower rate—it depends on your income and credit score.
Some of their mortgages still hover around 12–13%, which isn’t as sweet as the KMRC-backed deals from competitors.

If you’re looking for a clean, fairly priced home loan without the long delays, HF’s package hits the mark—just make sure your paperwork and deposit are lined up.

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SBM is giving out home loans with up to 90% financing, repayable over 15 years, and you can borrow in either Kenya shillings or USD. Their mortgage options cut across buying property, building, switching loans, or unlocking equity from an existing home.

Advantages

You only need to raise 10% of the house price upfront—SBM sorts the rest.
Flexible usage: you’re not boxed into just buying—they support equity release and loan transfers too.
The 15-year term gives you time, and you’re not rushed with unrealistic repayments.
They throw in home insurance and mortgage protection, which saves you extra shopping around.
If you earn in dollars or have offshore income, you can go with a USD mortgage without stress.

Disadvantages

Their interest rate sits around 14.75%, which is slightly higher than what some bigger lenders are offering right now.
The max 15-year repayment term feels short when others give 20–25 years to stretch things out.
Their processing fee is about 3%, and it adds up when you’re borrowing big.

SBM’s product works well for buyers who want flexibility and built-in insurance—but the rate isn’t the friendliest, so make sure your monthly math checks out.

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National Bank is giving buyers access to up to 90% financing, with home loan rates pegged at CBR + 4%, currently sitting around 13%, and repayment terms stretching up to 25 years. For those earning abroad, they’re also offering foreign-currency mortgages at 10.5% (USD) or 9% (GBP), though capped at 10 years.

Advantages

You only need a 10% deposit—NBK handles the heavy lifting.
At around 13%, the rate is lower than what many other lenders are charging today.
You get up to 25 years to repay, which makes monthly payments a bit easier on your pocket.
Whether you’re buying a home, a plot, building, or topping up—same conditions, no drama.
For folks paid in USD or GBP, there’s a mortgage tailored for you, not just a conversion hustle.

Disadvantages

The 1.5% negotiation fee plus all the usual charges—stamp duty, valuation, legal—can bite if you’re not prepared.
Foreign currency loans only run for up to 10 years, which can make repayments heavier.
Construction and plot loans don’t get full 100% cover—you’ll still need some of your own cash to kick things off.

NBK’s mortgage ticks the right boxes for flexibility and rate stability, but you’ll want to budget properly for those front-end costs.

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Prime Bank is offering home loans with up to 100% financing, and you can choose between fixed or variable rates, depending on how you prefer to manage your repayments. The loan is available in both KES and USD, and repayment terms are tailored based on your income, age, and the property type.

Advantages

You can get the entire amount financed—ideal for buyers without deep savings.
They let you pick between a fixed rate for stability or variable rate if you expect market shifts.
Foreign currency option is solid for Kenyans earning in dollars or with diaspora support.
First-time buyers aren’t left out—they’ve got specific terms for newbies entering the property game.
You can plug numbers into their online mortgage calculator and get a ballpark on monthly payments.

Disadvantages

They don’t show the actual interest rates online—you’ll have to contact them and negotiate to get a full picture.
Since each loan is personalised, comparing it to other banks isn’t that straightforward.
Legal, processing and valuation fees aren’t clearly listed but are likely part of the deal, so factor that in.

Prime’s mortgage offer is flexible and useful for people looking for custom solutions—but be ready to ask the tough questions before signing anything.

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With I&M, you can get a home loan from KES 2 million to KES 100 million, repayable over up to 20 years in KES or 10 years if you prefer USD or Euro. The “Miliki Nyumba” plan offers a fixed 9.5% interest rate, and you can choose a Step-Up repayment plan that starts low and grows with your income.

Advantages

Fixed 9.5% interest under Miliki Nyumba keeps your repayment predictable, even when other banks are raising rates.
You can borrow big—up to KES 100M, which is more than enough for most Nairobi and Kiambu homes.
The Step-Up option is perfect if you’re early in your career but expecting your salary to grow.
Loans in USD or EUR work well for people earning from abroad or in multinationals.
First year’s home insurance is thrown in, and they even give you the option to bundle a credit card or extra benefits.

Disadvantages

If you’re going for the dollar or euro loan, your repayment period is capped at 10 years—tougher on monthly budgeting.
They haven’t clearly said how much of the house cost they’ll finance—some banks go up to 105%, so you’ll need to ask.
That 9.5% only applies to the Miliki Nyumba plan—standard mortgages may be higher, but they don’t display those figures upfront.

I&M’s fixed-rate mortgage is one of the cleaner, better-structured deals out there right now—just make sure you understand which package you’re getting before you commit.

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DTB is offering home loans that cover up to 90% of the property value, with repayment periods going up to 20 years. Following a recent rate drop of about 0.87%, current mortgage interest sits somewhere in the mid-teens, depending on your profile and whether you’re borrowing in KES or USD.

Advantages

Only 10% deposit needed, which is manageable for most middle-income earners.
They recently cut their rates, so the deal’s now better than it was earlier this year.
You get up to 20 years to repay, which helps reduce pressure on your monthly cash flow.
Whether you’re buying, building, topping up or switching from another bank—DTB has something for you.
They support foreign currency loans, which works well if you’re paid in dollars or pounds.

Disadvantages

They don’t show exact interest rates on the website—you’ll need to walk in or call to know what you’ll actually pay.
You’ll still need to cover things like legal fees, valuation, and stamp duty on your own.
The rate they give you depends on your income and risk score, so not everyone gets the best deal.

DTB’s loan is solid if you’re after flexibility and lower upfront stress, but you’ve got to go in ready to negotiate and ask direct questions.

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Family Bank offers home loans with up to 80% financing, stretching over 25 years — enough time to settle in and pay comfortably. Interest starts from 14.95%, pegged on their base lending rate, with the final rate adjusted depending on your credit profile.

Advantages

You get more years to repay, which really helps keep monthly payments lower — especially if you’re building from scratch.
Only 20% down payment needed – lighter on your pockets compared to most banks.
The 14.95% base rate is one of the lower ones around right now — many lenders are floating above 17%.
Works for both buying or building, so you’re not boxed into one option.
Loan officers actually assist with paperwork — title search, payslips, KRA PIN, all that jazz — so the hustle is less painful.

Disadvantages

The extra margin on top of the 14.95% means your final interest might shoot up if your credit score isn’t strong.
Stamp duty and fees (like the 4% government charge, lawyer and valuation costs) are on you — so prepare to part with some upfront cash.
Loan approval takes time, especially for self-employed folks who need to submit audited accounts and bank statements.

I’d take this mortgage without hesitation — long repayment time, fair rate, and good support make Family Bank a strong pick right now.

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Sidian Bank offers mortgages with rates ranging between 13% and 16%, depending on your credit score, income, and overall financial story. You’ll pay about 3% in appraisal and disbursement fees upfront, and repayment plans can stretch beyond 24 months, especially for clients with solid profiles.

Advantages

Interest based on your profile, not flat for everyone — you’ve got a shot at a good rate if your credit game is tight.
3% covers the upfront admin fees, which is actually reasonable by local standards.
If you’re financially clean, longer repayment terms are possible — though you’ll need to negotiate.
Loan officers give real support, not just paperwork — they help line up valuations, title checks, and cash flow assessments.
With Sidian VIBE and *527#, you can check your loan status or make payments without queuing at a branch.

Disadvantages

No fixed rate listed online, so until you apply, you won’t know exactly what you’re paying.
That 24-month figure feels tight for a proper mortgage — unless you’re doing a short-term top-up or bridging loan.
If your credit history isn’t strong, expect a higher rate, maybe even above 16%.

I’d go with Sidian for the flexibility and human approach — they seem to listen more than most when structuring your loan.

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Through the Diminishing Musharaka model, Gulf African Bank offers up to 70% property financing, with repayment plans stretching over 10 years. For clients who tick all the right boxes, profit rates can go as low as 11.75%, and approval is possible in just 48 hours.

Advantages

It’s fully Shariah-compliant, so no interest involved — just a rental model where you gradually buy the bank out.
Low entry rate of 11.75% for fast-track deals makes it one of the better-priced halal options.
Up to 70% financing helps reduce upfront pressure, especially for first-time buyers.
Quick turnaround, especially on pre-approved clients — 2 days and you’re good to go.
Works well for plot purchases, construction, or buying ready homes — not just one specific use case.

Disadvantages

Typical rate hovers around 17%, so not every customer gets the sweet 11.75% deal.
LTV maxes out at 70%, meaning you’ll need more out-of-pocket cash compared to banks that offer 80%.
The fast-track rates are mostly reserved for clients with very strong profiles — salaried, clean CRB, solid collateral.

I’d take this deal — it’s honest, fast, and gives Muslims (and others looking for interest-free finance) a real shot at property ownership.

Lender	Loan Amounts (KES)	Loan Term	Interest Rate (% p.a.)	Bonuses/Promotions
KCB Bank	Up to 10.5 Million (Affordable); Varies for other mortgages	Up to 25 years	~9.5% (Affordable); 14% – 16% (Standard)	Up to 105% financing on affordable housing scheme.
Standard Chartered Bank	Up to 100 Million	Up to 25 years	~15.5% – 17.5%	Multi-currency mortgage options (KES, USD).
NCBA Bank	From 500,000; Up to 105% financing	Up to 25 years	~13.5% – 16.5%	Financing for plot purchase and construction available.
Absa Bank Kenya	Up to 10.5 Million (KMRC); Varies for others	Up to 25 years	From 9.0% (KMRC); ~17.5% (Standard)	Up to 105% financing for KMRC-funded loans.
Co-operative Bank	Varies based on affordability	Up to 20 years	~14% – 17%	Multi-currency mortgages and automatic qualification for a credit card.
Stanbic Bank	From 1 Million	Up to 25 years	9.5% (Affordable); ~16% (Standard)	105% financing option available to cover purchase and closing costs.
Housing Finance (HF) Group	Up to 90% of property value	Up to 20 years	From 9.5% (Affordable); ~13% – 15%	Specialists in property financing with various solutions.
SBM Bank	Varies based on property and income	Up to 20 years	~15.0% – 17.0%	Financing for purchase, construction, and refinancing.
National Bank of Kenya	Up to 90% of property value	Up to 25 years	CBR + 4% (~17%)	Financing for both salaried and self-employed individuals.
Prime Bank	Up to 80% financing	Up to 15 years	~16.0% – 18.0%	No early repayment penalty mentioned as a key feature.
I&M Bank	From 2 Million	Up to 20 years	~15.5% – 17.5%	Financing available for residential and commercial properties.
Diamond Trust Bank (DTB)	Up to 80% of property value	Up to 20 years	~14.5% – 16.5%	Financing for purchase of new and old properties.
Family Bank	Up to 90% of property value	Up to 25 years	~13.0% – 15.0%	Focus on family home ownership and investment.
Sidian Bank	Up to 100% financing for specific projects	Up to 25 years	~15.0% – 17.0%	Partnerships with property developers for special rates.
Gulf African Bank	Varies (Shari’ah compliant financing)	Up to 20 years	Profit rate basis (equivalent to ~12-14%)	Shari’ah-compliant (Musharakah) home financing. No interest.