Best mortgage lenders in Kenya


Mortgage is important in Kenya especially if you want to own a home but you don’t have enough cash at the moment. There are many companies offering mortgages in Kenya cheaply. But since it’s like a loan you are taking, don’t go for providers who will give you headache in future. Below is a list of the best mortgage providers in Kenya:

KCB Bank

KCB Bank is one of the biggest banks in Kenya. It has been offering mortgages to Kenyans for more than 20 years. You can borrow money from Ksh 500,000.The mortgage financing is structured in such a way that if you want to occupy the house, they finance up to 90% of the total cost of the house. If the house is for income generation, they finance up to 80% and if it’s a plot you want to purchase, they finance up to 70%.The interest rate is from 10% to 12.5% per year.

Standard Chartered Bank

Standard Chartered Bank offers three types of mortgages: home loan, construction mortgage and non-resident mortgage.

Construction mortgage amount is up to Ksh100 million. Interest is 1% of loan amount (Minimum KES 10,000)

Charges associated with the home loan:

Home mortgage amount is up to Ksh 100 million. Benefits run up to 25 years. Interest charged is 1% of the total loan amount.

Non-resident also gives a loan of up to Ksh100 million with longer loan tenor periods of up to 20 years. Interest is 1% of the loan amount or minimum of Ksh10, 000.

National Bank

There are three types of mortgages under National Bank: residential plot purchase, mortgage top up and equity release.

Interest on the mortgage is 1% of the loan amount.

The mortgage takes up to 25 years.


NCBA offers you a chance of owning a home through their mortgage.The loan repayment period takes up to 25 years.


If you’re looking for a home loan, NCBA makes becoming a homeowner an achievable goal. Our loans offer:

  • Mortgage loan facilities of the loan amount in local currency, 1.5 % of the loan amount in foreign currency.
  • NCBA mortgage loans are offered in Kenya Shillings, Dollars, Pounds, and Euros.
  • Up to 105% Financing of property value or market price whichever is lower.
  • Maximum term of up to 25 years.
  • Home loan Interest is calculated on a reducing balance basis.


You can take a loan to buy a home, build a home,buy to let,or re-mortgage.If you want to buy a home,the bank will finance up to 90% of the value of the home.The repayment period is 25 year.

Costs of the mortgage

CostsPercentage of mortgage amount (aproximate)
Transfer stamp duty4% of home value / 2% for upcountry
Stamp duty on charge0.10%
Negotiation fees1%-2%
Legal fees1.20%
Fire insurance0.13%
Home loan protection cover0.30%
Valuation fees0.25% of value of property

If you want to build a home, this is what ABSA will give you:

  • Up to 100% of the construction costs if a plot is already owned
  • Up to 80% for buying and building – with a maximum 20-year payback period
  • Fixed-price contract for amount above KES10m
  • 9-month moratorium during construction after which repayment starts
  • Interest paid only on the amount drawn


CostsPercentage of mortgage amount (aproximate)
Transfer stamp duty4% of home value / 2% for upcountry
Stamp duty on charge0.1%
Negotiation fees1% to 2%
Legal fees1.2%
Fire insurance0.125%
Home loan protection cover0.3%
Valuation fees0.25% of value of property

Cooperative Bank

Cooperative Bank offers mortgage to diaspora individuals. It’s actually among few institutions that offer this kind of mortgage.


  • A full copy of Kenyan passport / Kenya national identity card
  • Copy of Kenyan PIN certificate
  • A valid copy of residence / work permit
  • Copy of recent utility bill (gas, power).
  • Letter from employer stating employment terms
  • Fill in and sign loan application forms
  • 3 months latest payslips
  • 6 months latest certified salary bank statements
  • Draft sale agreement or offer letter
  • Copy of title for the property
  • Evidence of down payment / deposit
  • Registered specific power of attorney (optional)

Stanbic Bank

Stanbic Bank offers up to 105% financing.

Features of the mortgage

  • Loan tenure – up to 25 years (300 months)
  • Debt to income ratio – should not exceed 50% of net salary
  • Minimum loan amount – Kes. 1M
  • Minimum property value – Kes. 1M
  • Free cover limit for loan amount Kes. 40M and below
  • Interest rate is pegged to Stanbic Bank Prime Rate local currency
  • Flexible repayment terms
  • The bank will finance the Deposit, Stamp Duty and Legal Fees required to own the property
  • Embedded insurance in the loan repayments to cater for mortgage protection, retrenchment and house insurance
  • Competitive interest rates
  • Access to all other Stanbic Bank solutions and products (e.g. overdrafts, credit cards, current accounts, savings account, mobile and internet banking)
  • Legal fees are paid to bank appointed lawyer
  • Valuation is done by bank approved valuers
  • Available both to salaried and self-employed customers. Loans available both in local and foreign currency

I&M Bank

Benefits of the home loan

  • A unique step-up option, whereby you can choose to pay lower monthly repayments in the initial years and higher amounts in later years, thereby matching your repayments to your future growing income
  • Competitive pricing on Home Care insurance
  • Pre-approved Visa international credit card with a waiver on joining fees
  • Free fire insurance cover for the first year with GA Insurance Co Ltd
  • Up to 20 years repayment period for Kenya Shillings mortgage and 10 years for US Dollar denominated mortgage

List of loans offers by the bank

  • Purchase of new or existing residential property
  • Purchase of undeveloped plot or land
  • Construction of residential property on a previously purchased land
  • Financing the purchase of a unit being built by a reputed developer
  • Take over of existing house loans from other financing institutions
  • Top-up of existing Home Loan with l&M Bank
  • Renovation, repairs, or extension of existing property
  • Equity release – raising funds from the value of your existing house Residential plot purchase
  • Commercial mortgage – purchase of commercial property, plot, or construction Mortgage in Foreign currency – US Dollar-denominated

Bank of Baroda

Bank of Baroda gives mortgage of up to Ksh 100,000,000.

Baroda Mortgage Loan : Loan Amount

Minimum Kshs. 1,000,000/-& maximum Kshs. 100,000,000 (Also in available USD)subject to following income criteria;

  • For salaried person/s :- 36- times of gross monthly income.
  • Others: -5- times of gross annual income (average of last -2- years).
  • (Total deductions including the proposed EMI/ notional installment should not exceed 60% of the gross monthly income).

Baroda Mortgage Loan : Repayment

  • Term Loan: By -120-Equated Monthly Installments (EMIs).
  • Overdrafts: -12- months subject to annual review.
Age of the Borrower
  • Minimum-21- years
  • Maximum- present age plus repayment period should not exceed -70- years of age or retirement age (salaried person), whichever is earlier.
  • Rate of Interest CBR+4%

Equity Bank

Equity Bank offers mortgage finance with repayment period of up to 20 years.Interest does not exceed 1.5% of the property value.

Family Bank

Another bank to approach for home loan is Family Bank. Maximum repayment period is 25 years.


   Stamp duty (4% of property value)

   Legal fees

  Valuation fees

  Appraisal fees 1% of loan amount


  •   Friendly and affordable rates depending on your income


   Copy of title to the property

  Copy of National ID/KRA PIN certificate of individual

  Valid sale agreement or letter of offer from the seller

  Payslips for the past 3 months

  Letter from employer confirming employment status

  Bank statements for the past 6 months

  One passport size photograph

Diamond Trust Bank

Features of the mortgage

  • Purpose:
    • Purchase of new / existing residential houses
    • Renovations, repairs or extensions of existing unencumbered property
    • The takeover of existing housing loans from other financial institutions
  • Location – properties located in cities and major municipalities
  • Currency – LCY
  • Minimum credit limit – Kshs. 1 million
  • Maximum credit limit – Kshs. 100 million
  • Minimum term – one year
  • Maximum term – twenty years and no later than the 60th birthday or date of retirement whichever comes first
  • Debt burden ratio – no more than 50% of net salary for salaried individuals
  • Security/collateral – charge over property
  • Loan To Value (LTV) ratio of collateral – 90% of cost price / market value whichever is lower
  • Repayment – monthly principal and interest
  • Interest rate – prevailing market rate
  • Fees / commission – appraisal fees 2% and 1% on the anniversary
  • Insurance –
    • Fire & burglary protection cover
    • Mortgage protection cover for the borrower


  • For employees
    • Copy of PIN & national ID
    • Must have worked with their current employers for two years
    • Must be confirmed in their present positions
    • Must open / maintain account(s) with DTB where their salary is channeled by their employer
    • Statement of net asset & income
    • Reference letter from employer and / or bankers
    • Bank statements for the last twelve months
    • Last repayment date not to exceed the retirement age or their 60th birthday, whichever comes first
    • Payslip for the last 3 months for salaried borrowers
    • Duly filled application form
  • Self-employed & business entities
    • Bank statements for the last twelve months
    • Must open / maintain account(s) with DTB
  • Other terms & conditions applicable
    • Copy of duty executed sale agreement duly signed dated and stamped
    • Valuation report from an authorised valuer
    • Letter of the offer between seller & buyer
    • Certified copy of title deed

Bank of Africa Kenya


Mortgage Products Offered:

  • Home improvement: this is a facility that is granted to renovate or to change the aspects of an already acquired property. The loan can be a top up on the existing mortgage or a new loan.
  • Property acquisition: This facility is used to purchase a new property. The property being purchased forms the collateral for the loan. It can be used to purchase a home for owner occupation, a commercial property for use by your business and a residential or commercial property for investment purposes. The collateral is the property being purchased.
  • Equity release: a property that is already owned by the borrower is used to acquire a loan facility from the bank. The loan will be used to finance working capital for the business, purchase of another property and other investment activities that will yield income for the borrower.
  • Construction: the bank will finance the borrower towards development of new properties. It can be used for homes for occupation, investment properties be it residential or commercial.


  • A duly completed and signed loan application form.
  • A sale agreement/offer letter.
  • Copy of identity such as identification card or passport and registration documents for a business.
  • Proof of income i.e. payslips.
  • Bank statements for the last six months.
  • Copy of the title for the property offered as collateral.
  • A valuation report from a valuer in the bank’s panel (can also be availed after approval).
  • Letter of introduction and undertaking from employer for employed persons.
  • Open a Current account.


  • Own occupation.
  • Tax benefit through mortgage relief.
  • Financial advice on mortgage products.
  • Personalized customer service.
  • Flexible terms of repayment.
  • Savings on rent.
  • Capital gains from property appreciation.

Housing Finance

Asset Finance

HFC Asset Finance is a type of financing for movable assets such as motor cars, school buses, construction equipment, industrial equipment, and other assets with a minimum finance amount of Kes 300,000.


  • Saves on business working capital
  • Low transaction costs compared to other loans
  • No additional security is required- it’s self-securing
  • The depreciating component in the books of accounts leads to a reduction in tax paid by the business

Affordable Housing financing

This solution is designed for customers who want to buy property for own occupation under our Affordable Housing Proposition. We have partnered with Kenya Mortgage Refinance Company (KMRC) to make your home ownership easier.

Requirements for Employed

  • ID/Passport copies
  • KRA PIN Copy
  • 3 months’ payslips
  • 6 months’ salary bank account statements
  • Letter from employer

Requirements for Self-Employed

  • ID/Passport copies
  • KRA PIN Certificate
  • 1-year bank statements
  • Business Registration


  • Loans of up to 90% of the purchase price or valuation whichever is lower
  • Repayment period of up to 20 years
  • Dedicated fulfilment centre for all your property solutions.

Fees & Rates

  • Commitment fees – 2% of the loan amount
  • Excise duty – 20% of the commitment fees
  • Other related costs – stamp duty, valuation fees, legal fees


  • Concessional rate of 9.5%
  • Loan term of 20 years
  • Fast processing of the loans
  • Flexible, experienced and reliable staff
  • Dedicated fulfilment centre for all your property solutions

Plot financing

Own a plot today and grant yourself the opportunity to become a developer. This product enables you to purchase a plot of land for future construction or development for up to 70% financing of the selling price or value, whichever is lower.

Requirements for Employed Persons

  • ID/Passport copies
  • KRA PIN Copy
  • 3 months’ payslips
  • 6 months’ salary bank account statements
  • Letter from employer

Requirements For Self-Employed Customers

  • ID/Passport copies
  • KRA PIN Certificate
  • 1-year bank statements
  • Business Registration


  • Up to 70% financing of the selling price or value whichever is lower
  • Maximum loan term of up to 5 years.


  • Affordable way to purchase plot
  • Availability of construction loans to develop the plot

Fees & Rates

  • Commitment Fee of 1.5%.
  • Valuation fee of approximately 0.5%.
  • Legal Fees of approximately 1-2%.
  • Stamp duty of 4%


The Construction Loan is a facility that allows those who already own a plot to borrow funds to enable them build residential units on the plot. The construction project is then managed by an agreed group of professionals with disbursement handled on an arrear’s basis directly to the contractor.


  • Approved building plans
  • Evidence of applicant’s contribution
  • Bill of Quantities
  • Contractor agreement
  • Profiles of (Project Manager and or, Architect, Quantity Surveyor, Contractor, Structural Engineer)
  • Professional indemnities of the Architect and engineer


  • Maximum loan of up to 90% for owner occupier and 70% for rental or investment units
  • Customer will only pay interest for a period of up 12 months during the construction period
  • Maximum loan term of up 20 years for employed customers and 10 years for SMEs


  • HFC will provide construction monitoring services
  • Customer will only pay interest during construction period
  • Access to in-house construction management team at HFC
  • Loan conversion to long-term mortgage on completion of construction

Fees & Rates

  • Commitment Fee of 1.5%
  • Valuation fee of approximately 0.5%
  • Legal Fees of approximately 1-2%

Investment Residential financing

This is a facility taken for property considered as an investment and not intended to be occupied as the primary home of the borrower. It is suitable for the individuals who want to buy another property to join the already existing stable investment. Purchasing that second piece of real estate could be one of the best decisions you ever make.

Requirements for Employed Persons

  • ID/Passport copies
  • KRA PIN Copy
  • 3 months latest paystubs
  • 6 months salary bank account statements
  • Letter from employer

Requirements For Self-Employed Customers

  • ID/Passport copies
  • KRA PIN Certificate
  • 1-year bank statements
  • Business Registration


  • Loans of up to 85% of selling price for single units and 70% for multiple units
  • Repayment period of up to 10 years.

Fees & Rates

  • Commitment fee of 1.5%
  • Valuation fee of approximately 0.5%
  • Legal fees of approximately 1-2%
  • Stamp duty of 4%

Gulf Bank Personal Home Finance

The repayment period for this loan is 25 year.


  • Duly completed facility application form
  • Duly signed Sale Agreement/Vendors Offer Letter/Draft Sale Agreement
  • Certified payslips for the last 3 months
  • Letter of Introduction from employer
  • Copy of Title Deed in respect of property being financed
  • Certified bank statements for the last 6 months
  • Copy of ID/Passport
  • Copy of KRA PIN Certificate
  • 1 passport size photo

Personal home finance takes up to 20 years of repayment.


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