NewWe have posted new properties in addition to our 10,000+ listings!Check them out

    AREAfrican Real Estate.
    • Home
    • Buy
    • Let
    • Properties
    • Blog
    AREAfrican Real Estate.
    • Home
    • Buy
    • Let
    • Properties
    • Blog
    © 2025 African Real Estate | All rights reserved.
    Finance

    Best Mortgage Rates In Kenya For 2025: Compare Top Banks & Save Big

    Author: Celine Edittah

    Published on: October 08, 2025

    Cover image for article: Best Mortgage Rates in Kenya for 2025: Compare Top Banks & Save Big

    Let’s be honest. Nobody wakes up excited to compare mortgage rates. But if you're planning to own a home in Kenya, this step can literally save you hundreds of thousands of shillings.

    This guide helps you compare mortgage rates in Kenya from top banks.

    Why Interest Rate Isn’t Everything

    Most Kenyan banks offer mortgage interest rates between 12% and 15%, depending on whether the rate is fixed or variable. But the lowest number isn’t always the cheapest option in the long run.

    Instead of focusing only on the interest rate, compare the Annual Percentage Rate (APR). The APR factors in fees, insurance, and other costs. This in turn gives you a better idea of what you'll really pay.

    Beyond interest rates, look at the loan tenure, down payment requirements, legal fees, and whether the bank allows early repayment without penalties. Some banks make it a nightmare to refinance or exit your loan, while others keep it flexible.

    Also, think about how stable your income is. If your cash flow is unpredictable, a fixed-rate loan might give you peace of mind. If you expect your income to grow steadily, a variable-rate loan might offer better savings long term.

    The Big Players: What They're Offering

    KCB

    It is known for being mortgage friendly. They offer rates from around 13%, and their KCB S&L Mortgage is popular among first-time buyers. Their process is streamlined, and they have a variety of loan options including plot and construction financing.

     Co-operative Bank 

    Usually keeps rates around 13.3% to 14%, and they’re great if you want to pair your loan with other services like insurance. They also tend to be flexible with civil servants and salaried customers.

    NCBA 

    They recently stood out with their low introductory rates. Some as low as 11.9%, especially for earners with high incomes or borrowers with clean credit. But, subject to qualification criteria and current bank policy. But watch out for step-up clauses where rates adjust after the first few years.

    Absa Bank Kenya 

    It is aggressive in the mortgage space too. Absa Bank Kenya currently offers mortgage rates from around 14.6% per annum on a reducing balance basis, with select promotions as low as 9.5% for specific properties.

    Stanbic and Standard Chartered 

    Both target high-end clients, offering slightly higher rates but top-notch customer service, quick turnaround times, and premium home loan packages. Stanbic, through its partnership with the Kenya Mortgage Refinance Company (KMRC), offers fixed-rate mortgages starting at 9.5% per annum for qualifying affordable housing projects.

    However, typical mortgage rates for both banks currently range between 16% and 17%, depending on the loan type and borrower profile. Expect to pay more for the premium experience, faster processing, and flexible repayment options.

    67 views
    0265

    Related Articles

    Home Loans, Demystified: Should You Trust a SACCO or Go Bank Mortgage?

    Home Loans, Demystified: Should You Trust a SACCO or Go Bank Mortgage?

    Celine Edittah•Oct 11, 2025
    Finance
    From Utilities to Security : The True Cost of Living in Your Own Home

    From Utilities to Security : The True Cost of Living in Your Own Home

    Celine Edittah•Oct 11, 2025
    Finance
    Construction Loans in Kenya 2025: Compare the Best Bank & SACCO Options

    Construction Loans in Kenya 2025: Compare the Best Bank & SACCO Options

    Celine Edittah•Oct 8, 2025
    Finance
    View all articles →

    Popular Articles

    Related Articles

    Home Loans, Demystified: Should You Trust a SACCO or Go Bank Mortgage?
    Finance

    Home Loans, Demystified: Should You Trust a SACCO or Go Bank Mortgage?

    Celine Edittah
    Oct 11, 2025
    From Utilities to Security : The True Cost of Living in Your Own Home
    Finance

    From Utilities to Security : The True Cost of Living in Your Own Home

    Celine Edittah
    Oct 11, 2025
    Construction Loans in Kenya 2025: Compare the Best Bank & SACCO Options
    Finance

    Construction Loans in Kenya 2025: Compare the Best Bank & SACCO Options

    Celine Edittah
    Oct 8, 2025

    Popular Posts

    Most popular posts, articles and guides about real estate

    Most viewed articles

    1.
    Revolutionize Your Dream Home: Discover the Latest Home Decor Trends for 2025

    Read more

    2.
    Discover the Best Affordable Estates in Nairobi: Perfect for Renters

    Read more

    3.
    Maximize Your Home’s Value: Best Renovations to Sell for Top Dollar

    Read more

    4.
    The Ultimate List of House Types in Kenya: Find Your Ideal Living Space

    Read more

    5.
    Your Ultimate Guide to Renting an Apartment: Tips and Tricks You Need

    Read more

    Popular Posts

    Most popular posts, articles and guides about real estate

    Most viewed articles

    1.
    Revolutionize Your Dream Home: Discover the Latest Home Decor Trends for 2025

    Read more

    2.
    Discover the Best Affordable Estates in Nairobi: Perfect for Renters

    Read more

    3.
    Maximize Your Home’s Value: Best Renovations to Sell for Top Dollar

    Read more

    4.
    The Ultimate List of House Types in Kenya: Find Your Ideal Living Space

    Read more

    5.
    Your Ultimate Guide to Renting an Apartment: Tips and Tricks You Need

    Read more

    Recommended Topics

    Recommended topics

    housinghome-decorfinanceinvestingtips