Affordable Housing Loan
Stanbic Bank in partnership with KMRC will facilitate your dream of owning a home at a rate of 8.99% p.a.
Affordable Housing Benefits
Interest Rate 8.99% p.a
Single digit of 8.99% fixed for the term of the loan
Fixed Rate Home Loan
Facility fee of 1.5% of the loan amount
20 Years Repayment
We offer you a long-term repayment period of up to 20 years.
105% Mortgage Financing
Up to 105% Financing of property value or market price whichever is lower.
8.99% p.a Affordable Housing Loan
If you’re looking for a home loan, Stanbic Bank in collaboration with Kenya Mortgage Refinance Company (KMRC) will make your dream of becoming a homeowner a reality.
The offer is valid from 15th November 2025 to 15th February 2026
The offer is valid from 15th November 2025 to 15th February 2026
Stanbic Bank Affordable Housing Loan?
Below is our Affordable Housing offering:
- Single digit of 8.99% p.a fixed for the term of the loan
- Loan amount not exceeding Kes. 10.5 Million
- Facility Fee of 1.5 % of the loan amount
- Maximum term of up to 20 years
- Up to 105% Financing of property value or market price whichever is lower.
- Available to Kenyans in diaspora (Loan must be in Kes.)
- Home loan Interest is calculated on a reducing balance basis.
- Allows purchase of single dwelling residential unit, Construction, Buy & Build, Takeovers from Non-Financial Institutions.
We are also able to take over mortgages and unsecured loans from other financial institutions with the conditions below:
- Maximum loan amount – Kes. 10.5 Mn
- Suitable property to serve as collateral.
- The loan should have been disbursed in the last 2 years.
The offer is valid from 15th November 2025 to 15th February 2026
At a rate of 8.99% p.a, you can own a home.
If you’re looking for a home loan, Stanbic Bank in collaboration with Kenya Mortgage Refinance Company (KMRC) will make your dream of becoming a homeowner a reality. Our offering is:
Ready to Own Your Home?
Take the next step toward affordable home ownership with Stanbic Bank’s KMRC-powered housing loan. Enjoy low rates and flexible repayment options.
Home loan fixed rate: 8.99% (Limited offer) FAQs
What does an 8.99% fixed interest rate mean?
It means your mortgage interest rate remains constant at 8.99% annually for the entire loan term. Your monthly repayments will be predictable, protecting you from market fluctuations.
Who is eligible?
- Property value of below Kes 15m.
- Residential apartments, maisonettes, and
- single-family homes.
- Stanbic allows purchase of plots and construction
- financing.
- Construction financing.
What property types qualify?
- Property value of below Kes 15m.
- Residential apartments, maisonettes, and single-family homes.
- Stanbic allows purchase of plots and construction financing.
- Construction financing.
What is the maximum loan term?
Up to 20 years, subject to retirement age for the employed during the campaign and 20 years for self-employed.
What is the facility fee?
1.5% facility fee is charged on the approved loan amount plus 20% excise duty on the facility fee which is payable to the government.
What other costs are involved?
- Legal Fees
- Valuation Fees
- Insurance
How much should I budget for extra costs?
Expect 8–10% of property value for taxes, fees, and associated cost, in addition to the facility fee. But we can do up to 105% financing whereby 100% goes to the selling price of the house and 5% to support in associated cost.
What documents are required?
- Salaried: Payslips, employment letter, 6 months bank statements/Passport, KRA PIN, copy of title &Sale agreement/ offer for sale.
- Self-employed: Audited accounts, business registration certificates, bank statements, KRA PIN.
- Professionals: Proof of licensing. Bank statements/passport, KRA PIN.
- Diaspora: Kenyan ID/passport, KRA PIN, payslips, 1 year bank statement,credit report from the resident
country & Employment letter.
Can I prepay or refinance?
Yes, Stanbic bank allows early repayment without penalty.
What is the loan limit?
Affordable housing loans typically cap at KES 10.5 million, with financing up to 105% of property cost in some cases.