Our affordable housing plan
Stanbic Bank in partnership with KMRC will facilitate your dream of owning a home at a rate of 9.5% p.a.
Affordable Housing Benefits
Interest Rate 9.5% p.a
Single digit of 9.5% fixed for the term of the loan
Fixed Rate Home Loan
Facility fee of 1.5% of the loan amount
25 Years Repayment
We offer you a long-term repayment period of up to 25 years.
105% Mortgage Financing
Up to 105% Financing of property value or market price whichever is lower.
9.5% 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.
Stanbic Bank Affordable Housing Loan?
Below is our Affordable Housing offering:
- Single digit of 9.5% 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 25 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.
At a rate of 9.5% 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: