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 till 30th September 2026
The offer is valid till 30th September 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, and Construction.
The offer is valid till 30th September 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.