Home loan givers in Kenya

Where can I get a house loan.Who gives mortgage loans in kenya.There are many home loan service providers in Kenya that can finance up to 100per cent the value of the house. Commercial banks like KCB,Equity and Barclay's seem to be at the forefront in implementing easy acquisition of homes,but today, we want to list financiers that solely deal in mortgage financing in kenya.

The most common mortgage plans in kenya include; home buying, home construction, house renovation and buying plots.Houses purchased can be home dwellings, residential rental houses,office blocks or shop or business stalls.

Why visit these 'mortgage only' lenders?Its because, their interest rates are friendly low and they are specialists in the housing industry.

Housing Finance Group (HF Group).

Housing Finance is the main mortgage solution provider in Kenya and the East African region.HF provide loans to both individuals and businesses for the purpose of house purchasing, house buying and  plots buying.Read more on our post about Housing Finance Kenya


National Housing Corporation (NHC).

NHC  is a statutory body formed by a an act of Parliament to implement the government housing policies and programmes.

NHC has many duties concerning housing in kenya.The body constructs housing blocks,sales housing blocks,rents housing blocks and provide house loans to rural and peri-rural individuals wishing to construct permanent households.

House loan borrowers can apply up to a maximum of kes3000000 to finance the construction of permanent dwelling houses.The maximum loan repayment period is up to 10 years.

To find out more,contact NHC on;0724256403 or 0735993030


KUSCCO Lmited.

Kenya Union of Savings and Credit Cooperative (KUSCCO)Limited provide mortgage loans to sacco members and Saccos themselves.

House loan borrowers can apply for financing of the cost of a plot,a ready built house or the house construction.Just like Housing finance and NHC, the buildings financed through the mortgage loan can be used as dwelling homes rental residential houses,shopping stalls or office blocks.

To find out more,call 0722206331 or 0734899974

If we left any 'mortgage only' financial institution, drop a comment.Thanks.

Treasury plans funding mortgages through sacco loans

Mr Rotich,the Finance PS,announced yesterday during the kes2.3 Trillion budget briefing, that the Treasury has a plan to create a multi billion lending base for Sacco's to access cheap funding in order to spur house development this financial year.

The move was as a result of the increased housing units gap at a deficit of 150000 housing units each year.In partnership with multilateral lenders ,the Treasury will avail home loans to developed at a corporate rate of 20 percent with other taxes and levies zero rated.

The Treasury also plans to provide low cost housvloans to low income earners through their Sacco's.Treasury will ensure the repayment period get elongated up to a high of 15 years after which a borrower clears the loan in full.

There are no specificity saacos named to have permission to participate in the program.We hope and assume that all Sacco's will have equal opportunity to ask for a stake from treasury when the plan will be ripe.However,there's no specific date set for the program.Its within the whole financial year.

Barclay's Kenya Own Your Dream Home campaign

Barclay's bank photo

@barclaysbankkenya The Barclay's bank of kenya is giving Kenyans the opportunity of its kind to own homes through a campaign dubbed #OwnYourDreamHome .Customers who have been renting apartments or bungalows are now encouraged to take advantage of the offer which ends on May 26 this year.


Mortgage Offers.
There is a merciless decrease of the interest rate to a low of 14.9%pa from 18.5%pa.The mortgages have been split into four groups. The amount of loan can be as high as ksh2million for Nairobi residents and ksh1.5million for other locations.

Mortgage Groups

• Home loan straight purchase for ready made homes.Financing will be up to 90% the market value.
• Equity Release will be financed up to 80% of its value.
• Construction loan for customers with ready owned plots. Construction of a home will be up to 100% the cost of the home.
• Buy to Let for landlords. Financing will be up to 70% the value of the houses.

Interested people can visit any Barclay's bank branch near them.