#How mortgages work in Kenya

A mortgage lets you own property while paying over time. Here is what to know.

#Deposit

Most Kenyan banks ask for 10–20% deposit. KMRC-backed loans can go as low as 10%.

#Interest rates (2026)

• KMRC: 9.5% fixed
• Commercial banks: 13–16% variable
• SACCOs: 12–14%

#What lenders check

1. Payslips (3–6 months) or business bank statements
2. CRB status
3. Debt-to-income ratio (below 40%)
4. Property valuation

#Use our calculator

Try the Foxwood mortgage calculator to estimate your monthly repayment.