Use our simple mortgage calculator to estimate monthly repayments, interest, and closing costs for KCB, Equity, and KMRC-backed loans. Updated 2026 interest rates.
Mortgage Calculator KE
Kenya Mortgage Loan Requirements
To qualify for a home loan in Kenya, banks typically require that your monthly repayment does not exceed one-third (1/3) of your basic salary.
Standard Documentation:
- Salaried Individuals: Latest 3 months’ payslips, employment letter, 6 months’ bank statements, and a KRA PIN certificate.
- Self-Employed: Audited books of accounts for the last 2-3 years, 12 months’ bank statements, and business registration documents.
- Property Documents: A copy of the Title Deed (minimum unexpired lease of 35-45 years) and a formal Sale Agreement witnessed by a lawyer.
What is the current mortgage rate in Kenya?
As of February 2026, mortgage rates in Kenya vary significantly based on the lender and the type of loan:
- KMRC-Backed Loans: These remain the most affordable at a fixed rate of approximately 8.99% to 9.5% for eligible properties (typically under KES 10.5 million).
- Commercial Bank Rates: Standard mortgages from lenders like KCB, Absa, and Stanbic range between 13.5% and 18%, often fluctuating with the Central Bank Rate (CBR).
- Sacco Mortgages: Institutions like Stima DT Sacco offer competitive rates around 9% for members using KMRC funding.
How long does the mortgage application process take?
On average, it takes 60 to 90 days from the initial offer letter to the final disbursement and registration of the charge on the title.
