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Stanbic Bank Kenya Launches Lowest Mortgage Rate to Boost Homeownership
Affordable Home Loans for Aspiring Buyers
Stanbic Bank Kenya has launched a limited-time home loan at a fixed interest rate of 8.99% per annum. The offer runs from November 15, 2025, to February 15, 2026. The bank hopes this initiative will make homeownership more accessible to Kenyans.
This rate is the lowest mortgage rate currently available in the Kenyan market. By lowering the cost of borrowing, Stanbic is targeting middle-income earners who often struggle with high interest rates.
Stanbic Bank Kenya Launches Lowest Mortgage Rate to Boost Homeownership
Tackling Kenya’s Mortgage Gap
Kenya’s mortgage market remains underdeveloped. According to the Central Bank of Kenya’s 2023 report, the country has about 26,000 active mortgage accounts. Average rates hover around 14.3%, putting homeownership out of reach for many.
Stanbic’s offer covers properties up to KES 10.5 million, with repayment periods of up to 20 years. The bank also simplifies the approval process, helping more first-time buyers secure loans. By reducing barriers, it enables aspiring homeowners to act quickly.
Supporting National Housing Goals
Mwaura Mwangi, Head of Products at Stanbic Bank Kenya, said the bank wants to help Kenyans achieve financial security and personal milestones.
“Our 8.99% home loan gives borrowers both affordable financing and peace of mind,” he explained.
Stanbic expects over 1,000 homeowners to benefit from this initiative. The move also aligns with national efforts to expand access to dignified housing across the country.
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