Which bank offers best mortgage rates in Kenya?
Which bank offers best mortgage rates in Kenya?
Top mortgage providers in Kenya
- Citibank Kenya 12.5%
- Commercial Bank of Kenya 12.9%
- KCB Bank 13.3%
- NIC Bank Kenya 13.4%
- CFC Stanbic bank Kenya 14.1%
- Barclays Bank of Kenya 14.4%
- Co-operative Bank 14.9%
- Consolidated bank 15.1%
What is the mortgage interest rate in Kenya?
According to the Central Bank of Kenya, the average mortgage size is Ksh. 8.6 million, the average interest rate charged is 10.9% and the average repayment period is 11.2 years.
What is Absa base rate?
5,000 – 25,000: 1.00 % 25,000 – 100,000: 1.50% 100,000 – 500,000: 2.00% >500,000: 2.50%
What is the current interest rate for mortgages?
Today’s national mortgage rate trends If you’re looking to refinance your current loan, the national 30-year fixed refinance rate is 5.58%, an increase of 20 basis points from a week ago. Meanwhile, the national average 15-year fixed refinance rate is 4.74%, an increase of 9 basis points since the same time last week.
Which bank has the lowest mortgage rates in Kenya?
Standard Chartered Bank Kenya
1. Standard Chartered Bank Kenya. Standard Chartered offers some of the cheapest mortgage rates in Kenya so far. The interest rates can go as low as 12.2% with an option for the comprehensive 105% mortgage financing solution.
What is Barclays variable mortgage rate?
The Standard Variable Rate is currently 5.49%.
Is mortgage a good idea in Kenya?
Which raises the question: is taking a mortgage really worth it in Kenya? According to George Mangs, an investment expert and the founder of the investment firm Market Cap, it is better to rent as opposed to taking a mortgage. “Mortgages in Kenya are currently averaging at about 11 to 13 percent.
Which is the best bank for loan against property?
Check out the Best Loan Against Property Schemes
| Bank | Interest Rate | Loan Amount |
|---|---|---|
| HDFC Bank | 8.00% p.a. – 8.95% p.a. | Up to 65% of the value of the property |
| IDFC First | 7.5% p.a. onwards | Up to Rs.7 crore |
| Tata Capital | 10.10% p.a. onwards | Rs.10 lakh – Rs.3 crore |
| Axis Bank | 7.90% p.a. -9.30% p.a. | Rs.5 lakh – Rs.5 crore |
Which bank has the highest interest rate in Kenya?
1. KCB Bank. KCB Bank has one of the most competitive fixed deposit rates for local and foreign currencies on various tenors, specific to your requirements.
